Who else is leveraged a fuck ton lol
I’ll be buying your liquidations soon enough.
what coin's auctions are you bidding on?
You can tell that a lot of bizlets use it
etherscan.io
>etherscan.io
holy shit 2 addresses make up 68% lol
2 whales really like aave
253 based individual holders of aLINK, seems pretty healthy.
Nothing has any value right now but I’ll be watching for ETH and Link when over leveraged anons blow up.
MKR will support Chainlink soon to add liquidity to DAI we Bull Market now.
Aave has the highest collateralization ratio average of whole DeFi, watch other platform burn down and Buy LEND meanwhile.
checked. Distribution goes great, I cant wait for accumulation
way to load so much fud into quads
doesn't dai minted from usdc defeat the purpose of dai?
If they used Chainlink Black Thursday could have been avoided and they wouldn't even need to add USDC. I hope they add more collateral such as gold and real estate eventually. So long as the Smart Contract itself is bulletproof all of the danger from using USDC goes to the individual vault owner.
Be careful about MKR and DAI. Imo mkr/dai won't last nor have staying power. Why would I lock up eth in a CDP when there's other lending platforms I can hop on to earn much better yield. MKR is simply not capital efficient. Aave, compound, uniswap v2, etc. are all better for yield hunters. Imo DAI will end up as a failed experiment
Professor Tyler from the Chicano Cryptography Club claims Maker added USDC because that would allow them to claim their DAI stable coin isn't technically decentralized because it's partially based upon USDC.
LMAO MKR is still 54.15% of DEFI. And the cheapest way to collateralize Eth. MKR is not going anywhere although
origination fees are wayyyyy cheaper on aave and compound
At the same time, severe dislocation in the Dai price trading at $1.08/$1.09, a lot of regular keepers are using the USDC collateral type to help arbitrage the price back down. While it’s not easy to draw perfect causation, the Dai price has improved significantly since USDC has been added. 6 million Dai has been generated in a short amount of time. Tracking this Dai on-chain, it is easy to see that a lot of it has been hitting dexes and secondary lending platforms for peg arbs. I think it’s reasonable to assume that the Dai being generated is helping the Dai price.
DYOR
>AAVE is an acronym for African American Vernacular English
no thanks
Stability fees are 0 to generate DAI. So if you take out a 1 million dollar loan it will essentially be interest free (- the origination fee) provided you have sufficient Eth as collateral.
yeah but closing your position takes a fuck load of dai. .Only .25% of what you borrowed on aave and compound.
Maker is cheaper if you never plan on withdrawing
hes not wrong retard
There are many reasons for doing a thing.
whatever
ok
kek whats the point of using dai when i could skip all that shit and just use usdc?
I own more Lend tokens but hedge with a little MKR. Bitcoin has shit smart contracts, and lightning network is a joke yet it has first mover advantage. The same is true with MKR. It's called Multi-collateral but they only have 3 different types rn lol. Aave is a better project in the short run but DAI is here to stay.
The #1 reason people generate DAI is to buy more ETH. It gives you all of the benefit of a long without any of the risks (using exchanges)
I think meta will win the stablecoin battle. It is like Maker but it only mints from collateralized eth.
Vitalik and molochdao back it
Maker had the right idea but they should have only accepted 100% decentralized coins as collateral.
defisaver removes all the risks of liquidation to. That's why I back aave though. defisaver uses flash loans to boost / self-liquidate. If aave goes down, defisaver goes down, and a ton of eth cdp holders on Makerdao will be pissed.
What does the LEND token actually do? Can you stake it or anything?