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Inverse Finance Founder Criticizes MakerDAO's DAI Distribution Proposal as Overly Risky

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Odaily
326Words
Apr 2, 2024

Nour Haridy, the founder of INVERSE FINANCE, has made comments on X platform criticizing MakerDAO's proposal to allocate $600 million worth of $DAI to USDE and SUSDE. He believes that this action is overly risky and may lead to an increase in capital costs. He argues that MakerDAO should not only pursue revenue maximization but also aim for maximizing net profit, which includes optimizing costs. Previously, MakerDAO was considering pledging USDE (SUSDE) through the DEFI lending protocol, MORPHO LABS, to distribute 600 million DAI.

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