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According to paragraph 3 of TFA it's not collateralized similarly > Other on-chain stablecoins like DAI are over-collateralised. For every $1 of DAI, there’s ~
by RaketenStadt 5y ago
According to paragraph 3 of TFA it's not collateralized similarly
> Other on-chain stablecoins like DAI are over-collateralised. For every $1 of DAI, there’s ~$1.75 worth of crypto assets in the DAI system.
- sanderjd 5y agoThank you! That's the critical fact that I missed!