Cryptocurrency Q&A
What is the collateralization ratio for DAI?
What is the collateralization ratio for DAI?
emma_lewis_pilot
Tue Oct 29 2024
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7 answers
1499
I'm interested in understanding the collateralization ratio for DAI. I want to know how much collateral backs each DAI token.
7 answers
HanbokGlamourQueen
Thu Oct 31 2024
DAI is a digital currency issued by the Maker Protocol.
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Bianca
Thu Oct 31 2024
It is accessible to anyone who is willing to lock collateral in a specified ratio.
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TopazRider
Thu Oct 31 2024
The collateralization ratio required by the Maker Protocol is 150%.
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CloudlitWonder
Wed Oct 30 2024
This means that for every unit of DAI issued, 1.5 units of collateral must be locked.
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Lorenzo
Wed Oct 30 2024
The collateral can be provided in various cryptocurrencies, including ETH and USDC.
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