DAI

Then_Helicopter4243

For me, liquidity and ease of settlement usually matter more than which stablecoin i use. But i do think decentralized options like DAI/FRAX have room to grow if trust in centralized issuers gets shaken.

GreedVault

Cant they just cash out of DAI directly?

coinfeeds-bot

tldr; A crypto wallet linked to a $300M Coinbase hacking scam has purchased 3,976 Ether worth $18.9M at $4,756 per token, using 18.911M DAI. The wallet, under surveillance for its ties to a social engineering scam targeting Coinbase users, has made significant trades, including $8M in Solana and over $14.85M in Ether earlier this year. The latest purchase coincides with ETH's price rising above $4,700, reaching a local high of $4,763. Blockchain analysts continue to monitor the wallet's activities closely. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

emojidomain

If USDT vanished, which would win flows first: USDC for compliance or DAI for decentralization?

emojidomain

Agree that many treat stables as a timing hedge. If USDT vanished, do you think traders rotate to USDC/DAI seamlessly, or would spreads explode for a bit?

Any-Dragonfruit8363

Good news for DAI and USDC and other stablecoins, I guess?

AutoModerator

Post is by: Animalverse and the url/text [ ](https://goo.gl/GP6ppk)is: https://animalverse.social/need-cash-crypto-loans-are-the-solution/ Many people have probably encountered this problem: holding cryptocurrencies at a value lower than the purchase price. Selling them would result in a loss, but the money is still needed. These days, there’s a simple solution: simply use your crypto as collateral for a loan, and you can easily get the money you need. What is a crypto loans? Crypto Lending / Crypto Loan is the process of using your cryptocurrencies as collateral to borrow money in the form of stablecoins (e.g. USDT, USDC, DAI) or fiat currencies (e.g. USD, EUR, THB) without having to sell your crypto holdings. Example: Use crypto as collateral → Get money to use → Once the debt is repaid, get crypto back. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

coinfeeds-bot

tldr; One year after MakerDAO's transition to Sky, aimed at modular governance and ecosystem scaling, adoption has been mixed. While Sky oversees $7.8 billion in stablecoin liabilities, metrics for its stablecoins, DAI and USDS, have stagnated. Despite $44M in development costs and $100M annual expenses, USDS has not gained significant market share. Governance has shifted to the SKY token, and staking rewards show promise. Sky is pivoting toward capital formation strategies, but broader adoption remains a challenge. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

paidzesthumor

Under GENIUS there’s no regulated, practical way to pay with DAI so you’ll likely never find a US business that will accept it, because its bank cannot accept it.

Kindly-Counter-6783

Here are some serious parameters for investing in crypto. Mind-Blowing, Little-Known Crypto Concepts **1. Liquidity = Life Force** * **What most don’t know:** A token can look “valuable” on CoinMarketCap, but without liquidity it’s just paper wealth. Price ≠ real exit. * **Real-World Example:** Imagine your house is “valued” at $10 million. But if only one buyer is willing to pay $3 millions, your real liquidity is $3 millions. Same with low-liquidity coins → you *can’t sell at the displayed price*. * **Insider Trick:** Always check “liquidity depth” in pools/exchanges before buying anything new. **2. Tokenomics Beat Hype** * **What most don’t know:** Supply mechanics matter more than marketing. A token with infinite supply (like DOGE) behaves differently from a deflationary one (like ETH after EIP-1559). * **Analogy:** Owning a business. One prints new shares every day (inflation), the other buys back shares (deflation). Which stock would you rather hold long-term? * **Insider Trick:** Look at *vesting schedules*. If 80% of supply unlocks next month for insiders, price will crash. **3. MEV (Miner/Maximal Extractable Value)** * **What most don’t know:** Bots & validators *front-run your trades*. * **Analogy:** You go to a gold shop to buy a coin. A middleman sneaks in, buys it 1 second before you, then sells it to you for 2% higher. That’s what bots do on Ethereum. * **Insider Trick:** Use MEV-protected exchanges like **CowSwap** or aggregators to avoid silent losses. **4. Stablecoins = Shadow Banking** * **What most don’t know:** Tether (USDT) and USDC aren’t just “stable money,” they’re *unregulated central banks*. They print billions of “dollars” without full audits. * **Analogy:** Imagine your neighborhood grocery issuing its own “gift coupons” and everyone in town starts using them as money. Suddenly, the grocery owner is more powerful than your local bank. * **Insider Trick:** Always diversify stablecoin holdings (USDT + USDC + DAI) because one failing could wreck portfolios. **5. Whale Games & Liquidity Hunts** * **What most don’t know:** 90% of liquidation crashes are *engineered*. Whales push prices to trigger stop losses. * **Analogy:** A shark sees a fishing net full of fish. He smashes the net to make the fish panic and scatter, then eats them cheap. Whales do the same → forcing liquidations to buy cheap. * **Insider Trick:** Never place obvious stop-losses at round numbers (like $20,000 BTC). That’s *exactly* where whales hunt. **6. Network Effects > Technology** * **What most don’t know:** The “best” blockchain doesn’t always win. Adoption beats tech. * **Analogy:** QWERTY keyboards are not the most efficient, but everyone uses them, so they dominate. Same with Bitcoin/Ethereum → their network adoption matters more than speed or cost. * **Insider Trick:** Invest in ecosystems with strong developer + user community, not just fast transactions. **7. Governance is Power** * **What most don’t know:** In DAOs and DeFi, holding governance tokens = *controlling the protocol*. Insiders quietly accumulate governance tokens to steer projects in their favor. * **Analogy:** Owning a few shares of a company doesn’t matter, but if you hold 51% voting rights, you can change the CEO. Same with DAOs. * **Insider Trick:** Watch where venture capitalists accumulate governance tokens — they’re future puppet masters. **8. Time Horizons Change Risk** * **What most don’t know:** Every crypto strategy works… until it doesn’t. * **Analogy:** Playing musical chairs. If you’re in for 30 seconds, you win. If you stay for 5 minutes, the music stops and you’re wrecked. * **Insider Trick:** Decide *before entry* → is this a 1-hour trade, 3-month swing, or 5-year HODL? Otherwise you’ll get trapped. **9. Narratives Pump Markets More Than Fundamentals** * **What most don’t know:** Most bull runs are driven by *stories*, not facts. “DeFi Summer,” “NFT Boom,” “AI + Crypto.” * **Analogy:** Think of fashion trends. It’s not about the *quality* of the fabric but the *story* behind it. Crypto markets behave the same. * **Insider Trick:** Spot the next narrative before retail does → AI tokens, RWA (real-world assets), privacy, etc. **10. Your Private Keys = Your Citizenship** * **What most don’t know:** Owning crypto isn’t about speculation — it’s digital sovereignty. * **Analogy:** Imagine your passport and bank account rolled into one key. If you lose it, you’re stateless and penniless. If you guard it, you’re your own nation. * **Insider Trick:** Use multisig wallets or hardware wallets like Ledger/Trezor. Treat them like your passport + house deed combined. ⚡ These are the **hidden layers** of crypto most beginners never even glimpse. The top 1% insiders profit by understanding these invisible rules of the game.

