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My money is on $DAI
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No fucking way..!!!!
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Only an ETH maxi would bet on something he has already lost
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Protocol running 3.6m / mo surplus or 100m / mo deficit. Choose your fighter.
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In the past month Terra's UST has had to spend 100m to maintain its peg. Current burn rate is 4m / day and increasing.
By contrast Maker's DAI has earned the protocol 3.6m in the past month.
One of these is sustainable.
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The market literally has
You should too, I worry about your family
Not to be a dick, but seriously, looking to learn
What is the point of wrapping USDC
I can’t figure it out - please enlighten me
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To keep your protocol solvent
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Would be easy to pump up MKR too with a 500m cash giveaway. We are interested in sustainability not vanity metrics.
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Resisting a drop to 0 because the token is valueless is not a vanity metric, its called survival.
Further, seems like the market does not value the survival of Maker - i think the market is asking the same question:
“Why the literal fuck would you wrap USDC?”
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Certainly not risk adverse with respect to centralization and censorship risk, given >50% of DAI is backed by USDC. Not very bankless bro
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Do, man, the real thing that’s about to die is your phone 😭
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Real mfs always living on the edge
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