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You might want to check Nexo as well. But what MKR is doing is a great experiment and maybe setting the basis for a real new paradigm shift in finance. Time will tell as you say.

Dunno if you mentioned but all the benefits and all that must be balance with the risk of contract failure/hacked. Something to consider whenever you look at these untested projects. However, given that it has like 1% of ETH in it and still going strong...maybe it's safe?

Lastly: DAI is at 95 cents and they bumbed the rate to 7.5% which is hella high.

I think there are a lot of great projects coming out int the future that are going to be exciting just like this one. The benefits you have mentioned are pretty awesome. I don't see myself ever holding 3 million of any cryptocurrency unfortunately. I think the markets need to stabilize a lot more and mass adoption needs to be the norm before a lot of these projects will be viable.

A friend of mine just published this post today. Given the subject matter of this post I thought you might be interested:

https://steemit.com/cryptocurrency/@daan/using-nitrogen-launchpad-a-simplified-stablecoin-loan-tool

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