CryptoAd007

> DAI freezing: that’s MakerDAO’s decision, not ours. So, DAI is issued by MakerDAO directly on Polygon? I thought it's smart contract is on Ethereum only. Where can I check the chains on which DAI is directly issued by MakerDAO? > Gas sponsorship: already possible through meta-transactions. Expect more apps to adopt this. No! As a dev I can not move DAI on POL, where gas fee is paid by a dedicated funding address. This is possible for DAI on SOL though. Am I missing something here? Also, if possible, join the @CryptoIndiaUnited Telegram group and participate in the Crypto discussions with Indian retail investors.

0xpolygonlabs

* DAI freezing: that’s MakerDAO’s decision, not ours. * Native stablecoin: no current plans.  * Gas sponsorship: already possible through meta-transactions. Expect more apps to adopt this.

Altruistic-Buy8779

USDT is centralized it isn't exactly where you go to avoid centralization. DAI is decentralized.

epistmeme

I agree with Vitalik. Cross chains introduce new security problems. Vitalik's reddit comment from 2022 pasted below: The fundamental security limits of bridges are actually a key reason why while I am optimistic about a _multi-chain_ blockchain ecosystem (there really are a few separate communities with different values and it's better for them to live separately than all fight over influence on the same thing), I am pessimistic about _cross-chain_ applications. To understand why bridges have these limitations, we need to look at how various combinations of blockchains and bridging survive 51% attacks. **Many people have the mentality that "if a blockchain gets 51% attacked, everything breaks, and so we need to put all our force on preventing a 51% attack from ever happening even once". I really disagree with this style of thinking; in fact, blockchains maintain many of their guarantees even after a 51% attack, and it's really important to preserve these guarantees.** For example, suppose that you have 100 ETH on Ethereum, and Ethereum gets 51% attacked, so some transactions get censored and/or reverted. No matter what happens, you still have your 100 ETH. Even a 51% attacker cannot propose a block that takes away your ETH, because such a block would violate the protocol rules and so it would get rejected by the network. Even if 99% of the hashpower or stake wants to take away your ETH, everyone running a node would just follow the chain with the remaining 1%, because only its blocks follow the protocol rules. More generally, if you have an _application_ on Ethereum, then a 51% attack could censor or revert it for some time, but what comes out at the end is _a consistent state_. If you had 100 ETH, but sold it for 320000 DAI on Uniswap, even if the blockchain gets attacked in some arbitrary crazy way, at the end of the day you still have a sensible outcome - either you keep your 100 ETH or you get your 320000 DAI. The outcome where you get _neither_ (or, for that matter, _both_) violates protocol rules and so would not get accepted. Now, imaging what happens if you move 100 ETH onto a bridge on Solana to get 100 Solana-WETH, and then Ethereum gets 51% attacked. The attacker deposited a bunch of their own ETH into Solana-WETH and then reverted that transaction on the Ethereum side as soon as the Solana side confirmed it. The Solana-WETH contract is now no longer fully backed, and perhaps your 100 Solana-WETH is now only worth 60 ETH. Even if there's a perfect ZK-SNARK-based bridge that fully validates consensus, it's still vulnerable to theft through 51% attacks like this. **For this reason, it's always safer to hold Ethereum-native assets on Ethereum or Solana-native assets on Solana than it is to hold Ethereum-native assets on Solana or Solana-native assets on Ethereum**. And in this context, "Ethereum" refers not just to the base chain, but also any proper L2 that is built on it. If Ethereum gets 51% attacked and reverts, Arbitrum and Optimism revert too, and so "cross-rollup" applications that hold state on Arbitrum and Optimism are guaranteed to remain consistent even if Ethereum gets 51% attacked. And if Ethereum does _not_ get 51% attacked, there's no way to 51% attack Arbitrum and Optimism separately. Hence, holding assets issued on Optimism wrapped on Arbitrum is still perfectly safe. The problem gets worse when you go beyond two chains. If there are 100 chains, then there will end up being dapps with many interdependencies between those chains, and 51% attacking even one chain would create a systemic contagion that threatens the economy on that entire ecosystem. This is why I think zones of interdependency are likely to align closely to zones of sovereignty (so, lots of Ethereum-universe applications interfacing closely with each other, lots of Avax-universe applications interfacing with each other, etc etc, but NOT Ethereum-universe and Avax-universe applications interfacing closely with each other) This incidentally is also why a rollup can't just "go use another data layer". If a rollup stores its data on Celestia or BCH or whatever else but deals with assets on Ethereum, if that layer gets 51% attacked you're screwed. The DAS on Celestia providing 51% attack resistance doesn't actually help you because the Ethereum network isn't reading that DAS; it would be reading a bridge, which _would_ be vulnerable to 51% attacks. To be a rollup that provides security to applications using Ethereum-native assets, you have to use the Ethereum data layer (and likewise for any other ecosystem). I don't expect these problems to show up immediately. 51% attacking even one chain is difficult and expensive. However, the more usage of cross-chain bridges and apps there is, the worse the problem becomes. No one will 51% attack Ethereum just to steal 100 Solana-WETH (or, for that matter, 51% attack Solana just to steal 100 Ethereum-WSOL). But if there's 10 million ETH or SOL in the bridge, then the motivation to make an attack becomes much higher, and large pools may well coordinate to make the attack happen. So cross-chain activity has an anti-network-effect: while there's not much of it going on, it's pretty safe, but the more of it is happening, the more the risks go up.

Natural_NoChemical

Tedra USD isn’t a widely recognized stablecoin, huge fees like $1500 to move $40k are a massive red flag. Most legitimate stablecoins (USDT, USDC, DAI) have transfer fees under a few dollars on the right networks. This sounds like a scam project designed to trap funds with high ‘exit fees.’ Be very cautious and research if the coin is even supported on major wallets/exchanges before trying to move it.

CryptoAd007

1. Is DAI on Polygon freezable? 2. Does Polygon have any plan to issue it's own StableCoin? 3. Does Polygon have any plan to allow Token movement on base layer, where Gas is paid by a third party address?

coinfeeds-bot

tldr; The hacker behind a recent Coinbase breach used stolen funds to purchase 38,126 Solana (SOL) worth $7.9 million. The hacker converted DAI to USDC, bridged to the Solana network, and bought SOL at an average price of $208.7. This marks the third major asset move since the May breach, which affected 70,000 users through a social-engineering attack. Coinbase refused a $20 million ransom and pledged to reimburse customers, incurring remediation costs of up to $400 million. The hacker's actions align with bullish sentiment around Solana's price trajectory. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Cannister7

Ok, I found the "top up" button where you can receive crypto. Just USDC, USDT or DAI on Polygon. I don't really have any stables to spend at the moment but I'll try it out at some point. I'm always suspicious of fees with this kind of thing though, especially as I'll be going into Aus dollars, but we'll see.

Glad_Investigatorr

Use a DEX and exit into stables, spread across DAI, USDC, LUSD, USDT. The more decentralised the stable the better (DAI, LUSD)

0x456

It's stablecoin season this time. Just look at all the progress with USTD/USDC/DAI/USDE etc

InternalOpen7578

DAI and USDC. Usdt is risky.

Biggerfooter

Depends on how much, USDC and USDT and some others are centralized meaning they can freeze your funds. Look into some decentralized ones maybe, like DAI?

