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> Algorithmic stablecoins are not a good idea. See: Luna/Terra. DAI is not an algorithmic stable coin. (1) While DAI is based on smart contracts it is backed b
by G3rn0ti 4y ago
> Algorithmic stablecoins are not a good idea. See: Luna/Terra.
DAI is not an algorithmic stable coin. (1) While DAI is based on smart contracts it is backed by a mixture of other cryptos and stable coins (not Tether but USDC, IRC). If you really want to keep money in the form of stable coins please use either DAI or USDC and not Tether.
(1) https://kriptomat.io/cryptocurrencies/dai/what-is-dai/ https://kriptomat.io/cryptocurrencies/dai/what-is-dai/