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Dai

MakerDao is the company behind Dai, a stablecoin. One DAI is pegged to 1 USD.

Stablecoin

πŸ”‘ 65%

Reviews for Dai

πŸ”‘ 15 positive | πŸ’© 8 negative

πŸ”‘

The collateralized model (e.g. MKR, and not Tether) is fundamentally hard to argue against.

2018-05-21 | Full Review

πŸ’©

Maker and Dai. Dai users return capital to MKR owners through the burn mechanism. At this point, the value of MKR (the derivative) is about 18x the value of Dai (the underlying). Channelling my best Matt Levine here: "This seems... wrong."

Nic Carter, Partner at Castle Island Ventures and Co-creator of Coinmetrics

2018-05-11 | Full Review

πŸ’©

Let's talk about today's MakerDAO / a16z announcement. for those who missed it, a16z's crypto fund bought 6% of Maker tokens for $15M, at a 25% implied discount to the current price of MKR....I'm sure people think this is a great sign for the project - being able to recruit high quality capital. but, i think this is a massive failure in governance and project management.

2018-09-24 | Full Review

πŸ’©

Dai is backed by collateral (currently ethers). In fact, it is overcollateralized. The obvious risk is that if the collateral becomes worthless then Dai becomes worthless.

2018-05-20 | Full Review

πŸ”‘

MakerDAO is more than a stablecoin project. Trustless margin trading provides public information previously only accessible to exchanges

2018-06-17 | Full Review

πŸ”‘

If you want full crypto-decentralization, DAI still exists and works great.

2018-10-23 | Full Review

πŸ’©

DAI is interesting but I don't think they are quite there yet. I had a chat with one of their devs over coffee a couple of weeks ago. I said that as CDPs are essentially banks, they need to think a bit more about what makes banks stable (or unstable).

2018-05-30 | Full Review

πŸ”‘

We do think [a stablecoin like Dai] is a really important idea, to have a coin pegged to something like the U.S. dollar in order to make the experience more mainstream and accessible, [versus a world rife with] these volatile coins. We think it’s such an important piece of infrastructure that there could be multiple winners.

2018-06-25 | Full Review

πŸ”‘

MakerDAO or something like it will be big. Crypto needs a central bank that's crypto native.

2018-11-15 | Full Review

πŸ’©

Reminder: the DAI stablecoin's "stability" has failed, in the past, when bots stop functioning. Its gravity-defying character amidst a massive price collapse when the whole market is looking for liquidity makes little sense.

2018-12-07 | Full Review

πŸ”‘

A zero knowledge DAI implementation working live on the main chain: https://github.com/AztecProtocol/AZTEC …
Programmable, private, stable. We're slowing approaching the holy grail of currencies.

2018-11-30 | Full Review

πŸ”‘

DAI doesn't scale through arbing.

It scales b/c of a killer app: loans.

I can borrow $10,000 for a year and only pay 50 bucks in fees to do it.

Plus I don't have to sell my assets (e.g. ETH).

For most people there is nowhere on planet earth where you can get a loan that cheap.

2019-01-08 | Full Review

πŸ”‘

Dai survived one of its most significant tests in 2018. β€œCan Dai survive a market crash?” Asked and answered. Dai survived the 94% drawdown in ETH, and the move from a single-collateral to multi-collateral model should accelerate its adoption in 2019.

2019-01-14 | Full Review

πŸ”‘

Credit has greased economic wheels for millennia, and Maker is the world’s first 100% software-based, community owned and operated credit facility. As a family of smart contracts operating on Ethereum, the system offers secured loans of equal cost to anyone in the world. The by-product of loan generation is dai, a stablecoin collateralized using on-chain rules and assets.

2019-01-23 | Full Review

πŸ”‘

Daiβ€Š [is] β€Šan asset-backed, hard currency and the first decentralized stablecoin on the Ethereum blockchain. Effectively, the stablecoin is backed by over-collateralizing the system with other crypto-assets. Despite blathering by bloggers, Dai remains valued at one US dollar, thereby retaining its peg.

Joey Krug, Co-Chief Investment Officer at Pantera Capital

2019-01-08 | Full Review

Stablecoin comparison

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