Has MakerDAO's Buyback Program Actually Reduced Crypto's Supply?

in #investing • last year

According to a recent study by the University of Michigan and MIT, blockchain technology can reduce carbon emissions by up to 30% over the next 15 years.

The report shows that using blockchain to trade carbon can help limit climate change, reduce costs, and offer a new approach to carbon trading.

The report also claims that more and more projects are using blockchain technology to address property rights and ownership. Under these projects, they hope their efforts will help address issues like privacy, transparency, and accountability.

One of them is MakerDAO, which recently announced an acquisition program. The program allows users to redeem DAI (decentralized stablecoin) tokens from MakerDAO at an interest rate of 0.5% per annum. As the program matures and there are more participants, the price of DAI will increase over time due to the supply constraints of this cryptocurrency.

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