Ilovekittens345

> How would you actually pull off cleaning and using that money? Use tails (a linux distro where everything runs over TOR) to spread whatever crypto he hid over multiple addresses, slowly use dexes like torchain to buy other crypto with it, eventually converting everything to monero, then go in the other direction and eventually end up with various usefull crypto, BTC, ETH, some ltc, some bch, some stabecoins. If he things BTC is gonna crash again maybe he wants to keep more in stablecoins like a mix of DAI, USDT and USDC. If he broke all his traces by going in and out of monero would be hard for the USDC/USDT admins to freeze his addresses. Anyway, once his monero mixing/washing is done he will have a wide range of crypto portfolio. Once in a while when he needs money he can use a crypto ATM to get cash for his crypto. He will never be able to route anything over his own bank account or those of friends/family, that's how they will get him again. But they also won't spy on him, maybe the occasional check. His best bet is doing that and then just go travel around the world with a laptop, spending a bit here and there. If he travels enough maybe he can eventually get his hands on some fake passports and stuff and try to start a new life under a new identity. Very possible when you have over 10 million dollars worth of crypto. You just got to be carefull. As to where to story the crypto, a trezor with plausible deniability. Which means when you type in passphrase 1, just a 1000 dollars worth of crypto shows up. But passphrase 2, a million dollars show up and passphrase 3, everything else. He would need a second trezor for a back up that he is not travelling with. Safety deposit box with the bank, maybe 2. All three trezors can intially be set up the same way. Even if somebody gets their hands on it, no access without the passphrase. And when under pressure he could just give up only the one with 1000 dollars or 1 million on it. He can't save the seeds anywhere. So if all those 3 trezors break he will lose it all. If you are patient and use your brain, even if you are known by law enforcement, pretty nice life you can lead with 30 million dollars worth of hidden crypto. If he does not want to travel there are other options. He can get an normal job, save up some money. Start a new account with a crypto exchange and start doing some trading. Flow some USDC in to a dex from there. Buy a low liquidy shitcoin. Now comes the trick, use the hidden 30 million dollars to pump this low liquidity shitcoin. Then on the other account quickly sell for profit. Report that profit when doing taxes. pay taxes on it. Now he has clean income every year, profit from trading. But secrely the money is coming from his hidden 30 million dollar worth of crypto that he is just using to pump low liquidity shitcoins with. He could use AI to make a shit movie about his life and then sell movie NFT's or whatever bullshit. Then use his secret stash to buy his own nft's with. There are millions of ways to pretend to make clean money in crypto. And it will be very hard for law enforcement to pin any of these pumps on him, as long as he uses monero in and out to break all the links first. If he uses the same addresses that the hacked crypto went into, they will catch him again very fast :-)

MichaelAischmann

DOJ says freeze, stablecoin issuer freezes. A synthetic stablecoin like DAI might solve this problem but also there a lot of the backing is USDC.

MichaelAischmann

1. It doesn't matter. Crypto is a global market. Other people trade against other currencies. 2. There is no right or wrong. I have no limit orders since I mostly buy & hold. Sometimes I set limits when I buy/sell but typically close enough so they'll be filled same day. 3. Hardware wallets are always best. The longer you keep a crypto & the higher the amount, the greater the need for them. 4. USDC or DAI

MichaelAischmann

Check what stablecoins are *actually* backed by. I think DAI would be an interesting asset to understand. The cool thing about stablecoins is their programmability. Imagine logistis: Scanning a QR code at a parcel's destination could automatically trigger a payment to its origin. To earn profits on stablecoins you could provide them to liquidity pools or decentralized lending protocols like AAVE. A digital dollar is more than a TradFi dollar because it has more utility, at least once its widely accepted.

coinfeeds-bot

tldr; The GENIUS Stablecoin Act and the Anti-CBDC Act mark significant developments for stablecoins in the U.S. The GENIUS Act establishes a regulatory framework for centralized stablecoins, requiring full reserves, monthly audits, and compliance with law enforcement orders. It excludes decentralized stablecoins like DAI from its scope but subjects them to future study. The Anti-CBDC Act bans the Federal Reserve from issuing a central bank digital currency (CBDC). These acts clarify stablecoin operations, potentially boosting the crypto industry while reinforcing centralized control over digital currencies. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

MinimalGravitas

I think DAI is excluded because part of its backing comes from USDC, so that fraction would effectively be double-counted (roughly $1.6B of the marketcap I think). I suppose ideally they could count the portion of it that isn't backed by another stablecoin.

vrsatillx

You don't actually have to live with it tho, you're perfectly free to ignore shitcoins. If your goal is to get some unfreezable $ then just get some DAI, LUSD or crvUSD. And if you're in there to actually get out of the fiat system then get some XMR

ripple_mcgee

For example, DAI. But even that is partially backed by freezable stablecoins.

