{"id":570004,"date":"2024-08-28T12:09:33","date_gmt":"2024-08-28T12:09:33","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=570004"},"modified":"2024-08-28T12:09:33","modified_gmt":"2024-08-28T12:09:33","slug":"maker-co-founder-rune-christensen-dispels-freeze-function-rumors-ahead-of-usds-launch","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/maker-co-founder-rune-christensen-dispels-freeze-function-rumors-ahead-of-usds-launch","title":{"rendered":"Maker Co-Founder Rune Christensen Dispels \u201cFreeze Function\u201d Rumors Ahead Of USDS Launch"},"content":{"rendered":"
Rune Christensen, co-founder of the recently rebranded <\/span>Maker<\/span><\/a> protocol, has clarified that there will be no “freeze function” added to the project’s new USDS stablecoin.<\/span><\/p>\n “Actually there will be no freeze function at launch, there will just be an upgrade ability,” Christensen said in an Aug. 27 X <\/span>post<\/span><\/a>. With this upgrade ability, members of the project’s governance will be able to decide later how new functions will be implemented to protect against “as many risk factors as possible.”<\/span><\/p>\n Christensen’s X post comes after the protocol faced backlash for a supposed “freeze function” in its new stablecoin. Some online observers also started to question the decentralization of the protocol. One X user that goes by the name “Tunez” asked his 155,000 followers whether the function would “completely defeat the purpose of the project.”<\/span><\/p>\n maker is rebranding to sky<\/p>\n more importantly, $DAI<\/a> is rebranding to $USDS<\/a> and introducing a freeze function<\/p>\n doesn't this completely defeat the purpose of the project? am i missing something here<\/p>\n — tunez (evm\/acc) 🎮 (@cryptunez) August 27, 2024<\/a><\/p><\/blockquote>\n<\/p>\n
Crypto X Community Raises Centralization Concerns<\/span><\/h2>\n
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