Anatoly Yakovenko suggests new DAO-managed stablecoin model

Anatoly Yakovenko, founder of Solana, has proposed a DeFi protocol that issues a RAI-style stablecoin to purchase more of its backing asset, potentially managed by a DAO to optimize market timing. The concept draws inspiration from the mechanism of RAI, launched in 2021 by Reflexer, which adjusts redemption prices instead of interest rates to balance supply and demand. This model aligns with the DeFi 2.0 trend, where real-world assets and tokenized systems are gaining traction, aiming for sustainable yields over speculation, while leveraging on-chain data to enhance governance efficiency and market positioning.