MakerDAO: "We want to become the leader in credit".
Created in 2015, the decentralised organisation MakerDAO wants to compete with the banks. We spoke to one of its leaders in Argentina, Mariano Di Pietrantonio.
The news.We met in Argentina with one of the architects of the MakerDAO protocol and its stablecoin dollar DAI.
The context. The collapse of UST shed light on the virtues of its decentralised system.
Why it matters.MakerDAO provides DAI loans to make up for the inefficiency of the banking sector.
The Big Whale: You are one of Argentina's crypto figures. When did you get started in the sector?
Mariano Di Pietrantonio: It all started with bitcoin in 2011. At the time a friend told me "you should buy some". Since I'm a bit curious, I looked into it, but at the time I didn't understand what it was, so I passed on it. I studied 'classical' economics at university, so I thought it was pointless, that Bitcoin was just what you hear all the time, i.e. machines that consume a lot of electricity. In 2011, hardly anyone was talking about Bitcoin, it was a fairly confidential subject. There weren't thousands of videos on YouTube explaining how it worked, and the big magazines weren't talking about it. You could only find information on obscure forums.