Crypto Guide How MakerDAO/DAI Multi-Collateral Loans Work On Oasis Network 2022

Crypto Guide How
MakerDAO/DAI Multi-
Collateral Loans Work On
Oasis Network 2022

Want up-to-the-minute crypto commentary? Read all
about MakerDAO and DAI tokens in Daiflash's new

guide! 

Daiflash.com has launched "What Is
MakerDAO Stablecoin?" - a new 2022
guide for crypto beginners, exploring
DAI - the latest decentralized currency

built on top of the Ethereum
blockchain.

The article outlines the history of stablecoin and why DAI represents
a departure from earlier iterations such as Demini Colin, USDC, and

PAX.

According to Yahoo, there were
approximately 5.5 DAI in
circulation as of July 2021.

DAI's value is 'soft-pegged' to the value of US dollar and
you make it by taking out a loan on the MakerDAO
platform.

The company keeps value
consistent by raising interest
rates, destroying returned DAI
from closed loans to keep supply

limited. 

A similar mechanism is enacted in reverse when DAI's
value exceeds one dollar.

Daiflash's article explains that DAI
has undergone a steady growth in
usage and market capitalization

since its creation in 2013.

The process is controlled via smart contracts relating to
Collateral Debt Positions that you take out with
MakerDAO.

 Among the many benefits of DAI
crypto is low-cost remittance,

enabling the rapid and inexpensive
purchasing of goods, services, and
overseas transfers without huge gas

fees.

Author Chris Munch writes, "This beginner's guide will teach you how
to invest in MakerDAO and how DAI works so you can make the most

of your money." 

Disclaimer: This information does
not constitute investment advice

or any other kind of advice.

Click on the link in the description for more details.