DAI and Over-Collateralisation

This lesson is for enrolled learners

The concept DAI, issued by MakerDAO (now rebranded under the Sky ecosystem), maintains its peg without a central custodian holding your dollars — instead, users lock crypto collateral into smart-contract vaults and mint DAI against it at a ratio well below 100% of the collateral's value, leaving a large safety buffer. If that collateral's value falls enough to erode the……

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