PUREDAI: RETURNING TO THE IDEOLOGICAL ROOTS OF DAI

Summary from the TLDR Crypto newsletter

PureDai is a proposed stablecoin that aims to deliver cypherpunk ideals. It prioritizes extreme decentralization and resilience by leveraging decentralized collateral, maximally decentralized oracles, and minimal governance. The stablecoin will have a free-floating target price, permanent emissions to incentivize supply-side growth, and a governance token. It will interact with Maker SubDAOs, particularly the Spark lending protocol, to ensure efficient markets. It is not expected to be released for several years and will likely change significantly before then.