MakerDAO voting to limit DAI exposure to Gemini amid insolvency fears

[The_Krakenite]

Gemini CEO Tyler Winklevoss has moved to allay such fears, saying in a post on the Maker forum that MakerDAO’s exposure to Gemini was limited to the GUSD in the PSM. Winklevoss added that the GUSD reserve backing DAI was not the property of the company and hence would not be part of any bankruptcy proceedings.

Yup, we're getting closer to that chapter 11... the vultures are circling in the air.

https://www.theblock.co/post/203307...nsolvency-fears?utm_source=rss&utm_medium=rss