MakerDAO founder Rune Christensen said a future token, PureDai, will serve as a fully decentralized alternative to its U.S. dollar-pegged stablecoin.

Known as PureDai, the stablecoin will operate exclusively on the Ethereum mainnet and use ether and Lido staked ether (stETH) as collateral backing — fully relying on decentralized oracles. It will also have a free-floating peg, meaning the decentralized stablecoin may not be pegged to the dollar.

The launch of PureDai is aimed at users who prefer a vision of complete decentralization, according to Christensen. Dai holders will have the option to upgrade to PureDai once it becomes available, which is expected in a few years. 

"Dai users in the future will have the option of upgrading their Dai to PureDai, which is a return to the …