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by ameister14
1957 days ago
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Sure, it's collateralized by ethereum - the problem with that of course is that ethereum is a completely manipulated price driven up by billions in falsely collateralized tether. So effectively, you've linked DAI to the value of a coin that is set by tether. That being the case, the actual value of the collateral is in question. That's why I replied that way. |
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