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What is the innovation of PureDai, the new stablecoin launched by MakerDAO?

May 17, 15:54
What is the innovation of PureDai, the new stablecoin launched by MakerDAO?

1. PureDai is a new stablecoin proposed by Rune Christensen, the founder of MakerDAO, which aims to achieve a fully decentralized stablecoin with features such as floating target price and highly decentralized collateral.
2. The design principles of PureDai include: floating target price, decentralized high-quality collateral (such as ETH, STETH), highly decentralized oracle, minimal governance, permanent positioning on the Ethereum mainnet, and simple token economics.
3. PureDai aims to achieve a free-floating anchor and cannot guarantee a long-term peg to the US dollar. In order to maintain price stability, a negative target interest rate may be introduced to reduce the target price over time, but a fixed ratio with any specific currency is not guaranteed.
4. PureDai will have its own governance token (PureDai Governance Token) with an initial supply of 2 billion, which will be distributed in NewStable mining on the Ethereum mainnet for a period of five years.
5. PureDai’s governance structure will be completely independent of Maker, without any permanent token release in favor of Maker. It aims to incentivize the Maker community to develop and release PureDai and ensure that the owners of governance tokens are widely distributed.

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