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A comment on Report on Stablecoins [pdf]. Parent comment

Re:Report on Stablecoins [pdf] by trophycase on Monday November 01, 2021 @05:22PM (#29073295)
Actually a huge fraction of DAI is backed by USDC and other assets.
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Re:Report on Stablecoins [pdf] by Scott_Sanderson on Monday November 01, 2021 @06:26PM (#29074052)
Correct, OP seems to be referring to single-collateral DAI aka SAI, which is deprecated. The current DAI is backed by a basket of assets.

IMO, the basket is too heavily weighted towards centralized stablecoins like USDC. I rotated some of my MKR holdings to Terra/Luna, which may have a better peg mechanism (although it is similar to Titan, which exploded).

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Re:Report on Stablecoins [pdf] by Maximus9000 on Monday November 01, 2021 @08:00PM (#29075058)
> I rotated some of my MKR holdings to Terra/Luna, which may have a better peg mechanism

Me too!

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