RE: Crypto Academy Week 6 Homework Post for @yohan2on Stablecoins

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Crypto Academy Week 6 Homework Post for @yohan2on Stablecoins

in hive-108451 •  4 years ago 

Hi @ljhaytorres

Thanks for attending the 6th Crypto course and for your effort in doing the given homework task.

Feedback

Due to the success of MakerDAO, DAI has been made into a non-collateralized stable coin.

Is that true?

DAI is rather a collateralized Stable coin. In fact, it's over collateralized by combining coins like $Eth and $MKR in order to ensure its price stability.

Otherwise, this is good work. Well done with your research study on DAI

Homework task
7.5

hive-108451
4 years ago by

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      ·  4 years ago 

    Thanks a lot for the review! I guess that was a mistype, should be collateralized and not "non". Thanks for the guidance!

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