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What if they think DAI is going to go to $0?
by thehappypm 5y ago
What if they think DAI is going to go to $0?
- darcys22 5y agoThen they would be able to get their ethereum collateral back for free
- stepanhruda 5y agoSure, if more people who hold DAI thought it would than it wouldn’t, it would be a problem. At this point there are so many arbitrage bots and protocols on top that it won’t even budge to 0.95 though, because this incentive balance has proven to be solid. The main downside really is that it’s overcollateralized by assets in 2x or so value.