Rune Christensen is the founder and Chief Executive Officer of MakerDAO, the dual-token stablecoin project that uses Collateralized Debt Positions (CDPs) to establish a stablecoin that maintains its $1 value.
Prior to founding MakerDAO, Christensen co-founded Try China, and was responsible for executive management and recruiting clients. Christensen has a degree in both in international business and biochemistry, having founded Try China while studying at the Copenhagen Business School.
As the founder of MakerDAO, Christensen has been responsible for both the economic model which it follows and its organizational structure. The ecosystem is composed of multiple stakeholders and has a heavy emphasis on strong, reliable governance.
MakerDAO has been one of the market’s premiere stablecoins, operating differently from other stablecoins in that it does not have its stablecoins, DAI, backed by fiat reserves. Rather, the token is backed by Ether collateral. MakerDAO’s system of smart contracts stands out in a market that is seeing an increasing number of stablecoins backed by fiat currencies.
Christensen has mentioned in interviews that a multi-collateralized, on-chain models to be the only truly decentralized stablecoin - and indeed, stablecoins that rely on fiat backing eventually find the involvement of a bank, which precludes it from decentralization. Christensen sees the DAI as somewhere in between fiat-backed stablecoins and more elastic crypto-collateralized stablecoins.