this post was submitted on 19 May 2024

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Since DAI is currently being destroyed (lemmy.sdf.org)

submitted 5 months ago by [email protected] to c/[email protected]

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Does anyone know an unfreezable stablecoin that is the least at risk of becomming another TerraLuna? I love Monero but its too volatile to keep 100% of my life savings in an unfreezable stablecoin is CRUCIAL. This is such horrible news. Fuck Rune Christiansen for this shit!!

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[–] [email protected] 2 points 5 months ago

terra required too much manual intervention and also aimed to maintain a USD peg. RAI and pureDAI aren't supposed to be like that. so I wouldn't be so pessimistic. I think there is still a way to do it.