Is staking DAI safe?
I'm considering staking DAI to earn some passive income, but I'm not sure if it's completely safe. I've heard about the risks involved in staking cryptocurrencies, so I want to know if staking DAI specifically is a secure option.
Is DAI backed by USDT?
I'm wondering if DAI, the decentralized stablecoin, is actually backed or supported by USDT, another popular stablecoin. I want to understand the relationship between these two cryptocurrencies.
What type of collateral does DAI use?
I'm curious about the collateral that DAI relies on. I want to understand what kind of assets or mechanisms are backing this stablecoin to maintain its value.
How is DAI pegged to USD?
I want to understand how DAI is pegged to USD. I'm curious about the mechanism and process behind this pegging, and how it ensures DAI's value remains stable relative to the US dollar.
Can I send DAI to Coinbase?
I'm wondering if it's possible to transfer DAI, which is a type of cryptocurrency, to my Coinbase account. I'd like to know if Coinbase supports DAI transactions before I attempt to make the transfer.