Maker will progressively push out their Endgame update, which will deprecate DAI in the next years. Specifically, the DSR will slowly transition to the NewStable they’ll release. They will also release another token called PureDai.
PureDai keeps the essence of DAI and accepts only decentralized assets
NewStable aims for broader use with the ability to freeze assets & accept RWA (Real World Assets)
How will the Gnosis Chain transition to that, especially considering that xDai is used as a gas token? Is it possible to change the underlying token xDAI pegged on Gnosis to NewStable/PureDai deployed on Ethereum?
there is no imminent need for change, but I agree that we should start (or continue) to think and talk about: see here.
Personally I would prefer PureDai as a gas token if we have to choose, but it can also be facilitated to use more than one token as a gas token: see here.
btw: welcome here, interested to hear how you found the way to this forum.
Hey, thanks for the warm welcome, I’m sorry I did not see your message before. It’s a double
Interesting view. I did not know it was possible to have multiple currencies as gas tokens; thanks for sharing!
It’s all about vision when choosing a token. MakerDao does not say if DSR will be moved to PureDai as well; they only cite NewStable. But from what I see, Gnosis is all about real usage, so NewStable may also make sense. It’s in line with Gnosis Pay, which aims to bridge the real world with blockchain easily. (Pay : Iban ↔ blockchain, NewStable: RWA ↔ blockchain)
I found the forum because I participated in the Maker Endgame audit. I went down the rabbit hole of xDai being used as a gas token for Gnosis and read all about the ecosystem. It’s a very interesting one, and I will definitely stay around! I really like the fact that having a stablecoin as a gas token seems easier for broad usage. Already ordered my Gnosis Pay card to try it out!
