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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
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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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Thats circular reasoning- keeping a valueless protocol solvent is not in and of itself valueable
I ask again, besides to offer a trading pair to frax and wormhole ust, what purpose does wrapped usdc serve?
I say none
Exactly my point! It was done as a last ditch effort, orchestrated by the TradFi VCs with ties to Circle… the funniest part about it is the ETH-maxis who preach nothing but decentralization, yet are fine with all of Ethereum defi running on fiat-coins Circle and Tether
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don't waste your valuable time for those losers boss. The fact that they are attacking us like jealous cowards show that we have already won. $ETH is playing the defense now. And we know what happens next 😏
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How is it going with you fren?
It’s a leverage instrument like every other cdp stablecoin ser. Except dai is poorly executed , almost as if they got lazy and said fuck it we’ll just be wrapped usdc .
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50x leveraged wrapped usdc. Reeee
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They're doomed ser. If you think you're better. Become the best
Some things in life are just pointless, DAI is one of those things, similar to a 🪳 I guess.
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