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UDHCOn Optimal Decentralization
The Decentralization Series: Part TwoRecall the Starting PointPreviously, our post - “On Being Sufficiently Decentralized” - stated that technological decentralization and self-sovereignty are the ingredients for a protocol or application being sufficiently decentralized. But, it is not a natural steady-state; it has to be maintained. Reaching the state of sufficient decentralization is one thing, but maintaining it requires much work. Creating the right environment and framework to sustain t...
UDHCThe Greatest Advantage Handed to the US on a Plate - Stablecoins
***By Steven Becker, CEO of UDHC, former President and COO of the Maker Foundation, which helped build Dai, a crypto-collateralized stablecoin.Stablecoins reinforce the US dollar as the de facto world reserve currency. The entire world wants to use the US dollar, and the US is trying its hardest not to make that happen by holding it close to its chest like a precious heirloom instead of deploying it as an essential tool of liberation. The US dollar, like all currencies, is a one-dimensional t...
UDHCOn Being Sufficiently Decentralized
The Decentralization Series: Part OneWhy Decentralization is ImportantDecentralization is intuitively easy to understand but difficult to define precisely. Creating a blockchain-specific working definition helps attribute value to protocols and applications. Taken a step further, it can help identify the regulatory touchpoints for consumers and investors. Decentralization describes an intention and level of control. For example, a system intended to be centralized could distribute power and b...
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Today, we’re pleased to announce the UDHC, an initiative to bring DeFi to the mainstream. The UDHC will fund and guide projects that build on top of established DeFi ecosystems to achieve this goal. We believe in the amalgamation of Traditional and Decentralized Finance, where they will blend into a new, better, and more open definition of “Finance.”
Operated by former Maker Foundation employees and led by Steven Becker (Former President & COO of the Foundation), our experience allows the UDHC to guide and ensure projects build on a compliant arc of decentralization.
Let’s dive in:
Currently, there’s a significant group of people who feel DeFi will overthrow TradFi, and we’ll never see banks again. At UDHC, we envision a world where it’s not TradFi versus DeFi, but the two evolve into a new and more open Finance. By making DeFi an extension -- not a replacement -- of TradFi, finance becomes as accessible as email or the internet, opening doors to new participants the world over.
We created the UDHC to work with stakeholders and early-stage companies to build critical infrastructure. We believe that for the bridging of TradFi and DeFi to be successful, most of the ecosystem will utilize established protocols, like MakerDAO. This ecosystem will be the rising tide that grows the “new Finance.”
The projects we’re supporting and looking for are liquidity providers, data layers, infrastructure, and more, all focusing on advancing the ecosystem. In doing so, we will draw upon our teams’ experience with the Maker Foundation to provide them with guidance on growth, regulation, and optimal decentralization.
MakerDAO is one of the few, if only, DeFi projects to achieve complete decentralization successfully. With the UDHC made up of former Maker Foundation employees, the experience of going through community building, structuring, and regulatory hurdles was invaluable and provided the necessary tools to pass on to others.
In other words, many are busy working to define what DeFi is, but we at the UDHC helped create it, we understand it and are now applying it. As a result, we took to uncharted waters and created shipping lanes.
Projects need to be in a regulatory compliant environment before traditional institutions, banks, or governments can integrate them, and the UDHC provides the guidance necessary to do so.
But it’s not just the DeFi projects we’re assisting. We have ongoing relationships with policymakers, government officials, advocacy groups, and more. So they can make well-informed crypto space decisions by acting as a resource for them and providing our unique POV.
While the public announcement is today, the team has been heads down managing the portfolio for some time already.
The UDHC currently supports various projects, ranging from Maker ecosystem builders like RWA Co, Element Finance, Oasis Pro Incorporated (OPI), Oazo (Oasis.app), Token Flow, and Sense Finance, to broader projects like StableNode, Tokemak, and Jet Protocol. If you’re building on MakerDAO or creating a project in the DeFi space, we want to hear from you: contact@udhc.finance or @UDHCFinance.
The rise of DeFi has been a boon for crypto and can bring hundreds of millions of people into a global economy. Combined with Traditional Finance, we’re looking at a tectonic shift to the world of finance for good. Through the experience with the Maker Foundation and helping MakerDAO reach complete decentralization, the team at the UDHC is focused on building that world and investing in the early-stage projects that can bring it to life.
We’ll have more coming soon. Stay tuned. GM & WAGMI.
