Core Unit I wish existed: Financial Research & Competitor Analysis
Short Description: The goal of this core unit is to do financial research and analysis, in the context of DeFi and MakerDAO, up-to the best standards of academic research in finance & economics.
Ideally, contributors of this Core Unit have serious research experience in the field (PhDs, tenured academics, etc). It is very hard to image that this type of figure could come and work for MakerDAO full time (at least now). What is more likely is that the Facilitator of this Core Unit comes/belongs from this word and has a web of contacts in the banking/finance/academic world to outsource research as “financial consulting” tasks.
It is of vital (i.e., to survive) importance for MakerDAO to understand - at a deep level - the key winning aspects of MakerDAO, separate them from the “noise”, and understand how to leverage them in several financial contexts (e.g., negative interests rates, new financial crisis, periods of sustained growth, bull markets, etc) in the best possible way.
My point of view: MakerDAO has emerged from the talent, imagination, creativity of a group of enthusiastic and super-clever people, often coming from technology/engineering mora than finance. But now it is reaching big numbers, and we need the help of professionals in money-theory. This does not mean that MakerDAO should be eaten by the “legacy system”. But just that the “legacy system” has a lot of knowledge that we need to use, rather than re-inventing the wheel (and making mistakes).
Additional Notes: In his recent talk (link here: https://www.youtube.com/watch?v=gLdCPwvYuFk&t=2072s), which everybody reading this should watch, @SebVentures made several excellent points. One of the most important is that we need to make a deep “Competitor Analysis” (Aave, Chainlink, Compound, UniSwap, etc), where competitor means “other big DeFi project”.
“You can’t beat them if you don’t know them”.
I think this would be (one of the) a perfect task for this Core Unit.