Is DAI backed by USDC?
I'm curious about the relationship between DAI and USDC. Specifically, I want to know if DAI is backed or supported by USDC in any way. Can someone clarify this for me?
What is the DAI collat ratio?
I'm trying to understand the DAI collat ratio. I want to know what it is and how it works within the DAI system. Can someone explain this to me in simple terms?
Is DAI truly decentralized?
I'm exploring the concept of DAI and its decentralization. I want to understand if DAI really operates in a decentralized manner or if there are any centralizing factors at play.
Is DAI over collateralized?
I've been hearing a lot about DAI and its collateralization. I'm curious if DAI is currently over collateralized, and what that means for its stability and value.
Is DAI fully decentralized?
I'm interested in understanding whether DAI, a cryptocurrency that I've been hearing about, is completely decentralized. I want to know if it operates independently from any central authority or not.