DAI has worked pretty well though | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		thebean11 on May 9, 2022 \| parent \| context \| favorite \| on: Price of algorithmic stablecoin UST drops 2% below... DAI has worked pretty well though

chizhik-pyzhik on May 9, 2022 [–]

Yeah, exactly. DAI is fully collateralized. I guess what I mean is non-fully-backed algostables like ust and frax

thebean11 on May 9, 2022 | [–]

Right but DAI is mostly backed by things that aren't pegged to USD like ETH and wBTC.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact