Case study: DAI and Ethereum volatility

This lesson is for enrolled learners

The concept DAI's history provides the course's clearest illustration of collateral risk (Lesson 5.1) — and, unlike UST's irreversible collapse, DAI's most serious stress event (March 2020's "Black Thursday") is a story about a liquidation mechanism nearly failing, getting patched, and the system surviving, which makes it a valuable study in what effective crisis response to collateral risk looks like.……

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