How is DAI collateralized?
I want to understand the collateralization process of DAI. How does it work and what assets are used as collateral to back the DAI stablecoin?
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.
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.
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.
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.