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by chrisco255
2986 days ago
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In this case, they do. DAI's system is run entirely on the blockchain. It's auditable and decentralized. The biggest risk to DAI is if the value of the collateral crashed below the amount of DAI in circulation. The system has incentives in place to prevent this from happening. I'm not saying it's bullet proof, but I think it's a highly resilient system. I think adding multiple types of collateral should protect against the situation where ETH drops rapidly to near zero. |
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