MichaelAischmann

LOL. It already has been many times. Tether & freezing assets at the request of law enforcement is practically synonymous. If you want stablecoins that can't be frozen or seized, they net to be synthetic & decentralized. DAI is on the right way except a large portion of its backing is USDC.

bitcoin_islander

It's been available forever with stablecoins like USDT, USDC, and DAI

ripple_mcgee

If you do this. You could always put some of it into a lending protocol like aave and earn interest on your usdc. I think it's at like 5% right now. Also, you might consider mixing up stable coins....USDC + EURC + DAI maybe.

thinkingperson

Doesn't these regulations apply to ALL stablecoins, including USDC, DAI, PUSD etc etc? Why single out USDT?

GreenStretch

Why is DAI showing absolutely colossal daily volumes these days?

MichaelAischmann

So cool that crypto to crypto trades are tax free in Poland. You seem well informed & in my opinion both choices are solid. DAI is issued against overcollateralized assets. If these assets drop in value they get liquidated & the proceeds are used to remove DAI from the market, thus keeping it stable. I would use DAI to support decentralization.

_Hpst_

Thanks. DAI it is then

Zarigis

Dai and USDS are essentially the same, and are actually directly interchangeable natively. USDS is objectively more decentralized than USDC, simply because a significant portion of it is backed by on-chain collateral, rather than just USD in an account. Additionally, and this is significant, Circle basically has an admin backdoor to USDC and can modify anyone's balance arbitrarily. DAI/USDS does not have this issue, although the USDS contract is upgradeable and could be modified if the governance (SKY holders) voted for it.

light_death-note

No idea. I haven't really kept up on what's going on with DAI sorry.

_Hpst_

I also forgot to ask about the USDS,. Coingecko says its rebranded DAI, but USDS seems to be centralized. Does it mean that DAI token will stop being pegged to USD or sth like that. I got into crypto because I value decentralization and idc if DAI depegs a little (like +-5%).

light_death-note

Usdc is fine unless you are doing shady things. I probably wouldn't hold DAI.

andys811

Depends what market they sell it on, there's BTCUSD, USDT, USDC, DAI, EUR, GBP, ETH, SOL... the list goes on. There's many exchanges and many markets it just depends where you buy it and what markets are available on that exchange/chain

Leading-Fun619

With DEX, you can sell your BTC/WBTC for DAI/USDC/USDT

exmachinalibertas

You don't know how DAI works do you

eldron2323

They’re already passing laws to ban decentralized stablecoins. USDT is on the chopping block along with DAI

biba8163

In crypto, there is Smart Money and Dumb Money. **Smart Money** 1. Buy BTC 2. Chill 3. Profit **Dumb Money** 1. Read Whitepapers spending countless hours researching the best tech projects 2. Read about "DeFi" protocols (Not Finance in any way, essentially shitcoin casinos) 3. Research which platforms have locked the most TVL (scamified metrics based on scam tokens locked up to make gullible fools believe real capital is locked up instead of vaporware scam tokens.) 4. Research Hocus Pocus Oracles (magical oracles that will have Data Containers containing a Unified Golden Record will know within seconds everything that's happening Off-Chain in the Real World like what is the status of the real estate? Are there any tax liens? Is there any debt? Change of ownership? As the status of the real world asset changes, you should have a real world update to the on-chain token LOL sounds really good if your are gullible) 5. Research Web3.333 (Vaporware Decentralized *"Web"*) 6. Research Interoperability (All the scam chains need to be able to communicate with each other riiiight?) 7. Lose Money *Dumb Money doesn't really understand why things go up and start believing it was because of the tech.* **Kaspa** (August 2024) > The reality is that if you have: > - A tightly controlled supply > - Limited availability and liquidity on big exchanges > - A narrative the crypto world likes > You can have relatively new and small marketcap coins that can continue to pump until they reach big marketcaps that are not supported by liquidity. This is exactly why you have all these new meme coins that have pumped. This exactly why you saw a coin like Nano pump to $36 in 2018 when it wasn't available on big exchanges. > At some point reality will hit. I am not saying that Kaspa can't go much further. **I am saying that at some point it'll be time to pay the piper because Kaspa hasn't pumped based on usage, adoption or utility but rather on narrative, lack of liquidity and a tightly controlled supply.** https://np.reddit.com/r/CryptoCurrency/comments/1f4hg0v/daily_crypto_discussion_august_30_2024_gmt0/lkp24b0/ **NANO** (June 2019) > I really think **Dec-Jan as the perfect storm for Nano**/Raiblocks. Bitcoin had reached the peak of the bullrun and was starting to dump and people were chasing profits in every shitcoin out there with money they had just 15-20X. Also, there was constant press and news about Bitcoin high fees and slow transaction times. Suddenly you have a crypto that has zero fees and is instant. People buy it and the price only goes up because there is zero liquidity due it only being available on 2 shitty exchanges. Lack of liquidity hurts when you dump but can pump the hell out of price when there is demand.....I don't know if/when it'll take off again. But to hold a large percentage of your portfolio **hoping this will suddenly boom like it did in the perfect storm scenario is foolish.** https://np.reddit.com/r/CryptoCurrency/comments/c1v9or/daily_discussion_june_18_2019_gmt0/erg19v5/ **ETH** (February 2025) > I think one day people will realize how insane a run ETH had in 2020/21 and fools were forever chasing that euphoria. > One of the things people seem to be missing is how much of a leveraged casino coin ETH was that drove this rise. Before the bullrun started in 2020, ETH was sitting at a relatively small ~$30 Billion marketcap. DAI was also sitting with $250 Million minted. > **BTC started running in Q3 and by peak of the run, ETH was used locked as the native asset to mint $6.2 Billion in DAI. That $6.2 Billion is a massive injection of money into $30 Billion marketcap with an undertoe of a parabolic BTC bullrun and bullish sentiment.** Compare that to the total of only ~$3 Billion inflow into ETFs today when ETH is ~$300 Billion marketcap and it's easy to see why the marketcap won't budge much. > Leveraging ETH to pump its markecap is not dissimilar to burning LUNA to mint UST which drove LUNA to a $40 Billion marketcap. Everyone calls that a scam mechanism but the same type of mechanism that pumped ETH is considered DeFI. > **BTC parabolic moves, leveraged native ETH to mint DAI, DeFi casino narrative, NFTs, staking hype, triple halving memes, ultra-sound monies.......and Covid lockdown and money** > **It was a perfect storm.** https://np.reddit.com/r/CryptoCurrency/comments/1indhrk/daily_crypto_discussion_february_12_2025_gmt0/mcdygp1/

happyjd

MakerDAO is not a US organization and DAI was created before this legislation. A US company would not be able to legally issue their own version of DAI post legislation. The law reduces options for issuance in order “to protect” the consumer. I do agree that it will increase liquidity because even though we crypto fans love freedom other industries love safety.

SimpleMoonFarmer

No, stablecoins like DAI will continue the same. The law defines an option, some projects will use it, some projects won't. But having more options is always a net positive. In this case, it will increase liquidity, which is bullish.

tonto515

Well DAI is turning into USDS now through Maker’s rebrand, Sky

AnthonyBTC

Tether is arguably the worst option lol. Circle (USDC), Paxos (USDP), Gemini (GUSD), and DAI are all either publicly audited or regulated. Tether isn't regulated and refuses to get audited.

Saschb2b

Why are those better? USDC can also freeze funds and DAI had some wild inner proposals to introduced new chains with freeze functionality a year ago [https://np.reddit.com/r/Monero/comments/1cvtpws/dai\_is\_destroying\_itself/](https://www.np.reddit.com/r/Monero/comments/1cvtpws/dai_is_destroying_itself/) (not up to date how that turned out)

Saschb2b

Why are those better? USDC can also freeze funds and DAI had some wild inner proposals to introduced new chains with freeze functionality a year ago [https://www.np.reddit.com/r/Monero/comments/1cvtpws/dai\_is\_destroying\_itself/](https://www.np.reddit.com/r/Monero/comments/1cvtpws/dai_is_destroying_itself/) (not up to date how that turned out)

Saschb2b

Why are those better? USDC can also freeze funds and DAI had some wild inner proposals to introduced new chains with freeze functionality a year ago [https://www.reddit.com/r/Monero/comments/1cvtpws/dai\_is\_destroying\_itself/](https://www.reddit.com/r/Monero/comments/1cvtpws/dai_is_destroying_itself/) (not up to date how that turned out)

AnthonyBTC

Circle has the same ability to block addresses. If an address is under investigation, they will block it. DAI is the only truly decentralized stablecoin, but a large portion of it is backed by USDC which is the issue.

MichaelAischmann

Reason number 71 to chose USDC or DAI over USDT.

MAGA-man-XXL

(6/14/2025) 🏆 Top 20 Predicted Gainers (7-day): 1. KardiaChain: 18.82% 2. Galaxia: 16.69% 3. Brainlet: 15.80% 4. Zenrock: 12.31% 5. Rekt: 9.19% 6. Reactive Network: 8.76% 7. Camino Network: 7.71% 8. World Friendship Cash: 3.68% 9. Aurory: 3.14% 10. Project WITH: 1.22% 11. Binance Bridged USDC (BNB Smart Chain): 0.49% 12. Staked Frax USD: 0.42% 13. RealGoat: 0.39% 14. f(x) Protocol fxUSD: 0.28% 15. Polygon PoS Bridged DAI (Polygon POS): 0.14% 16. Nectar: 0.07% 17. sDOLA: 0.03% 18. L2 Standard Bridged USDT (Base): 0.00% 19. Noble Dollar (USDN): -0.00% 20. YU: -0.01% My ai agent analyzes and gives out daily predictions for the next 7 day. Dm for more picks 🚀

Maximum-Rain-7861

Don't leave the funds in their hands, get a hardware wallet (SafePal) or make a DIY wallet if you are tech savvy (would be made within $100). Swap your USDs in DAI and send to your SafePal wallet on ETH network along with some ETH (Around $20-50), and stake them to sDai (savings DAI) Enjoy 5% APY per year without risk. Make sure to save wallet seed offline somewhere.

