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That's assuming that USDC going under would not crater with WBTC and ETH, which is a naive assumption.
by rglullis 4y ago
That's assuming that USDC going under would not crater with WBTC and ETH, which is a naive assumption.
- charcircuit 4y agoThat would be tricky for DAI to handle even if USDC was not used as collateral.
- rglullis 4y agoYes, but compare with the likely scenario of Tether coming down. DAI may come out okay even if BTC goes down by ~50% and ETH by ~35%.