Nick Tomaino on Dai

a photo of crypto expert reviewer Nick Tomaino

Nick Tomaino is a co-founder and general partner of 1confirmation, an early-stage crypto fund. He previously worked in business development at Coinbase.


expert reviewed cryptocurrency Dai logo

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


Dai reviews by Nick Tomaino

๐Ÿ”‘ 2 positive | ๐Ÿ’ฉ 0 negative


  • ๐Ÿ”‘

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

    2018-06-17 | Full Review


  • ๐Ÿ”‘

    Still early on "work tokens" but favs thus far are MKR (workers provide backstop on CDP & vote on decisions) & REP (workers report outcomes)

    2017-07-05 | Full Review

More Nick Tomaino reviews

Compare Nick Tomaino's Dai reviews with other coins.


Monero (symbol XMR) is the current leader of the privacy-focused digital currencies.

2017-01-03 | Full Review


The success of Tether, despite severe flaws in centralization and lack of transparency, is the only rebuttal necessary. Thereโ€™s strong demand from the crypto community for a decentralized stablecoin; that is undeniable.

2017-12-16 | Full Review


0x is a great project, there is a lot of hype around it though. Wouldnโ€™t call it underrated

2018-06-03 | Full Review

See all Nick Tomaino reviewsโ€”>

More Dai reviews

Compare Nick Tomaino's Dai reviews with other expert reviews of Dai.


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

2018-05-21 | Full Review


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


Synthetic assets have existed for a long time and it's clear that they work, modulo the tradeoff between tail risk and capital inefficiency. That's all stablecoins are....DAI is about getting exposure to the dollar without holding it.

2018-04-21 | Full Review

See all Dai reviewsโ€”>