Do Kwon’s Folly – Dai Was Never Going to Die. Here’s Why

“Dai is a stablecoin implemented as an ERC20 token on the Ethereum blockchain. Designed to maintain 1:1 parity with the US Dollar its value is backed by collateral which is locked up in a smart contract, the Maker collateral...

By Robin Schmidt
May 31, 2022
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Do Kwons folly Dai was never going to die. Heres why

“Dai is a stablecoin implemented as an ERC20 token on the Ethereum blockchain. Designed to maintain 1:1 parity with the US Dollar its value is backed by collateral which is locked up in a smart contract, the Maker collateral vault.”

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