Coinbase is one of the leading regulated exchanges built by Brian Armstrong and Fred Ehrsam (currently at Paradigm Capital). Both of these individuals possess a strong understanding of the regulatory landscape and the crypto ecosystem. Coinbase is extremely selective with new project listings. They only reserve these listings for the best projects: projects that will be around for years to come. Even though MKR’s stablecoin is much smaller than USDC, and in some regards, a competitor, Coinbase and Brian Armstrong recognize the MKR-DAI ecosystem is exceptionally unique. They understand it represents crypto’s best shot at a decentralized stablecoin.As Coinbase continues to smartly position itself as an important and regulated hub of all things crypto, it also brings with it credence among the crypto space (including MKR). Thus far, DAI has been easy to access. On the other hand, the governance token MKR has been far more challenging to acquire due to liquidity issues and technological complexities.For Maker to succeed, it needs more stakeholders. This listing will bring more governance participation, more proposals for collateral, and a diverse set of opinions. This listing not only brings greater liquidity and access for developers to participate in the success of the project but will also contribute further to the resilience of Maker. This increased interest will further solidify its position as the king of DeFi. MKR is about to get even more decentralized and its ecosystem is primed for explosive growth.
Submitted June 10, 2020 at 03:48AM
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