Do Kwon's folly - Dai was never going to die. Here's why

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The Defiant - DeFi, Web3 & NFT Insights

2 жыл бұрын

"Dai is a stablecoin implemented as an ERC20 token on the Ethereum blockchain. Designed to maintain 1:1 parity with the US Dollar its value is backed by collateral which is locked up in a smart contract, the Maker collateral vault."
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Пікірлер: 23

@aurinator 2 жыл бұрын

The Dai Savings Rate on Oasis was calculated in real time, and at least I thought that was extremely cool Eye Candy on it, so was saddened by its discontinuation.

@ba4078 2 жыл бұрын

FYI - Tether website came after the present Maker website, which was launched around the time of MCD (November 2019).

@gutzz12 2 жыл бұрын

Dai nevar daii

@davetheserious677 2 жыл бұрын

pro tip. you can short with loans too. borrow against you eth, immediately swap to stables, wait for your desired price action to occur, repay loan, profit the difference.

@iantgilbert66 2 жыл бұрын

Would it be possible to do a piece on GBP stablecoins? The two I know are TGBP and sGBP. TGBP is a asset backed stablecoin whilst sGBP is an overcollateralised one (like DAI) on the synthetix platform. I'm not sure if there are any more. The two have slightly different use cases (I think) with TGBP being good for paying providers as it can be settled out to fiat very easily. sGBP (IMO) would be better suited to liquidity and trading. Trust Token (the makers of TGBP) also do a CAD, HKD and AUD product.

@RENKOEAMT4 2 жыл бұрын

Dai is the only stable coin even usd collapse

@Tsar_Alexander 2 жыл бұрын

Nice video! Would love for you to talk about xDaiPunks soon 🔥 😄

@chcamporezi 2 жыл бұрын

Barz

@macauleyp1950 2 жыл бұрын

Wait, it wasn’t named after Wei Dai the cryptographer and creator of b-money?

@jamesking-nickol3590 2 жыл бұрын

Hey Robin, how come we don't see you or The Defiant on RV anymore? Very much missed bud :'(

@dc1948 2 жыл бұрын

Bean is coming back soon. Credit base stabelcoin looks promising I must say..

@Philson 2 жыл бұрын

DAI was a great v1 concept. But now there is also Alchemix.

@andanssas 2 жыл бұрын

Yes, he talked about that in his interview in the _Ledger_ podcast. Was wondering how it evolved and how it compares to the demo here.

@abeidiot 2 жыл бұрын

anyone who says holding overcollateralized stable is the same as holding centralized stable is [redacted] or speaking their bags. Unless of course, you want the stability to be mechanism based and not usd based like RAI, you'd always need a buffer of the real thing

@josephjoseph-wl7gi 2 жыл бұрын

hello my name is candy from bitbank

@patmurphey2121 2 жыл бұрын

When you over collateralize a stable with a centralized stable coin I'd argue it is a failure. Mine as well hold USDC.

@Chris-cx7zk 2 жыл бұрын

No, its still better because USDC/Circle/Gov would have to freeze all USDC inside the vaults, which is a difficult decision for them to make. If they ever do make it then MKR will be printed as a last resort to shore up the bad debt in the system.

@Chris-cx7zk 2 жыл бұрын

Dai itself can't be frozen so its still better to use Dai than USDC itself.

@patmurphey2121 2 жыл бұрын

@@Chris-cx7zk freezing USDC held by DAI makes DAIs collateralization not 2 to 1 creating bad debt. Better models out there. Educate your self on Acalas aUSD.

@wolffeatherdancer 2 жыл бұрын

USDC relies on a percentage of US treasury bonds. They also recently changed their policy to say they can change the rules without a moment's notice, so I don't trust the use of USDC anymore.

@patmurphey2121 2 жыл бұрын

The really off key part is AI God wants his money now. He is a sore winner.

@longboicapital 2 жыл бұрын

Are you kidding? It’s impossible for Luna Classic to get to $80, let alone $1. The time value of money is a real thing. Obviously he wants his payout. Do Kwon is a sore loser as he won’t allow it.

@patmurphey2121 2 жыл бұрын

@@longboicapital cobie is holding the funds to the terms agreed. This is how it should be done. AI God won the pissing contest. Now he needs to wait to the terms he set.