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46% of DAI holdings are USDC. You might as well use USDC at that point.
by captn3m0 5y ago
46% of DAI holdings are USDC. You might as well use USDC at that point.
- whimsicalism 5y ago1. They can sell MKR to make up for any shortfall, so the risk isn’t mostly to the Dai holders 2. If USDC goes to 0, then Dai has 50 cents backing, USDC has 0. Definitely not ideal to have such high exposure to one coin though