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Author Topic: Dai Stablecoin  (Read 642 times)
ulhaq
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May 02, 2018, 05:43:06 PM
 #1

Came across this purported stablecoin Dai:
https://makerdao.com/whitepaper/DaiDec17WP.pdf

Only, like others, I do not see how it is sustainable or a good idea.

Ether (and other cryptocurrencies in the future) is locked into a smart contract and held as collateral. However, if the value of ether plummets, then there will not be enough collateral to cover the 1.00 USD price of Dai. They describe 2 other mechanisms to stabilize the price, but in a falling market, none of them will be sufficient.

The Bank of England learned in 1992, the hard way, that their peg could not be maintained. Why do these crypto companies think that they can achieve it?
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jjbanks994
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May 24, 2018, 08:30:58 PM
 #2

Not the biggest fan of maker. You should read this article about stablecoins: https://www.forbes.com/sites/shermanlee/2018/03/12/explaining-stable-coins-the-holy-grail-of-crytpocurrency/#16a8a1c04fc6

My personal favorite is Havven. https://havven.io/
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June 01, 2018, 02:38:04 AM
 #3

Hello Dai believers,

Our aim is to add value to the whole crypto community by giving the best user experience to analyse cryptocurrencies.

It would be really great help from your side if you can spend 60 seconds of your time and give us your valuable feedback for our two recent updates 1) Snapshot and 2) Colourful interface of Dai at: https://cointopper.com/coin/dai

Constructive criticisms are always welcome at CoinTopper.  Thank you!!
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June 16, 2018, 09:15:13 AM
Last edit: June 16, 2018, 09:31:07 AM by CryptoCoin101
 #4

The Bank of England learned in 1992, the hard way, that their peg could not be maintained. Why do these crypto companies think that they can achieve it?

Quick link: https://en.wikipedia.org/wiki/Black_Wednesday
Bytem3
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September 24, 2018, 08:19:02 PM
 #5

MakerDAO just got a $15 Million investment from a crypto fund:

https://coincodex.com/article/2390/makerdao-receives-15-million-investment-from-a16z-crypto-fund/

Best way to LONG/SHORT Bitcoin. Up to 66x leverage. Register on BitMax now!
Wibizza
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October 19, 2018, 10:50:06 AM
 #6

The Dai Stablecoin is set at the value of one US Dollar, built on Ethereum and developed by MakerDao team, can be created through depositing Ether into contract-smart and therefore always fully guaranteed. The requirements for stablecoin that allow low risk arbitration between different cryptocurrency exchanges.
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December 19, 2018, 12:26:40 PM
 #7

Dai got listed on Coinbase Pro.

https://coincodex.com/article/2775/coinbase-pro-lists-mkr-zil-dai-and-gnt/
Dinmazsae
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March 22, 2019, 02:59:21 PM
 #8

Dai is a hard currency supported by assets for the 21st century. Stablecoin was first decentralized on Ethereum blockchain.
Dai is a reliable source of stability in the face of volatility. Every Dai is backed by collateral at any time, so you don't have to worry about value going up or down.
Dai stands to change the financial industry by creating a stable and decentralized currency that will enable businesses to realize the future of money.
CoinCodex
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May 07, 2019, 07:32:39 AM
 #9

MakerDAO increased the stability fee to a staggering 19.5% in an attempt to fulfill DAI's role as a dollar-pegged stablecoin.

https://coincodex.com/article/3543/makerdao-increases-stability-fee-to-195-in-effort-to-bring-dai-to-its-fiat-peg/
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May 07, 2019, 07:51:14 AM
 #10

I have read the DAI actually an old project, even before crypto appeared,
but after crypto appeared DAI began to become part of crypto and became a stable coin,
but how about DAI is one stable coin that uses source eth.
igorttomic
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June 03, 2019, 09:31:48 PM
 #11

DAI Token Integrated For Tipping on Publish0x: https://www.publish0x.com/publish0x-official-blog/dai-token-integrated-for-tipping-on-publish0x-xryydn

Check out Publish0x BitcoinTalk ANN here. Publish0x is a crypto agnostic publishing platform on which both authors and readers earn crypto. Connect via Telegram - http://t.me/Publish0x
deebawriter
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September 10, 2019, 08:53:49 PM
 #12

