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The 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 U
by AlexandrB 4y ago
The 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.