The community is discussing about the possibility of having NFT as collateral in the system. You can follow the discussion here: [Discussion] NFT Vaults - Governance - The Maker Forum
Dai is not a hard-pegged currency, so it does not perfectly track the value of an existing fiat currency. Rather, it maintains a free-floating peg that experiences extremely low volatility against the US dollar.
It achieves this stability through a combination of external market forces, complementary internal economic incentives, and policy tools controlled by MKR token holders. Many different market actors behaving in their own self-interest, yet working in concert, contribute to its stability. These actors include MKR holders, arbitrageurs, Vault owners, Keepers, and market makers.
If Dai demand consistently exceeds Dai supply, or vice-versa, it creates a signal that MKR holders need to adjust the Dai Savings Rate, which is the primary tool for influencing Dai demand and steering the monetary policy of Dai. Raising the Dai Savings Rate increases the demand for holding Dai; lowering the rate decreases the demand for holding Dai. This ultimately translates to a stable Dai peg.
Stability Fees for various Vault types are another policy tool that can be used to help Dai stability but are primarily used for covering the risk premium of different Vault types. Decreases in a Stability Fee, reflecting the cost of borrowing, can incentivize the additional creation of Dai. Similarly, increasing Stability Fees can reduce the rate of Dai generation.
Arbitrageurs also contribute to the short term stability of the peg by taking advantage of price differences across various Dai markets.
Vault owners are able to participate in maintaining the peg by taking advantage of opportunities when spikes in demand push the Dai price higher than $1. This allows a Vault owner to issue Dai that can be used to purchase assets with an additional variable amount of purchasing power. Inversely, when Dai is trading below a dollar, Vault owners are incentivized to purchase Dai and pay down their Dai balances at a discount.
For more information here: https://makerdao.world/en/faqs/dai
- To ensure the protocol’s security, we do run bug bounty programs and conduct security audit regularly.
- After the market crash in March 2020, we have developed a peg stabilisation module allowing users to swap a given collateral type directly for DAI at a fixed rate, rather than borrowing DAI. The PSM contract was designed with stablecoin collateral in mind, allowing users to swap other stablecoins for DAI at a fixed rate to aid with keeping DAI pegged to 1 dollar. And the idea is that users can use those DAI to pay down their debt and stability fees to prevent liquidation.
We already have our own decentralised exchange: oasis.app
The community is also considering add NFTs as collaterals in the system.
There are not a lot of collateral-backed stablecoins in the space. I would foresee more fiat backed stablecoins popping up in different countries,
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DAI will remain to be decentralised and permissionless, funds will not be frozen or blocked by the protocol. And we will remain to be the only decentralised lending protocol where users can generate loans against their own assets (both tokenised real world assets and crypto assets).
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DAI is not backed by fiat. DAI is backed by over-collateralised assets. As of today, there is 6 billion DAI in total circulation and they are backed by 11 billion worth of collaterals in the system. You can check out Dai Stats The data is transparent because all the transactions are recorded on the blockchain.
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We are giving out grants to people who can help us educate community users. Do follow our twitter account: @Makergrowth to find out the launch date of the program. We welcome all creative ideas to educate the users in China!
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You are right. Centralised stablecoins are not entirely backed by 1:1 USD in the bank accounts. You can see the article here: https://cointelegraph.com/news/coinbase-removes-backed-by-us-dollars-claim-for-usdc-stablecoin
DAI is different from all the centralised stablecoins because DAI is backed by over-collateralised assets. As of today, there is 6 billion DAI in total circulation and they are backed by 11 billion worth of collaterals in the system. You can check out Dai Stats The data is transparent because all the transactions are recorded on the blockchain.
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We are bridging DAI that originated on L1 to other rollups / chains so that DAI is cheap for end users to use. You can check out our multichain strategy here: A Multichain Strategy and Roadmap for Maker - Governance - The Maker Forum
- After the market crash in March 2020, we have developed a peg stabilisation module allowing users to swap a given collateral type directly for DAI at a fixed rate, rather than borrowing DAI. The PSM contract was designed with stablecoin collateral in mind, allowing users to swap other stablecoins for DAI at a fixed rate to aid with keeping DAI pegged to 1 dollar. And the idea is that users can use those DAI to pay down their debt and stability fees to prevent liquidation.
And for the rest of your questions about flash crash and price feed oracles, you can find your answers here: How it Works | MakerDAO Community Portal
There is no limit for DAI minting. The protocol scales as users deposit their collaterals and more DAI will be minted. And the reason users lock up their assets to generate loans in DAI is that instead of selling BTC/ETH, they collateralise the assets to borrow loans in DAI to run their company operations or pay their bills. Because people are long on cryptos and they don’t want to sell it when the market is bearish.
As for DAI pegged to CNY, we are exploring the possibility and it will not be limited to just CNY but also other major currencies as well.
We are bridging DAI that originated on L1 to other rollups / chains so that DAI is cheap for end users to use. You can check out our multichain strategy here: A Multichain Strategy and Roadmap for Maker - Governance - The Maker Forum
Try generate your first loan using ImToken app 
There are a lot of videos to help you with that.
DAI is transparent and decentralised and the protocol does not freeze your funds and will not, you can also see the total value locked in the system here: https://daistats.com/
Yes, we are working with partners to run more educational campaigns and we welcome any ideas to help tackle the Chinese market! 
) Happy to talk you offline. My telegram ID is @jjcsg
To answer your questions:
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As of writing, the surplus buffer in the system is 51.6 million and once it reaches 60million, we will start burning MKR tokens again. I wouldn’t think that this is a danger because the team is constantly onboarding more collaterals to the system and we are also working on providing an institutional vault service to bigger institutions by offering them a competitive stability fees if they can commit to a bigger loan or longer term loans. You can read more about the discussion here: Institutional and Long Term Vaults Proposal - Proposal Ideas - The Maker Forum
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We just implemented a delegation voting system where voter apathy won’t be an issue anymore and we expect more participation after the new system is deployed.
DAO如何确保公平，效率，路线正确？
Thanks
有什么用
我只想要POAP