Review on Dai by LUIS RIVERO R
Makerdao stable token.
This stable token is backed by public contracts, anyone can issue the amount of DAI they require as long as they have digital assets with which they can back their assets
The main attraction of this project is the "algorithm" that maintains the stable price of DAI, in theory they are automatically executed to maintain the value of the token at $ 1, burning or issuing assets if necessary, all this automatically.
In general, this project has good decentralization characteristics, since any user can use DAI regardless of their location, making it an asset for everyone, avoiding ties that can be had with currencies backed with fiat since they tend to depend on government agencies that really govern the emición of the same allowing limitations.
The main problem is that it is only issued on the Ethereum chain and some decentralized exchanges are available on other chains, in addition, the transfer fees are usually high on some occasions.
Pros
- Good market capitalization with a high volume of daily transactions.
- Stable token, anchored at the price of the dollar 1USD = DAI.
- It has internal utility within makerdao.
- Guarantee of this project is backed by public ETH contracts.
Cons
- There is no reserve of fiat money.
- Some countries are limited for the service of loans something that is not raised.
