What is MakerDao and Why DAI is the Best Collateral out there

Описание: DAI is a token with a money function that has a softpeg to USD.

It uses onchain collaterals to determine the value of Dai. DAI is used in many protocols due to its pegged value to USD. Dai is one of the most used collaterals in the #defi space.

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Disclaimer
This is not financial advice. Information shared is found publicly on the internet. All analysis and opinions are my own. The purpose of sharing the information is for education and knowledge sharing. The information shared is accurate at time of recording. Purchasing cryptocurrencies poses considerable risk of loss. Past performance does not indicate future results.


#makerdao #dai #defi