Société Générale Applies for $20M MakerDAO Loan Using Bond Token Collateral — CoinDesk


A flowchart included in the proposal shows six entities: SocGen; SocGen Forge; the MakerDAO protocol; The DIIS Group that will serve as a “security agent,” a requirement under French law to enforce the terms of the loan on the real-world side on Maker’s behalf; an as-yet unappointed MakerDAO legal representative; and an as-yet unnamed 3rd party that will facilitate exchanging the DAI loan to dollars, likely either a custodian service or a centralized exchange.


Leave a Reply

Your email address will not be published. Required fields are marked *