#7 AMA| Dai 你全面了解 MakerDAO

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

  1. 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 :slight_smile: 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! :smile: ) Happy to talk you offline. My telegram ID is @jjcsg

To answer your questions:

  1. 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

  2. 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 :smile:

是否有后期的现实生活中应用??交易费Gas如何?

good