Re:Bitcoin Halving Just Occured
by AgentME on Monday May 11, 2020 @07:07PM
(#23148323)
While you're mentioning stable coins, it might be worth mentioning DAI, which unlike the others, is decentralized and managed by a public smart contract, instead of being centralized and managed by a single company which could lie about its reserves and could choose or be forced to shut down.
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There is one small issue with DAI in my eyes. It has been trading for a premium, while at the same time you can't make a profit from owning it because the spread is always an issue. I am testing an automated contract that does 3 way arbitrage between USDC/USDT/DAI and it has never once crossed over to DAI, while USDC/USDT cross each other enough to trigger a trade, 1-2 times a day.