Review on Dai by Digital Convict
oh my DAI!
The volatility with its high profits and losses that speculation "Anchored to any Factor" can cause, is something that lovers of cryptocurrencies like.
For all those who do not want to run with scissors, the creators of Makerdao developed on 2019: DAI, a "Stable Currency" that really means: Anchored to the dollar.
Built on the BC of ETH; Is decentralized, has cientific governance and it is PoS; Which means you can earn DAI by having DAI;
That more is more, because the more you have, the more you get. And with this, vote to influence on decisions if you have a MKR Token.
It can be found on more than 100 exchanges with all types of pairs.
When the market is down and you don't want to take risks, DAI is a safe haven of value not to be missed. You can deposit your investment in it and wait safely for the next move.
The value of the entire DAI is backed by a surplus, previously deposited and individually in ETH SC available to any person or audit and the governance protocol has controlled risk parameters.
You can check the Whitepapper to make sure that with DAI, there is nothing to fear.
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Pros
- Peged to dollar
Cons
- Dollar peged
New products
Comments (1)
November 04, 2020
It is a good stable currency, if we do not want to lose our cryptos due to the volatility they have (especially BTC) it is best to convert them to USD or some stable currency and then if it is required to return it to the cryptocurrency that we like, although we can also carry out transactions using stable coins.
