Arianna
Sat Oct 19 2024
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6 answers
925
Has WBTC ever depegged?
I'm curious if WBTC, which is supposed to be pegged to the price of Bitcoin, has ever experienced a depegging event where its value decoupled from that of Bitcoin.
Carolina
Thu May 16 2024
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6 answers
1510
Why is DAI depegged?
I'm puzzled, why has DAI decoupled from its peg? This seems to contradict the fundamental stability mechanisms designed into its protocol. DAI, as a decentralized stablecoin, is meant to maintain a one-to-one peg with the US dollar, but recently it's been trading at a significant deviation. Could this be due to the volatility in the underlying collateral assets? Or is it a result of market sentiment, perhaps in response to broader cryptocurrency market fluctuations? I'm curious to know if there are any specific events or factors that have led to this decoupling. It would be helpful to understand the reasons behind this deviation and what, if any, measures are being taken to restore DAI's peg.
Michele
Thu May 16 2024
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5 answers
849
Has DAI ever depegged?
Has DAI ever depegged? This is a question that often comes to mind for those interested in the intricacies of the cryptocurrency world. DAI, being a stablecoin, is designed to maintain a pegged value, typically to the US dollar. However, the volatile nature of the crypto market and the complex mechanisms underlying DAI's stability can sometimes lead to unexpected deviations. So, has DAI ever deviated from its pegged value? This is a crucial question to ask, especially for investors and traders who rely on DAI's stability for their financial strategies. Understanding DAI's historical performance in maintaining its peg can provide valuable insights into its reliability and potential risks.
