MakerDAO. In pursuit of Terra.

The UST token stack, which has suddenly become quite popular, has made MakerDAO, which have their own DAI stack, very tense.

Here are some solutions that Maker wants to introduce to strengthen its position:

- Turning MKR into the "ve-" counterpart of Curve and Yearn tokens

- Adding LP tokens stETH-ETH as collateral for MakerDAO

- Adding Real Assets (RWAs) to provide Maker

What is Yearn

It is a decentralised credit platform that allows users to deposit ERC-20 stablecoins such as DAI, USDC, USDT, TUSD or SUSD into the protocol. In exchange for these, users receive an equivalent amount of yToken.

Why we need ve tokens

Let's break it down using the veCurve example. The longer you own a veCRV token, the more weight it gives you when you vote. The maximum weight (x2.5) a token provides when it is four years old.

Every user with more than 2.500 veCRV can post proposals on the internal forum.

Proposals can be considered if holders of 33% of active veCRV tokens join, and a quorum of 50%+ tokens is required for a proposal to be accepted.

Do you think this will help MKR catch up with Luna?