Quick infos about xDAI: The xDai blockchain, which I am experimenting a bit with recently, is basically like Ethereum but with:
- PoS (Proof of Stake) instead of PoW
- xDAI instead of ETH as native gas-currency.
More informations here: https://www.xdaichain.com/
Currently, the Validators (the actors participating in the Proof of Stake) are the 12 entities listed here: https://validators.poa.network/poa-dapps-validators
Fact: MakerDAO is a Validator.
I have some questions:
Question 1) Mariano Conti was the responsible of MakerDAO’s validator. However he has now left. Who is the new responsible now?
Question 2) As a validator, MakerDAO currently has 20.000 STAKE tokens (current market value of ~200k usd). Are these tokens property of MakerDAO or of The Foundation?
Question 3) As in PoS, the validators will be compensated for blocks creation. Are the profits going to MakerDAO or The Foundation?
Question 4) If (as I hope) the answers to (2,3) abovre were “MakerDAO”, what is the current infrastructure cost? I guess the governance should discuss if they want to devote part of the SF to maintain it, etc.
Question (4) above is of interests to all the xDAI delegators (stakers that decide to put their stake on some validator) interesting in staking MakerDAO’s validator. They are incentivised to bet on well-kept validators (~99.99% uptime, etc).
More generally, I think with all DeFi project spawning here and there, it might well be the case that MakerDAO has or will have Tokens/Assets/‘Stake in the game’ of other projects.
Quesiton 5) How can we manage these assets in the most efficient and transparent way? Something like an Aragon DAO? It’s a pretty interesting topic.