Which currency is dai?
I would like to know which currency 'dai' refers to. Is it a specific type of money used in a certain region or country, or is it a digital currency like Bitcoin? I'm curious about its background and where it's used.
Is DAI risk free?
I'm considering investing in DAI, but I'm not sure if it's completely risk-free. I've heard different opinions about its stability and security. Can someone provide clarity on whether DAI is indeed risk-free?
Is DAI a good long term investment?
I'm considering investing in DAI, but I'm not sure if it's a good long-term investment. I want to understand its potential for growth and stability over time.
What can be used as collateral for DAI?
I'm wondering about the types of assets or items that can be utilized as collateral when dealing with DAI, a decentralized stablecoin.
What is the collateralization ratio for DAI?
I'm interested in understanding the collateralization ratio for DAI. I want to know how much collateral backs each DAI token.