According to BlockBeats, on September 4, Sky (formerly Maker) co-founder Rune said that Sky’s new crypto stablecoin USDS may have a court-like decentralized appeal process as part of its freezing function.
USDS will not have a freeze feature at launch, but it can be upgraded if the governing body decides to add it. If the feature does go live, users whose USDS have been frozen can do so transparently “leveraging the power of decentralized governance to ensure due process and other matters.”
Rune said it’s “unclear” when or if the USDS freeze feature will go live — but it will require “very careful legal, political, and regulatory analysis, and obviously a very thorough design process by the decentralized Sky governance body.”
