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DAI is made by pegging on Ethereum. Ethereum is a volatile asset due to its limited supply. DAI is inherently volatile. Its peg can fail. No amount of algorithm
by dnprock 6y ago
DAI is made by pegging on Ethereum. Ethereum is a volatile asset due to its limited supply. DAI is inherently volatile. Its peg can fail. No amount of algorithm and automation can fix the problem. To be digital native, you need to accept some level of volatility. DAI promises the impossible. I wrote about this issue.
https://bitflate.org/post/2020/03/14/the-problem-with-dai.html https://bitflate.org/post/2020/03/14/the-problem-with-dai.ht...