MKR: The 'Central Bank' of Decentralized Finance
Technological Breakthroughs:
Cross-Chain Integration: Accessing 12 public chains including Solana and Polygon through the SkyLink cross-chain bridge, the TVL of USDS (formerly DAI) in the Solana ecosystem has grown by 400% in a single month, becoming the 'blood' of DeFi liquidity.
Real Asset Anchoring: Partnering with Goldman Sachs to launch a $1 billion Real Estate Mortgage-Backed Securities (RMBS) project, with an annualized yield of 8%, deeply binding traditional financial assets with DeFi protocols for the first time.
Risk Control: Introducing a 'Dynamic Collateral Ratio Algorithm' to automatically adjust the staking ratio of collateral such as ETH during extreme market conditions, keeping the decoupling risk of USDS below 0.1%.
Market Catalysts:
Asset management giants such as BlackRock and Fidelity have included MKR in their 'Compliant DeFi Asset Pool', with MKR accounting for 15% of the $12 billion crypto fund they manage.
After the EU MiCA regulations come into effect, USDS will become one of the first decentralized stablecoins to pass compliance audits, with trading volume expected to exceed $50 trillion by 2025.
Risk Warnings
Collateral is overly concentrated in ETH; a price drop of over 30% in Ethereum could trigger systemic risk.
Regulations on DeFi protocols are tightening, and attention is needed on how rising compliance costs may affect returns.
