This loan is at a higher risk if the price of ETH falls by just 5.9%. The borrower retained 75M DAI for other DeFi operations, but in case of liquidation, will leave over 60K ETH to the protocol.
Cryptopolitan on MSN3mon
Ethena’s USDe surpasses the supply of DAI as Ethereum (ETH) sentiment improvesUSDe’s growth has put the asset ahead of DAI/USDS, as investors migrated because ... as BTC reached new records and ETH ...
which was then used to swap ETH for Dai (DAI). Unlike centralized stablecoins such as USDt (USDT) and USD Coin (USDC), managed by Tether and Circle respectively, DAI cannot be frozen by a ...
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