Crypto assets and blockchain technology are about to transform every trust-based interaction of our lives, from financial services to identity to the Internet of Things. In this podcast, host Laura Shin, an independent journalist covering all things crypto, talks with industry pioneers about how crypto assets and blockchains will change the way we earn, spend and invest our money. Tune in to find out how Web 3.0, the decentralized web, will revolutionize our world. Disclosure: I'm a nocoiner.

Rune Christensen CEO and cofounder of MakerDAO explains the intricacies of the MakerDAO system which includes the stablecoin Dai which is pegged to $1 backed by collateral and whose governance is managed by holders of the MKR token. He describes how the current version of 'single-collateral' Dai is backed by ether how Dai is created with a collateralized debt position and what happens when the value of the collateral falls too low. He also talks about the roles of various players in the 

Rune Christensen of MakerDAO Part 1: How to Keep a Crypto-Collateralized Stablecoin Afloat - Ep.104

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