CipherScarlatti

No time to DAI.

urbangoose

DAI from MakerDAO is probably a good example decentralized, algorithmic, and still around.. has had about $100m volume in 24h. very small compared to USDT and USDC, but it's #39 by marketcap 🤷‍♂️

ErectionOfSpock

I would sure love to know who thinks we actually need **more** stablecoins.. I thought the room was crowded when it was just DAI / USDC / USDT

thegemhunter7

You could buy DAI which is a stablecoin pegged to USD, but backed by crypto. Its bit riskier to hold than USDT, but its unlikely it will crash

epic_trader

>That's not what a transaction fee is. If I send £10 via my bank to a friend they get £10 But you do understand that you pay taxes and bank fees and those money goes towards issuing bank notes/coins and operating the banks and people's bank accounts, right? >As opposed to being at the mercy of 2 mining farms? Nano's Nakamoto coefficient is a lot better than bitcoin's Yeah Bitcoin sucks too, not really a great argument. And considering you can't really use Nano anywhere, it's really not a better currency that ETH or DAI or USDC or whatever.

epic_trader

>Even better...why not use fiat USD at that point? Well now you're moving the goalpost. Dude is saying NANO is "the only cryptocurrency that works like a currency" and I'm just pointing out that obviously that's not true. While I totally agree with you on the decentralization aspect, especially on the first two, they are still cryptocurrencies that work like currencies. DAI however is decentralized. But heck, if you don't care about stablecoins, ETH and BTC make far better currencies than Nano. It was just a BS statement.

epic_trader

>It's the only cryptocurrency that actually works like currency. That's not really objectively true, is it? USDT and USDC and DAI work a lot better as currencies and are far more popular.

Weak_Conclusion_7020

If you’re seeing 5.6% apr on USDT in Trust Wallet, that’s actually decent for something user friendly. But if you’re hunting for higher yields with relatively lower risk, here are a few options to compare, Lower risk stuff 1. Coinbase USDC Rewards – Around 4–5% apr Not the highest, but it’s FDIC partnered and super easy to use. Lower risk, lower return. 2. Kraken, Nexo, Gemini Earn – 6–8% on stable coins. Kraken is one of the more trusted centralized exchanges. Gemini also has decent yields, though some programs are paused. 3. Curve/Yearn on DeFi (for USDT/USDC/DAI pools) it can hit 8–10% sometimes. More complex and requires MetaMask or another Web3 wallet. Risk of loss or smart contract vulnerabilities, but it’s all non custodial. Slightly more risk stuff 1. Aave or Compound – Lending protocols for USDT/USDC. Yields are lower (3-5%) right now, but safer on chain options. 2. Beefy/Autofarm – Auto compounding yield aggregators. You can find 7–12% yields here by staking LP tokens, but DYOR, gas fees and smart contract risks can eat returns. 3. Real USD (like via Ondo Finance or Mountain Protocol) Emerging options offering tokenized treasury exposure. Some are yielding 6–10% on stablecoins by parking funds in short-term T-bills. Anything above 10% on a stablecoin should be a red flag unless you deeply understand the mechanism behind it. With CeFi collapses like Celsius and BlockFi in the rearview, caution > hype. If you’re fine with moderate risk, DeFi options (Curve, Beefy, or Ondo) might edge out Trust Wallet’s 5.6%. But for ultimate simplicity and security, that 5.6% isn’t bad.

SquaredTheOG

I watched it but the APR is still too high compared to wrapped bitcoin. You can put wrapped bitcoin as collateral on aave or compound and borrow stablecoin at 2-5% RLUSD, DAI, USDC, Tether - from smallest to largest APR. Strike promises 9-12% APR on Bitcoin loans and its 12% for the lower amount of collateral and 9% for multi-millions in BTC, I find it interesting he skipped that slide pretty quickly. Im all for DeFi and also Jack Mallers is cool, but this product aint for me maybe for others.

