There is approximately 3x more $cDAI than $DAI circulating
Do what you want with that information, but I would be cautious
Expect a lot more collateral to be onboarded onto Maker to try to keep up with demand, maybe we'll even see $LINK collateral within our lifetime 🤷♂️
Do what you want with that information, but I would be cautious
Expect a lot more collateral to be onboarded onto Maker to try to keep up with demand, maybe we'll even see $LINK collateral within our lifetime 🤷♂️
This is essentially the key issue here
A liquidity crunch of $DAI could happen where people try to pay back their $DAI loans, causing more demand than supply available which causes $DAI to skyrocket in value, which creates a growing positive feedback loop
A liquidity crunch of $DAI could happen where people try to pay back their $DAI loans, causing more demand than supply available which causes $DAI to skyrocket in value, which creates a growing positive feedback loop
This concerns me, it does
