Makerdao has become the laughing stock of the crypto industry
Head over to r/cryptocurrency or r/ethfinance or eth trader. They are rediculing makerdao and Dai. You fucked up big time. I can't defend it anymore.
I think the big whales who profited of the initial distribution and are still holding tremendous amounts, need to step forward and cover the loss from their own stash.
Makerdao is an embarrassment right now, a train wreck. Instead of focusing on a crypto backed stablecoin they started this whole nonsense of multi collateral Dai. They become insane in their greed for power and money. Now Dai is such a shitcoin that it needs to be backed by usdc.