DAI IS DEPEGGING!!!! SELL SELL SELL AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

DAI IS DEPEGGING!!!! SELL SELL SELL AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

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dai can't depeg lol if it does they get to pay those loans off cheaper. if anything I bet dai goes over $1

We need to ban every single tg/discord/twitter/r*ddit user and the board quality would drastically increase

sers is DAI really going to depeg?

you can check at daistats, right now it is at 128.69% collateral

what percentage is needed as a signal it's depegging?

anything below 100%, many people will be keeping an eye on the number.

dai didn't depeg during the last crash, no reason why it would now. unlike ust it's actually backed by something.

It's just backed with different flavors of USDC.

it dropped another 1%, it's unironically over

All crypto is ultimately worthless. Cash is king.

All worldly possessions are ultimately worthless. Christ is King.

What is it backed by?

checked.
Just a ban on pajeetland and niggerland would suffice.

ok now this is worrying
after fucking luna im not taking any chances
leaving 2k in btc and cashing everything else out this market is cursed

Web3 is going great, good thing I've invested in things that will change the world like green energy companies and black owned businesses

USDC plus scattered trash.

Amen

This is a massive buy signal for FLX and RAI, those who know know. The fact that DAI has capitulated and resorted to using USDC in its reserves means it failed at being a strict decentralized stable.

ONLY 129% COLLATERAL? HOLY SHIT THATS ONLY LIKE 9000X MOST BANKS AT THIS POINT!!!!

Are there any safe alternatives to DAI? USDC and especially tether both seem mediocre.

Yeah, maybe but I'm gonna wait and see how it will survive this bear market first

How the fuck is USDC "mediocre" if it's backed 1:1 and BlackRock is also involved?

Just hold dollars then. What the fuck do you retards want? A safe bank account were big government can protect you? Gtfo crypto if you can't hold real crypto.

Good thing I only hold American Buckaroos which is backed by the greatest military on planet earth

Have fun wageslaving your entire life to fund that army.

Based

Reality wont disappear if put your fingers in your ears or cover your eyes

t. jew, enjoy your centralized worthless token

yes, RAI youtube.com/watch?v=kDCqiZd4xkI pure algorithmic stablecoin