The MakerDAO-Aave Debacle: Risks and Rewards of Collateralizing DAI | Analyst Round Table

0xResearch

In this episode, the Blockworks research team examines Solana's transaction failures and the network's ongoing struggles to handle high transaction volumes. The conversation then turns to the MakerDAO and Aave debacle, debating the risks and merits of MakerDAO's decision to collateralize DAI with Ethena's stablecoin. They also touch on the recent default on Goldfinch and the broader challenges facing on-chain private credit markets. Finally, they explore the rise of Pump.Fun and the resurgence of meme coins.

As always remember this podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice.

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https://x.com/_nishil_/status/1777048334664081548

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Timestamps:

(0:00) Introduction

(1:08) Enabling Arbitrum Stylus

(5:08) Velodrome DEX on Bitcoin

(7:40) Solana & SUI Airdrops

(13:39) dYdX Permissionless Smart Contracts

(18:15) dYdX Segment: Axelar

(22:53) Solana Transaction Failures

(31:57) Aave & MakerDAO Debacle

(43:37) Goldfinch Default

(51:43) Pump.Fun Meme Infrastructure

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Disclaimer: Nothing said on 0xResearch is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Dan, Sam, and our guests may hold positions in the companies, funds, or projects discussed.