Comment on Price of algorithmic stablecoin UST drops 2% below dollar pegparentComments−chizhik-pyzhik4yYeah, exactly. DAI is fully collateralized. I guess what I mean is non-fully-backed algostables like ust and frax−thebean114yRight but DAI is mostly backed by things that aren't pegged to USD like ETH and wBTC.
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Yeah, exactly. DAI is fully collateralized. I guess what I mean is non-fully-backed algostables like ust and frax
Right but DAI is mostly backed by things that aren't pegged to USD like ETH and wBTC.