I thought dai would continuously be bought and used to liquidate positions as the price drops. I.e. if someone mints 100 dai with 150 worth of ETH and the pric

I thought dai would continuously be bought and used to liquidate positions as the price drops. I.e. if someone mints 100 dai with 150 worth of ETH and the price of ETH drops then anyone can acquire dai and use that dai to access the collateral. Through that mechanism the supply of dai should contract not the spot price. The bigger worry is that they allow minting Dai from USDC which could freeze their assets