I think we generally have four options:
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Replace xDai with another decentralized stablecoin—Rai, Hai, LUSD, crvUSD, or perhaps a basket of these currencies. This is beneficial for decentralized stablecoins because it drives higher demand for them, and theoretically, this option aligns most closely with our values.
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Replace xDai with another centralized stablecoin—in this case, I’d like to explore the option of USDT. I find the combination of a decentralized L1 with the largest centralized stablecoin to be interesting, and I believe it’s worth exploring. Such a change would require a great deal of courage, but if we envision a future where Gnosis Chain becomes a major L1, it likely demands similarly bold moves.
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Replace xDai with GNO.
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Theoretically, there’s another option where MakerDAO could transfer control of Dai to us, meaning they would hand over governance powers to GnosisDAO, which would then continue to operate it. This is likely not technically feasible, but it’s unfortunate that MakerDAO would throw away the network effect that Dai has built. Given our strong connection to Dai, we are the most closely aligned with it, so if such an option were possible, we’re the only ones who could execute it.
Personally, I really like options 1) and 2).
With option 2), it’s probably something this community won’t favor, but I believe it has the most potential to drive higher user adoption on the Gnosis Chain. Of course, this would require a native implementation of USDT.
Effectively, Dai is currently centralized, and it hasn’t caused any issues.