Good question. Yes Makerdao is very big, and while they could lose money, they are not a centralized entity concentrating on profits. They are a DAO and the members have spoken.
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Good question. Yes Makerdao is very big, and while they could lose money, they are not a centralized entity concentrating on profits. They are a DAO and the members have spoken.
It would be ironic if this hurt makerDao more then Bitgo because Bitgo sees this as a major business when they started, but now it's a minor part of their business because they are primarily a Bitcoin custodian. Life is full of surprises.
Interesting thought.
MakerDao does benefit from this wrapped bitcoin loan situation.
Time will tell the answer, cryptocurrency blockexplorers are transparent, so I am sure people will investigate it.