The UDHC Team
Today, we’re pleased to announce the UDHC, an initiative to bring DeFi to the mainstream. The UDHC will fund and guide projects that build on top of established DeFi ecosystems to achieve this goal. We believe in the amalgamation of Traditional and Decentralized Finance, where they will blend into a new, better, and more open definition of “Finance.”
Operated by former Maker Foundation employees and led by Steven Becker (Former President & COO of the Foundation), our experience allows the UDHC to guide and ensure projects build on a compliant arc of decentralization.
Let’s dive in:
Currently, there’s a significant group of people who feel DeFi will overthrow TradFi, and we’ll never see banks again. At UDHC, we envision a world where it’s not TradFi versus DeFi, but the two evolve into a new and more open Finance. By making DeFi an extension -- not a replacement -- of TradFi, finance becomes as accessible as email or the internet, opening doors to new participants the world over.
We created the UDHC to work with stakeholders and early-stage companies to build critical infrastructure. We believe that for the bridging of TradFi and DeFi to be successful, most of the ecosystem will utilize established protocols, like MakerDAO. This ecosystem will be the rising tide that grows the “new Finance.”
The projects we’re supporting and looking for are liquidity providers, data layers, infrastructure, and more, all focusing on advancing the ecosystem. In doing so, we will draw upon our teams’ experience with the Maker Foundation to provide them with guidance on growth, regulation, and optimal decentralization.
MakerDAO is one of the few, if only, DeFi projects to achieve complete decentralization successfully. With the UDHC made up of former Maker Foundation employees, the experience of going through community building, structuring, and regulatory hurdles was invaluable and provided the necessary tools to pass on to others.
In other words, many are busy working to define what DeFi is, but we at the UDHC helped create it, we understand it and are now applying it. As a result, we took to uncharted waters and created shipping lanes.
Projects need to be in a regulatory compliant environment before traditional institutions, banks, or governments can integrate them, and the UDHC provides the guidance necessary to do so.
But it’s not just the DeFi projects we’re assisting. We have ongoing relationships with policymakers, government officials, advocacy groups, and more. So they can make well-informed crypto space decisions by acting as a resource for them and providing our unique POV.
While the public announcement is today, the team has been heads down managing the portfolio for some time already.
The UDHC currently supports various projects, ranging from Maker ecosystem builders like RWA Co, Element Finance, Oasis Pro Incorporated (OPI), Oazo (Oasis.app), Token Flow, and Sense Finance, to broader projects like StableNode, Tokemak, and Jet Protocol. If you’re building on MakerDAO or creating a project in the DeFi space, we want to hear from you: contact@udhc.finance or @UDHCFinance.
The rise of DeFi has been a boon for crypto and can bring hundreds of millions of people into a global economy. Combined with Traditional Finance, we’re looking at a tectonic shift to the world of finance for good. Through the experience with the Maker Foundation and helping MakerDAO reach complete decentralization, the team at the UDHC is focused on building that world and investing in the early-stage projects that can bring it to life.
We’ll have more coming soon. Stay tuned. GM & WAGMI.
The UDHC Team
UDHCOn Optimal Decentralization
The Decentralization Series: Part TwoRecall the Starting PointPreviously, our post - “On Being Sufficiently Decentralized” - stated that technological decentralization and self-sovereignty are the ingredients for a protocol or application being sufficiently decentralized. But, it is not a natural steady-state; it has to be maintained. Reaching the state of sufficient decentralization is one thing, but maintaining it requires much work. Creating the right environment and framework to sustain t...
UDHCThe Greatest Advantage Handed to the US on a Plate - Stablecoins
***By Steven Becker, CEO of UDHC, former President and COO of the Maker Foundation, which helped build Dai, a crypto-collateralized stablecoin.Stablecoins reinforce the US dollar as the de facto world reserve currency. The entire world wants to use the US dollar, and the US is trying its hardest not to make that happen by holding it close to its chest like a precious heirloom instead of deploying it as an essential tool of liberation. The US dollar, like all currencies, is a one-dimensional t...
UDHCOn Being Sufficiently Decentralized
The Decentralization Series: Part OneWhy Decentralization is ImportantDecentralization is intuitively easy to understand but difficult to define precisely. Creating a blockchain-specific working definition helps attribute value to protocols and applications. Taken a step further, it can help identify the regulatory touchpoints for consumers and investors. Decentralization describes an intention and level of control. For example, a system intended to be centralized could distribute power and b...
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