Hmm sounds like this Ethereum/DeFi thing may actually have users?
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Just a few...
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But they told me nobody is using Ethereum
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I was told smart contracts will run on btc....
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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You mean Sai!
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Can someone quickly explain what was the reasoning behind hard capping Dai? I am not being ironic I simply don't know
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My guess is they wanted to control exposure and overall risk so put a number that seemed high enough at the time.
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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Will MCD initially have a hard cap as well?
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Yes, every type of collateral in MCD will have his own debt ceiling.
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609,000 DAI minted
Liquidation price: $81.70/ETH
CDP debt: 8,519,000 DAI
Total DAI Supply: 100M DAI
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