Dialogue about REP token within the upcoming replace of MakerDAO



View Reddit by ValioDalioView Supply

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1 COMMENT

  1. TLDR: people are worried that the REP token as as a collateral for DAI may bring extra default risk, since the token design incorporates a forking scenario – i.e. if there is a protocol wide disagreement about some outcome of event, the system will initiate a forking procedure, thus splitting the REP token into several instances, with users migrating to their preffered choice. In turn, the price of a token version with the least support
    will crash to zero, whilst the winning one will capture the rest of the value.

    Can somebody knowledgable about Augur join the discussion? Devs? Active community members?

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