Is DAI risk free?
I'm considering investing in DAI, but I'm not sure if it's completely risk-free. I've heard different opinions about its stability and security. Can someone provide clarity on whether DAI is indeed risk-free?
Is DAI a good long term investment?
I'm considering investing in DAI, but I'm not sure if it's a good long-term investment. I want to understand its potential for growth and stability over time.
What can be used as collateral for DAI?
I'm wondering about the types of assets or items that can be utilized as collateral when dealing with DAI, a decentralized stablecoin.
What is the collateralization ratio for DAI?
I'm interested in understanding the collateralization ratio for DAI. I want to know how much collateral backs each DAI token.
Why do people use DAI?
People use DAI because it offers a stable and decentralized alternative to traditional fiat currencies. DAI maintains its value through a collateral-backed system, providing users with a reliable medium of exchange for transactions and a store of value within the Ethereum ecosystem.