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People would very loudly insist that DAI cannot possibly fail and that it's not like all those other stablecoins that failed and this time it will be totally di
by cuteboy19 4y ago
People would very loudly insist that DAI cannot possibly fail and that it's not like all those other stablecoins that failed and this time it will be totally different.
Then the peg would break
- scotty79 4y agoI was hoping for more detailed, more technical scenario that takes into account the specifics of the protocol.
- AlexandrB 4y agoThere's a good comment in a previous crypto thread on this: https://news.ycombinator.com/item?id=31414217 https://news.ycombinator.com/item?id=31414217 Basically DAI might break peg if the backing assets became illiquid (no buyers).