Bitcoiners Are Building a Sidechain Version of Ethereum’s MakerDAO

Zaldivar said there are still 15 projects in the RSK federation, down from 25 founding members in 2016, though he declined to specify names. If these federation members turn off their servers, with their built-in nodes, the public RSK protocol will not be able to swap bitcoin IOUs for real bitcoin. However, assuming that scenario doesn’t occur, the RSK DeFi model offers a bridge for locking up bitcoin and redistributing risk.