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That's why DAI isn't really an algorithmic stable coin. Overcollateralized stable coins really belong in their own category. That's not too say that DAI is saf
by wtracy 4y ago
That's why DAI isn't really an algorithmic stable coin. Overcollateralized stable coins really belong in their own category.
That's not too say that DAI is safe, but any sort of algorithmic stable coin faces massive systemic risks unique to their design.