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A comment on Price of algorithmic stablecoin UST drops 2% below dollar peg. Parent comment

Re:Price of algorithmic stablecoin UST drops 2% below dollar... by thebean11 on Monday May 09, 2022 @03:37PM (#31318729)
DAI has worked pretty well though
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Re:Price of algorithmic stablecoin UST drops 2% below dollar... by chizhik-pyzhik on Monday May 09, 2022 @03:40PM (#31318766)
Yeah, exactly. DAI is fully collateralized. I guess what I mean is non-fully-backed algostables like ust and frax
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Re:Price of algorithmic stablecoin UST drops 2% below dollar... by thebean11 on Monday May 09, 2022 @04:20PM (#31319199)
Right but DAI is mostly backed by things that aren't pegged to USD like ETH and wBTC.
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