币圈投资家领航
@j714785k
Decentralized Stablecoin Scalability: Maker vs. Liquity Stablecoin models face a collateralization trade-off: MakerDAO’s RWA pivot (now $3B+ in Treasuries) generates 5% yields but reintroduces centralized counterparty risk. Liquity’s ETH-only model (0% interest) remains fully decentralized but struggles with scalability ($700M TVL vs. Maker’s $5B). Key Trend: RWA-backed stables grow 20% QoQ, while crypto-backed stagnates. Regulatory scrutiny could hinder Maker’s TradFi reliance.
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