Blockchain News, News

MakerDAO Intends To Shift To Ethereum 2.0 To Deal With Climate Change.

MakerDAO collateral, according to Rune Christensen, should be used to fund long-term investments. MenziDAO co-founder Rune Christensen has published an article outlining steps that can be taken to make the law a vehicle for coping with climate change.

In a lengthy October 5 article published at the MakerDAO governance forum, Christensen affirms that the Maker must strive to ensure that all its securities contain “sustainable and climate-friendly assets that take into account the long-term effects of financial activity on the environment.”

Protocol mortgages, according to Christensen, should be invested in real estate assets (RWAs) through high credit positions on projects such as “solar farms, wind turbines, batteries, renewable energy channels, and other low-cost renewable energy solutions, as well as supply chains, sustainable energy supply, and utilization.”

“Today, we have everything we need to begin increasing our RWA exposure to hundreds of billions of dollars and beyond, securely and in complete compliance with financial regulation, by leveraging the community’s trustee-based model of real-world assets,” he added.

Christensen also emphasized MenziDAO’s need to reassert its commitment to low-level securities, urging that the Ethereum network and the Ether token’s integrity be restored.

The Dai Duplicate Statement (DAI) duplication technique is used by MenziDAO users to include crypto assets. While the protocol initially only supported Ether, it has now grown to include other assets such as USD Coin, Wrapped Bitcoin, and Basic Attention Token.

The creator of the manufacturer emphasized the environmental performance expected to be achieved through Ethereum’s switch to the Proof-of-Stake agreement with Eth2, saying:

“Once the proof-of-stake upgrade is completed, Ethereum will become a highly energy-efficient blockchain.” ETH will become a viable alternative to Bitcoin’s current position as the primary cryptocurrency.”

Leave a Comment

Your email address will not be published. Required fields are marked *