Rune Christensen is the co-founder of MakerDAO, one of many oldest and largest decentralized finance (DeFi) lending platforms and issuer of the $5 billion dai (DAI) stablecoin.
This yr, Christensen, a local of Denmark and graduate of the College of Copenhagen, got down to shake Maker up from its foundations in his grandiose plan known as “Endgame.” Whereas his plan was initially met with pushback together with accusations of tyranny in an ostensible decentralized group, the technique began to pay dividends this yr – actually.
This profile is a part of CoinDesk’s Most Influential 2023. For the complete record, click on right here.
His initiative to combine old-school property like U.S. authorities bonds right into a blockchain-native protocol was a trendsetter and spearheaded the real-world asset (RWA) motion, now one of many hottest matters in crypto. It additionally fueled Maker’s turnaround, permitting it to rake in income at a time when a bitter crypto winter weighed closely on lending protocols as many crypto merchants turned their again on DeFi.
And this was solely the start. The subsequent step shall be to revamp Maker’s clunky group with the introduction of SubDAOs and show decentralized autonomous organizations (DAO) can work. Maybe this ought to be no shock: In 2020, a yr Christensen topped CoinDesk’s Most Influential record, he introduced he would dissolve the Maker Basis, the centralized group he based and led to develop the Maker protocol.
That was the second time Christensen ceded management of a enterprise he began as a way to comply with his pursuits. Christensen beforehand ran an EU-based firm that helped deliver individuals to China to show English, which he bought to put money into bitcoin (BTC). The thought for dai got here after the collapse of Mt. Gox in 2014, as the muse for a probably extra secure and clear monetary system.
We reached out to Christensen to ask him how he sees 2023 and what’s in retailer for subsequent yr.
Greatest achievement this previous yr?
“Determining find out how to do real-world property at scale and deploying $2.5 billion into Treasuries, which now has led to income exceeding $90 million per yr.”
What’s your No. 1 aim for 2024?
“Maker goes by means of this big overhaul known as Finish Sport and that begins with the rebrand of Maker and DAI, the largest factor for us that is going to occur subsequent yr.”
Give us a prediction for crypto subsequent yr.
Mass adoption of RWAs. “You’ll look again at this second as when all the monetary system began migrating to blockchain.”