Sep 07, 2022
What is DAI? Is it an Algorithmic Stablecoin?
The short answer is no; DAI isn’t an algorithmic stablecoin. Algorithmic stablecoins are not backed by any form of collateral; instead, they aim to maintain the dollar peg with a self-sustaining mechanism, as explained above....
Jul 27, 2022
What is Algorithmic Stablecoin?
Algorithmic stablecoins are stablecoins that maintain their parity using a self-contained and decentralized economic protocol. They are built on an economic mechanism that allows them to maintain parity by increasing or decreasing the quantity of cryptocurrency by burning or mining tokens....