Say you have lots of money and don't want to cash out, you want to wait out a market dip...
Do you put your money into Tether or into DAI, or into another stablecoin?
Can you trust any of them?
Tether or DAI?
Jace Carter
Christian Russell
DAI. I don't understand why Tether still exists at this point. DAI is a legitimate decentralised currency with a genius premise. Tether is a shady centralised version.
Kayden Bennett
This.
Michael Bailey
Dai handled a 70% crash in its collateral value (ETH), and the worst that happened was a one day drop to 86 cents, related to lack of volume rather than system failure and instantly recovered to its dollar peg. It's pretty much the safest bet there is unless we suffer a crypto crash of an even bigger magnitude. Any situation in which Dai fails involves Tether blowing up long before that.
Carson Mitchell
I would only use dai if my tokens were on the same dex. Otherwise I would just use tether or that other one on trex. I believe tether have the $.
Xavier Morales
Can DAI theoretically go to 0?
Hudson Green
where is the volume for DAI
William Edwards
DAI is honestly your safest bet. I just wish its volume wasn't so condensed on a few select exchanges.
Nicholas Wilson
Binance listing when?
Christopher Rodriguez
Can anyone explain what happens if I default on my CDP?
Like how does these Maker's determine risky loans, and what happens when they liquidate them?