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It would be a very long post to go through it all, but suffice it to say it incentivizes other people to maintain the peg through bribing them with potential re
by idiotsecant 5y ago
It would be a very long post to go through it all, but suffice it to say it incentivizes other people to maintain the peg through bribing them with potential rewards. There is no person at MakerDAO printing new DAI like would occur with tether. The system prints and destroys DAI based on individual users acting selfishly seeking profit. The people using the system keep the peg non-altruistically. It's really quite a clever idea.