DAI news is published by btcmanager   https://btcmanager.com/swandai-hedging-dai
Ilaya
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September 13, 2019, 04:30:22 PM
 #13

(DAI) is a USD-pegged stablecoin based on the Ethereum blockchain, and has no brought together expert. Its $1 USD proportionate is kept up through programmed evaluating components incorporated with brilliant contracts. At the point when Dai is worth more than $1, the savvy contract evaluating instruments attempts to diminish the cost. On the other hand, when Dai is worth beneath $1, the brilliant contract valuing components attempts to expand the cost. Dai can be unreservedly exchanged like some other ERC20 token, and anybody with an Ethereum wallet can possess, acknowledge, and move it without a broker.
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September 27, 2019, 05:12:23 AM
 #14

(DAI) is a USD-pegged stablecoin based on the Ethereum blockchain, and has no brought together expert. Its $1 USD proportionate is kept up through programmed evaluating components incorporated with brilliant contracts. At the point when Dai is worth more than $1, the savvy contract evaluating instruments attempts to diminish the cost. On the other hand, when Dai is worth beneath $1, the brilliant contract valuing components attempts to expand the cost. Dai can be unreservedly exchanged like some other ERC20 token, and anybody with an Ethereum wallet can possess, acknowledge, and move it without a broker.

The minimum ratio is 150%, so for every 1 DAI I get, I have to put in a minimum of 1.5 USD worth of ETH, and much likely more (say 1:3 USD so that unless ETH falls 50% my position is protected). I don't want to get liquidated because anything 1.499999 will have your ETH liquidated to protect the peg, and you will be charged 13% as the liquidation penalty.

What I don't understand is the stability fees of 12.5% per annum, I do not know what this is for, and how we are charged.
mich
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December 05, 2019, 06:54:57 AM
 #15

AirSwap Offers Up to $20,000 For Its Bug Bounty

Ethereum (ETH) decentralized exchange protocol AirSwap announced that it is running a  bug bounty program with rewards up to 20,000 DAI (worth $20,000). It begins now and continues indefinitely.


https://cointelegraph.com/news/airswap-offers-up-to-20-000-for-its-bug-bounty

tonyvo2017
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December 05, 2019, 07:09:09 AM
 #16

Came across this purported stablecoin Dai:
https://makerdao.com/whitepaper/DaiDec17WP.pdf

Only, like others, I do not see how it is sustainable or a good idea.

Ether (and other cryptocurrencies in the future) is locked into a smart contract and held as collateral. However, if the value of ether plummets, then there will not be enough collateral to cover the 1.00 USD price of Dai. They describe 2 other mechanisms to stabilize the price, but in a falling market, none of them will be sufficient.

The Bank of England learned in 1992, the hard way, that their peg could not be maintained. Why do these crypto companies think that they can achieve it?
Although you feel quite similar to other stablecoins, DAI is really making a difference. The first thing is that the transaction fee is very cheap and this is one of the things that users love when using DAI and trading it. Besides, it is being used to allocate money to bloggers in Steemit. it works great and it also has an ICO policy for the projects they support. Investors can pay back at any time and only need to pay a fee of about 16%. You can read it on the DAI main page.

mich
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December 17, 2019, 10:01:42 PM
 #17

OKEx Debuts Dai Stablecoin Staking Bonus as Tether Dwarfs Volumes

Malta-based cryptocurrency exchange OKEx has added support for a new feature that allows users of stablecoin Dai (DAI) to earn interest by staking their holdings.

https://cointelegraph.com/news/okex-debuts-dai-stablecoin-staking-bonus-as-tether-dwarfs-volumes

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December 24, 2019, 04:54:02 PM
 #18

REINNO unleashes interest-earning Dai accounts

Connecticut-based FinTech REINNO has partnered with MakerDAO and integrated its protocol to offer investors the opportunity to earn fixed interest on Dai stablecoin.

https://ibsintelligence.com/ibs-journal/ibs-news/reinno-unleashes-interest-earning-dai-accounts/


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January 03, 2020, 05:31:43 AM
 #19

DAI is really a good alternative to USDT. However, DAI requires to finish the migration from SAI to be more stable in integration with third-party services
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January 03, 2020, 05:48:01 AM
 #20

UNO is really a good alternative to USDT.

Runs on SHA256.

Backed by fact of time past, not unproven.

#HASH# stupid! https://bitcointalk.org/index.php?topic=5201006 
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