Difference between revisions of "MakerDAO"
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(more Dai usecases) |
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* Dai is a great medium of exchange due to its stable value and being soft pegged to the U.S. dollar; | * Dai is a great medium of exchange due to its stable value and being soft pegged to the U.S. dollar; | ||
* Users can | * Users can use Dai to earn income on their ETH by minting Dai using their ETH and then depositing that Dai in some DeFi app to earn yield. | ||
* Dai can be minted to get a leverage position on your collateral by depositing collateral, minting Dai and selling Dai to purchase more of the collateral. | * Dai can be minted to get a leverage position on your collateral by depositing collateral, minting Dai and selling Dai to purchase more of the collateral. | ||
*Dai can be used to avoid taxes by borrowing against collateral instead of selling it | |||
==The Maker Protocol== | ==The Maker Protocol== |