3 ms·
On the other hand DAI fluctuates between 0.999 and 1.001 all the time. Is it not "stable". I am no fan of tether, but small fluctuations like this have always
by zionic 4y ago
On the other hand DAI fluctuates between 0.999 and 1.001 all the time. Is it not "stable".
I am no fan of tether, but small fluctuations like this have always been normal for "stable coins".
- SilasX 4y agoThat’s the point. Dai goes below and above $1. Tether has stuck below $1. That’s an important difference. Longer comment: https://news.ycombinator.com/item?id=31449400 https://news.ycombinator.com/item?id=31449400
- retcon 4y agoThis might be fine in a open regulated market. See my above comment.
- retcon 4y agoThis is why in regulated markets you can inspect the ticker: to provide a audit record for proof that nobody is funding themselves or the asset by arbitrage.
- rglullis 4y agoDAI has been designed to be soft-pegged. It is meant to fluctuate around the $1 mark, but it never guarantees any kind of parity.