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Of which one stablecoin that everybody knows is very unreliable is still alive and well. That's very likely to collapse too soon imo.
by cynusx 4y ago
Of which one stablecoin that everybody knows is very unreliable is still alive and well. That's very likely to collapse too soon imo.
- yieldcrv 4y agoRumors are swirling about USDC via Silvergate bank as well, which would be tragic and take down DAI too
- AlexandrB 4y agoThe way DAI has been explained to me, this is not likely to happen unless USDC transactions are frozen entirely. Otherwise there's just going to be a flood of USDC collateral liquidations from DAI.
- yieldcrv 4y agoYes that’s true, DAI should be able to handle mass liquidations very well. MIM has, and is similar technology If USDC exchange rate fell due to crisis of confidence, liquidations will occur fine.