Almost 50% of All DAI is Locked in Compound As Collateral And This Could Be Problematicby@flipside-crypto
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Almost 50% of All DAI is Locked in Compound As Collateral And This Could Be Problematic

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Almost 50% of All DAI is Locked in Compound As Collateral And This Could Be Problematic. At the time of writing, a total of $852.84M are locked on Compound. DAI relies on over-collateralization with non-USD crypto assets to maintain its dollar peg. A lack of liquidity could translate into uncertainty around using DAI as a decentralized stablecoin in DeFi protocols. The MakerDAO community has been taking steps to increase the supply of DAI.

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