Questions Categorized Under

CryptoLordGuard Mon Oct 28 2024 | 7 answers 2060

Why do people use DAI?

People use DAI because it offers a stable and decentralized alternative to traditional fiat currencies. DAI maintains its value through a collateral-backed system, providing users with a reliable medium of exchange for transactions and a store of value within the Ethereum ecosystem.

Chiara Mon Oct 28 2024 | 7 answers 2152

Is DAI fully collateralized?

I'm wondering if DAI, the decentralized stablecoin, is fully collateralized. I want to understand if its value is fully backed by other assets in the system.

Caterina Mon Oct 28 2024 | 0 answers 0

Is DAI or USDT better?

I'm trying to decide between investing in DAI or USDT. I want to know which one is better in terms of stability, liquidity, and overall reliability as a cryptocurrency. Can someone help me understand the differences and make a recommendation?

Sara Mon Oct 28 2024 | 8 answers 1216

What collateral does DAI use?

I'm interested in understanding the collateral that DAI, a decentralized financial product, utilizes. I want to know what assets or mechanisms back the DAI stablecoin to maintain its value.