Hello Maker Community,
Perhaps this is a request that the Risk Team might have consider taking action on, or perhaps not. And @LongForWisdom and @Primoz might kill me for doing this
But, on behalf of the Maker Communityâit is our duty to take the bull by the horns and make the tough decisions. After all, we aim to be an independent decentralized autonomous family.
âJe crois en toiâ - Inconnu
With regards to Tetherâs USDT, do we the Maker Community believe that it should be delisted as an Asset Collateral?
Pros: 1. Delisting USDT might help us reduce our risk, and show the World that the Maker Community does not accept anything less than perfection, honesty, and integrity.
-
Its simple promise that every unit is â100% backedâ by United States dollars has been brought into question many times in recent years. If Regulators worldwide question USDTâs improprietiesâaccusations of Tetherâs Assets would likely get locked up in court battles that could take years to resolve.(Iâm no lawyer/solicitor but that is traditionally the path/outcome).
-
Too many other negative outcomes, you can comment on below
âInvert, always invert: Turn a situation or problem upside down. Look at it backward. What happens if all our plans go wrong? Where donât we want to go, and how do you get there?â âCharlie Munger
Cons: 1. USDT is one of the most accepted stablecoins in the world. World citizens can consider it a weapon versus totalitarianism. For some USDT might be the best/only option to move money out of their countryâwithout the risk of traditional crypto volatility.
-
It is the largest stablecoin by market capâwidely use in the entire ecosystemâmany traders prefer to settle trades in USDT.
-
Many exchanges are open to taking USDT. Tether is sometimes compared to and called the Central bank of crypto.
" Affairs are easier of entrance than of exit; and it is but common prudence to see our way out before we venture in ." âAesop
Please have your Say on the following:
Should Maker DELIST USDT as a Collateral Asset?
- Yes, we the Maker Community should Delist USDT as a Collateral Asset
- No, we the Maker Community should continue to support USDT as a Collateral Asset
- Abstain
0 voters
If the Maker Community wants to continue supporting USDT as a Collateral Asset, we should keep/or lower the Debt Ceiling to:
- No worriesâplease keep the DC at 10,000,000
- Please Lower the DC to 5,000,000
- Please Lower the DC to 2,500,000
- Please Lower the DC to 1,000,000
0 voters
I will leave this Poll open until 16:00 UTC, Thursday October 29, 2020.
âWe cannot be sure of having something to live for unless we are willing to die for it.â
â Che Guevara