CryptoPioneer
Sun Oct 13 2024
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5 answers
456
Is DAI pegged to USD?
I'm wondering if DAI, a cryptocurrency, is pegged to the US dollar. I want to know if there's a fixed exchange rate between DAI and USD, and how it works.
BlockchainVisionary
Sun Oct 13 2024
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6 answers
1164
How does DAI stay pegged to USD?
I'm curious about how DAI, a cryptocurrency, maintains its peg to the US dollar. I want to understand the mechanisms and processes behind this stability.
GalaxyWhisper
Sun Oct 13 2024
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5 answers
1087
How reliable is DAI?
I want to know how reliable DAI is. I'm interested in its stability, trustworthiness, and overall performance as a cryptocurrency.
charlotte_clark_doctor
Sun Oct 13 2024
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6 answers
1234
How does DAI stay at $1?
I'm curious about how DAI, a cryptocurrency, maintains its value at exactly $1. I want to understand the mechanisms and factors that contribute to its stability.
Dario
Sun Oct 13 2024
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7 answers
1206
What is multi-collateral DAI?
Multi-collateral DAI, also known as Dai 2.0, is an upgraded version of the stablecoin Dai issued by MakerDAO. Unlike the initial version which only allowed ETH as collateral, Multi-collateral DAI enables users to utilize various types of tokens as collateral to generate Dai. This diversity in collateral options aims to increase Dai's stability, expand its issuance, and mitigate risks associated with single-collateral volatility.
