Longhash: MakerDAO increases reliance on average assets.

2020-10-10 18:45
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Longhash said in a statement that MakerBurn.com, the website that tracks MakerDAO, announced on October 3 that 358 million DAI out of 866 million DAI in circulation was generated by USDC deposits. There are also tens of millions of DAIs developed by WBTC, USDT, PAX, and these funds can be frozen by admin address. This means that more than half of all DAI transactions are generated by cryptocurrencies which may be devalued or frozen by the middle class. For MakerDAO, this problem is systemic because DAI is flexible. All DAIs are the same even though tokens are created. MakerDAO builds confidence in the belief that intermediaries will not restrict or monitor transactions associated with DAI loans.

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2020-10-10 18:46