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In the latest blog post by @especulacion, the challenges of sustained growth for MakerDAO are explored. With the overcollateralized stablecoin model reliant on cyclical credit demand, breaking the $10 billion target has proved difficult. Although the recent surge was driven by attractive yields, sustainability remains uncertain given reduced interest margins and low usage demand for USDS. Strategies for better value capture are outlined, all while grappling with skepticism over future growth and potential promising overlaps in initiatives combating expenditure concerns.
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