Review on Single Collateral DAI by Pedro O. Alvino M.
A reliable project
As the volatility of the market is prensents, assets that protect and protect the investment of some operators are necessary because the stable currencies are some of them, such as Dai, which MakerDAO company behind Maker, a smart contract platform designed to support and stabilize the Dai value.
Where anyone with Ethereum assets can take advantage of them to generate Dai on the Maker platform through smart contracts known as Secured Debt Positions or CDPs.
Suffice it to know that Dai faces tough market players as is Tether who is the leader in stable crypto assets.
Pros
- Cryptocurrency backed with guarantee.
- Offers investment support due to market volatility.
- It offers fast transfers and stable prices.
Cons
- Despite offering financial support, its use is not established to promote long-term gains.
- It is not the only stable cryptocurrency in the market
