Day in Day out we are using lots of tools on DeFi word and some times getting to know how a system works is interesting. Today we are going to get deep down the rabbit hole and find out more about system behind Makerdao stabelcoin, DAI. Makerdao tried to keep the system (DAI) decentralized. but how?to do so they need crypto asset for collateralization rather than fiats and at first they introduced SCD (Single-Collateral Dai) which only ETH was excepted as a collateral. but the problem with et...

Day in Day out we are using lots of tools on DeFi word and some times getting to know how a system works is interesting. Today we are going to get deep down the rabbit hole and find out more about system behind Makerdao stabelcoin, DAI. Makerdao tried to keep the system (DAI) decentralized. but how?to do so they need crypto asset for collateralization rather than fiats and at first they introduced SCD (Single-Collateral Dai) which only ETH was excepted as a collateral. but the problem with et...