You are viewing a single comment's thread from:

RE: Crypto Academy Week 6 Homework Post for @yohan2on - DAI - A Stablecoin Crypto

in SteemitCryptoAcademy • 3 years ago

Hi @luigienius

Thanks for attending the 6th Crypto course and for your effort in doing the given homework task.

Feedback

They also over-collateralize DAI, instead of a 1:1 ratio. For example, instead of 1 ETH = 100 DAI, you can only get 1 ETH = 66 DAI (depending on the ratio given by the system). This doesn't mean that you lose money though. You still get 1 ETH back if you payout your loan.

DAI is indeed an over-collateralized stable coin. Very well explained here. You indeed brought out that unique aspect about DAI.

This is very good work. Well done with the research. You creatively explained about DAI in a precise and clear way. I enjoyed reading your article and I feel motivated and insterested in seeking further information about DAI.

Homework task
9

3 years ago in SteemitCryptoAcademy by
$2.42
  • Past Payouts $2.42, 0.00 TRX
  • - Author $1.21, 0.00 TRX
  • - Curators $1.21, 0.00 TRX
3 votes
Reply 2
Sort:  
  • Trending
    • [-]
     3 years ago 

    Thanks a lot Prof!

    $0.00
      Reply
      [-]
       3 years ago 

      Hi professor, please also check the reposted week 5 article with 10 grade. https://steemit.com/hive-108451/@luigienius/6wji4k-crypto-academy-week-5-homework-post-for-yohan2on-coinbase-wallet-a-defi-web3-wallet

      Thanks a lot! Would be too bad if this gets missed again, if it will be missed I will not repost it anymore though. Thanks!

      $0.00
        Reply

        Coin Marketplace

        STEEM 0.19
        TRX 0.13
        JST 0.030
        BTC 63526.15
        ETH 3387.82
        USDT 1.00
        SBD 2.56