3 ms·
This suggests only 5% being backed by usdc: https://daistats.com/#/collateral https://daistats.com/#/collateral
by letier 5y ago
This suggests only 5% being backed by usdc: https://daistats.com/#/collateral https://daistats.com/#/collateral
- cdiddy2 5y agoThe last section, "Dai from PSM-USDC-A", is also USDC in the peg stability module.
- letier 5y agoTechnically still not 60%, but thank you for pointing this out! I was not aware of this. If i interpret this correctly, this could lead to a very high spike in interest for dai lenders on other collateral currencies, in case the usdc collateral goes bad.