After reading everyone’s responses in the forum and RC, we (the BD team) decided to share a summary about what we do to show the community what’s happening with our partners (aka distribution channels) and how this could impact the Maker Protocol.
We look forward to keeping this conversation going. For now, as the BD team and in the future as the Growth Core unit.
Here is the link to the notion page where you can find what we presented last Thursday.
And, we want to know your thoughts about:
We should improve the way we communicate BD’s work to the community
Solution: We will post our work updates in the forum.
But: What about people who are not involved in the forum or the governance calls? How should we reach out to them? Is it the Maker blog enough (or the community blog)? Remember, Maker’s marketing is out of our CU scope, our objective is to find distribution channels and engage them with the protocol, but we work with our partners’ marketing teams.
Gas fees are high, impacting the maker protocol (from a user perspective) in different ways:
- Micropayments or transactions below 50 Dai make no sense because of gas fees
- Using Dai in other DeFi protocols is not possible for retail investors
- Dust at 5k Dai is not viable for retail users
- Voting participation could be affected by gas fees
- Other DeFi protocols are going to L2
- Other stablecoins are in various chains
DSR is Dai’s most relevant differential compared with other stablecoins. Although decentralization is essential and we have to maintain it, DSR could convince users to convert USDC/USDT/others to Dai. Different stablecoin yields rely on the legacy banking system, and various CeFi protocols are squeezing their margin to gain more users, Dai’s DSR is independent of the banking system.