UMA Improvement Proposals (UMIPs) & Seeing the Future

Recently, OpenDAO has made several announcements about collaborations with projects such as Elrond, Ocean, and DSD among others. The DAO has laid down the infrastructure to mint stable coins, backed by the tokens of their respective projects, thereby allowing holders to free up capital without selling the tokens they want to hodl — this is a unique “have your cake and eat it too” opportunity. However, Rome wasn’t built in a day, and there are some key steps involved in setting up a stablecoin that is number one: safe, while also being intuitive to use and beneficial for the communities involved…