Maker migration, impact on Gnosis Chain

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Maker migration, impact on Gnosis Chain

AI summary of the linked article

LaJota raises concern that USDS, which replaced DAI after MakerDAO became Sky, has a freeze function that can block wallets and smart contracts, conflicting with Gnosis Chain's decentralization and permissionless use. The post asks whether a wallet frozen on Ethereum mainnet would also be unable to pay gas fees on Gnosis, since the DAI and xDAI contracts are the same, and whether USDS now resembles USDT. It notes that USDS access is banned in the US and UK and says the impact may be nothing, but calls the discussion important because the token serves as Gnosis's gas token.

Recommended by 3 curators
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this discussion encapsulates everything I love about crypto
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Yes, indeed fantastic discussion.
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Honestly, I want them to now be forced to just make GNO the token to pay gas, or do they actually like to pay for txs in dollars?
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This discussion is also a great example of how the medium shapes the message. It's hard to imagine having such a nuanced discussion on Twitter, but on a forum, it looks natural.

Re: GNO, I think it'd be great for the token, don't know why they kept dollar fees. Maybe it's just for historical reasons, as they merged a few years ago with xDAI?