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Got it. I should shoot for 6. 🤝
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There are currently 5.1 billion USDC and 499 million USDP in the PSM as reserves for Dai’s liquidity. Dai peg 🤝 You can swap Dai for 1 US dollar at any time.
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Joking by the way. On a side note, one should never care about 1) things that don't matter and 2) things one cannot change If MakerDao doesn't believe DAI stability is at risk (I agree with them) 1) applies and they should just not care
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4pool goal is definitely not to destabilize dai - it is to make it less relevant, for which tbh it needed none of my help And missing the boat on utility while overallocating on collateralization is why Maker got to where they are in the first place
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Are we doing charts? I have a lot more money from where the YR came from, I also suspect MKR has a lot more dump left 🤝
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ust now at $16B. those of you in the old school who believe this is a bubble simply have not understood the new mathematics of the blockchain, or did not care enough to try. bubbles are mathematically impossible in this new paradigm. so are corrections and all else
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