3 ms·
From the article: > Deus Finance reacted by halting the redemption process in order to try and stabilize the coin.
by paulgb 4y ago
From the article:
> Deus Finance reacted by halting the redemption process in order to try and stabilize the coin.
- out_of_protocol 4y agogood thing smart contract can be checked before buying any amount of that coin. Also, DAI exists, which don't have such downside
- FabHK 4y agoSo, UST was halted, DEI was halted, but DAI won't/can't be halted? Good to know.
- out_of_protocol 4y agoUST, USDT/USDC, DAI all use widely different methodology to keep themselves stable
- ck_one 4y agoDAI highly depends on USDC, ETH and BTC. If there is a bank run on DAI, they have to sell their collateral which leads to price drop in BTC/ETH which will make the situation worse. USDC, their other collateral, is controlled by a US company and therefore to some extend by the US government.