DAI is a decentralized stablecoin on the Ethereum blockchain, which uses smart contracts to maintain a value equal to one US dollar. DAI is supported and regulated by MakerDAO.
DAI
DAI is a decentralized stablecoin on the Ethereum blockchain, which uses smart contracts to maintain a value equal to one US dollar. DAI is supported and regulated by MakerDAO.
Paxos will increase the share of its USDP stablecoin in Maker's DAI Peg Stability Module (PSM). To facilitate this Paxos will transfer MakerDAO 45% of the income it gets from its own reserves on the deposited coins.
Paxos will increase the share of its USDP stablecoin in Maker's DAI Peg Stability Module (PSM). To facilitate this Paxos will transfer MakerDAO 45% of the income it gets from its own reserves on the deposited coins.
Decentralized stablecoin had added a stability support with centralized USDC reserve. After Tornado Cash ban this reserve can become a source of problems by itself.
