By Jake Coleman
The plan known as the Endgame Plan is rapidly and strangely developing at Maker.
Following the successful integration of vanilla t-bills and accounts payable onto the blockchain in the latest development, an intriguing proposition has emerged to introduce tokenized Uranium.
The proposal crafted by Uranium3o8 states that their objective is to promote widespread ownership of Uranium, thereby ensuring stability, enhancing its value, and facilitating convenient access to an increasingly significant commodity.
The element’s recent surge in popularity can be attributed to the resurgence of nuclear ambitions among several nations seeking to revitalize their energy sources or implement new strategies to enhance their power grids.
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The available information is limited, but it is reasonable to assume that these fragmented fuel rods would be integrated into the Maker protocol.
In the vast expanse of the ether, the infusion of DAI could receive a substantial surge through utilizing tokenized Uranium backed by nuclear energy.
Upon being approached for a statement regarding the gravity of this proposition, a representative from Uranium3o8 informed Decrypt that their genuine interest lies in becoming a supporter of DAI.
If there is mutual interest in this matter, we can discover a means to bring it to fruition. They expressed that a significant amount of work must be accomplished for us to reach that stage. However, they emphasized their unwavering commitment and determination to achieve success.
As for the Maker team, anything’s possible for a DAO, right?
MakerGrowth stated that “the proposition above originates from a member of the MakerDAO community and is presently being evaluated by the DAO’s constituents.” The Maker forum warmly welcomes contributions from all members of the MakerDAO community.
The previously mentioned Endgame Plan was devised by Rune Christensen, the founder of Maker, to maximize the protocol’s revenue through the yield obtained from tangible assets in the real world.
According to the outlined plans, the revenue would subsequently be transformed into Ethereum.
The notion is that Maker’s decentralized stablecoin would possess immunity against government capture due to its substantial and censorship-resistant treasury. (Recall that the strategy was implemented shortly following the imposition of sanctions on Tornado Cash.)
Both concepts, which involve tokenizing a highly unpredictable element and utilizing it as a backing for cryptocurrency dollars, are pretty unconventional.
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The initial assertion seems absurd, as it suggests that the subject under discussion pertains to authentic Uranium of nuclear-grade quality, as evidenced by the proposal and promotional content associated with the project.
The project also briefly discusses a redemption mechanism to recover one pound of Uranium as collateral for every token.
In response to a Twitter inquiry regarding the redemption process, the project stated that individuals who possess a valid license and fulfill the specified criteria would be eligible to receive the uranium shipment at their residence.
The minimum requirement implies possessing a minimum of 20,000 tokens backed by Uranium. As stated by Uranium3o8, this amount is equivalent to 20,000 pounds or 10 tons of real Uranium.
According to the representative from Uranium3o8, they have clarified that they cannot be held accountable for the transportation of the active Uranium. Instead, they enlisted a Canadian mining company named Madison Metals.
The CEO of BlackRock has expressed that the future of markets lies in tokenization, referring to it as the “next generation.”
According to their statement, they are responsible for carrying out any tasks related to handling, moving, or authorizing the delivery of the core uranium in strict adherence to industry-standard guidelines and regulations.
However, there are still skeptics who remain unconvinced, as another individual succinctly states: “government authorities.”
In response to this somewhat eccentric suggestion, the sole comment consists of an image portraying an FBI operative diligently operating a computer at his remote workstation, with his trusty Glock conveniently positioned nearby.
Regarding the concept of a stablecoin, using uranium as collateral brings up substantial volatility.
