Sky Co-Founder Discusses Potential Decentralized Appeal Process for USDS

According to BlockBeats, on September 4, Rune, co-founder of Sky (formerly Maker), discussed the possibility of implementing a decentralized appeal process for the new cryptocurrency stablecoin USDS as part of its freezing function. USDS will not have a freezing function upon its launch. However, if the governing body decides to add this feature, it can be upgraded. Should this function be implemented, users whose USDS are frozen could leverage decentralized governance to ensure transparency and due process. Rune mentioned that it is unclear when or if the USDS freezing function will be introduced. He emphasized that it would require extensive legal, political, and regulatory analysis, as well as a thorough design process completed by Sky's decentralized governance body.