If @MakerDAO works it will export the best parts of the US financial system by turning them into uncensorable digital tokens that anyone can buy.
The dollar-pegged DAI
A S&P 500 Index tracker
A savings account with interest
Mature derivatives infrastructure
A killer dapp.
— Richard Burton (@ricburton) January 12, 2019
According to a recent tweet by Richard Burton, the community encouragement officer of Balance, Maker is planning to add some significant new features while improving the accessibility and usability of the platform.
Burton highlights that Maker has been working with Balance on an upcoming mobile platform, which allegedly will “export the best parts of the U.S. financial system by turning them into uncensorable digital tokens that anyone can buy.”
As mentioned in the tweet, the following features are coming to the Maker dapp:
- S&P 500 index tracker
- Dai Savings Rate
- Mature derivatives infrastructure
These features, which are planned for 2019, could potentially supplant a number of traditional financial products, making Maker a top contender to become the first killer dapp.
These developments come several months after 6% of the total supply of MKR was purchased for $15 million by a16z crypto. While this seemingly centralized token sale was questioned by some observers, the amount of development and testing required to reach the project’s lofty goals may justify the move.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.