Rune Christensen, the founder of MakerDAO, has announced plans to launch a fully decentralized stablecoin called PureDai. This new token will operate solely on the Ethereum mainnet and use ether and Lido staked ether (stETH) as collateral, with no reliance on centralized oracles. Unlike traditional stablecoins, PureDai will have a free-floating peg, meaning its value may not be tied to the US dollar.

Christensen emphasized that PureDai is designed for users who prioritize complete decentralization. Existing Dai holders will have the option to upgrade to PureDai once it becomes available, which is expected to be in a few years. This move marks a return to the ideological roots of Dai, which was first launched in 2017 as a decentralized stablecoin.

PureDai will complement another stablecoin, NewStable, which will be released by MakerDAO in the near future. NewStable is an upgrade to the existing Dai, focusing on compliance with regulations and maintaining its features. In contrast, PureDai will offer a purely decentralized option for users who value autonomy and decentralization.

The launch of PureDai is significant, as it marks a shift towards a more decentralized future for stablecoins. With the growth of Dai's supply and the increasing demand for stablecoins, PureDai is poised to offer a unique solution for users seeking a decentralized alternative.

PureDai will operate independently, with no permanent connection to MakerDAO. This means that users will have full control over their assets, and the stablecoin will be maintained by the community. The launch of PureDai is still a few years away, but it promises to bring a new level of decentralization to the stablecoin market.