The developer announced a proposal to use real world assets (RWAs) in order to scale the DeFi protocol MakerDAO.
the same day, with other contributors, in a post called the “Aggressive Growth Strategy.” In the proposal, Hexonaut details that he thinks it’s inevitable that the project will rely on RWAs. Hexonaut proposes a two-step plan which involves a capital raise and taking risk-on exposure “conservatively.”
The developer believes it’s the right time for Makerdao to leverage RWAs as a number of competitor protocols have focused on bridging RWAs. Hexonaut’s proposal states: We believe the time is right to kick the RWA effort into overdrive. Along with our own efforts to improve and scale the pool of borrowers we already collaborate with, there are a number of off-chain counter-parties and on-chain protocols that have emerged over the last year spearheading the effort to connect RWAs into crypto.The comments that followed Hexonaut’s proposal show that some people thought adding RWAs had pros and cons.
“I actually brought this up on Discord two days ago. However, I like your model better than a traditional bond structure,” Psychonaut added. On Twitter, however, Hexonaut’s proposal received criticism.
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