3 ms·
Not really. It's just a way of measuring value more removed from any one nation's currency. You take the price, in DAI, of a bunch of historically stable priced
by rthomas6 8y ago
Not really. It's just a way of measuring value more removed from any one nation's currency. You take the price, in DAI, of a bunch of historically stable priced goods. Bread, tires, shoes, etc. Measure the averaged normalized variance in price over time for these goods in DAI. Then tune the economic incentives to make those variances stay at as close to zero as possible.
https://en.wikipedia.org/wiki/Consumer_price_index https://en.wikipedia.org/wiki/Consumer_price_index