Re:Show HN: Collateralized Debt Agreements Using Smart Contr...
by mbrock on Friday January 19, 2018 @03:27AM
(#16184849)
The MakerDAO system (which I contribute to) issues a token called dai against Ethereum token collateral. The dai token is meant to have low volatility measured against fiat money.
There's roughly 9 million USD worth of outstanding dai tokens at the moment, all representing a form of debt to the MakerDAO system with ETH as collateral.
The first version uses only ETH as collateral, with a high degree of overcollateralization. The next version is supposed to use different collateral types.
One interesting type of collateral is tokenized gold, as will be issued by the Digix project.
There's roughly 9 million USD worth of outstanding dai tokens at the moment, all representing a form of debt to the MakerDAO system with ETH as collateral.
The first version uses only ETH as collateral, with a high degree of overcollateralization. The next version is supposed to use different collateral types.
One interesting type of collateral is tokenized gold, as will be issued by the Digix project.