biba8163

**$10K ETH is a $1.2 Trillion marketcap. That is completely unrealistic and not based on reality.** There isn't any corporate, institutional and big money billionaire interest in ETH to reach that marketcap. **Just because BTC breached a $1 Trillion markecap doesn't mean ETH will.** There is $334 Billion BTC being held by ETFs globally (a ton of institutional investments with form 13F filings), public companies, private companies and governments and BTC is still barely above a $2 Trillion marketcap. The ETH ETFs barely have $10 Billion and there is negligible corporate and institutional investment in ETH. Retail investors are not going to push ETH to $10K. 2025 | Holdings | |:-----------|------------:|:------------:| | ETFs (Global) | $151.22 Billion | Public Companies | $81.57 Billion | Nation States | $57.78 Billion | Private Companies | $43.45 Billion | **Total** | **$334.02 Billion** **The Total Alt Marketccap is 0.99 Trillion when you exclude Stablecoins. ETH by itself is not going to be worth $1.2 Trillion and 20% more than all the Alts combined.** Freaking lunacy. And Alt Marketcap and ETH are not growing, they are shrinking. So you can't say the projections are based on growth and trend analysis. It's based on hopium. | | 2021 | 2025 | Δ |:-----------|------------:|:------------:|------------:| | BTC | $1.23 Trillion| $2.1 Trillion | 70.73% | Stablecoins | $0.11 Trillion| $0.24 Trillion | 118.18% | Ex.BTC/Stablecoins | $1.45 Trillion| $0.99 Trillion | -31.72% | Total Crypto | $2.86 Trillion| $3.33 Trillion | 16.43% > But ETH reached $4,800 in 2021 One of the things people seem to be missing is how much of a **leveraged casino coin ETH was that drove this rise.** Before the bullrun started in 2020, ETH was sitting at a relatively small ~$30 Billion marketcap. DAI was also sitting with $250 Million minted. BTC started running in Q3 and by peak of the run, **ETH was used locked as the native asset to mint $6.2 Billion in DAI.** That $6.2 Billion is a massive injection of money into $30 Billion marketcap with an undertoe of a parabolic BTC bullrun and bullish sentiment. Compare that to the total of only ~$3 Billion total inflow into ETFs since the ETFs were launched and you can see why ETH is ~$300 Billion marketcap won't budge much but pumps and dumps in a range.

GreenStretch

What does it add? Tether is the giant and may possibly have faked it until it made it. USDC is the regulated stablecoin and DAI is the decentralized stablecoin that seems to have had a massive surge lately. How many stablecoins do we need. There was BUSD at one time. Look how many we have: [**https://coinmarketcap.com/view/stablecoin/**](https://coinmarketcap.com/view/stablecoin/)

GreenStretch

Right, but Tether is usually the #1 in volume because stablecoins are used so extensively for trading. USDC was usually pretty far behind Tether, but roughly the same order of magnitude. That's why I was surprised to see DAI so high.

GreenStretch

Is DAI the number 3 coin by volume? Coin Market Cap says that it is, Coinbase agrees, but Coingecko places it much lower.

Key_Machine_9004

I didn't, the attacker swapped my Tether to DAI

TheMeanGun

Honest question… Why did you buy DAI?

biggest_guru_in_town

The answer is all of them depending on volatility and ever changing market conditions and your trading or staking strategy. What you want to have longterm are stablecoins like USDT,USDC,TRY,DAI and others as they can be used for staking,purchasing other coins and selling for fiat on a centralized exchange via p2p transactions(real people to trade with for your coins). USDT is widely recognized and used but is subject to some regulations. USDC has more government backing. But both are still legit. Consider stablecoins like usdt to be the final form of crypto before it turns into fiat when making a profit to spend. stablecoins can be staked as well, they hardly get devalued and are considered the safest currency to stake with but due to their low volatility(they are pegged to the us dollar) you wont make much with them. So they are like " virtual currency" to buy other virtual assets like nfts, meme tokens/coins or alt coins or even bitcoin. Bitcoin and altcoins(coins alternative to bitcoin) like Etheruem,BNB,ADA,Solana,Tron,XRP,Sui,ATOM and more are what you would use in a trading pair to get more usdt,usdc and other stablecoins or more of them to sell if you are doing liquidity mining on a decentralized exchange such as pancakeswap or uniswap or through spots, Spot Trading, Dollar Cost Average,Perpetuals and Futures on centralized exchanges like OKX,Bybit, Coinbase,Kraken and more Explaining what I mean by profiting off volatility. Basically. 500 usdt(**usd tether**, the stablecoin) will most of the time be valued at 500 usd(**fiat currency**) 1 BNB(**an example altcoin named Binance coin**) won't always be 653.45 usd as of writing this. At any time the value for 1 bnb in usd can change by dropping or rising to 500 or 700+ depending on market conditions influenced by real-world bullshit,whales, promotions, volume,trading activity, pumps,dips,bulls,bears etc. This is what we mean by volatility and this is the main way you gain more money. This is why the cryptobros are always in a Rollercoaster of emotions when bitcoin rises or falls depending on who did the best strategy (buy low when the price drops and sell high when the price increases). This main method of capitalizing on rising and falling prices can also be automated with spot bots. Bots also exist for the other trading activities. You have Perp bots,DCA bots as well. I only know Spot trading. I do not like the idea of perpetuals or futures because it's risky af and speculative.

Mental_Contract1104

Yes I did. Volatile as in has swings in value, stablecoin as in value stays close to a specific value. ETH falls under the first category, and fails on the second. Wheras DAI, and the others listed fall under both conditions.

OtheDreamer

You'd want to use any algorithmic stablecoin such as DAI for best results. Wait until you realize you can do cross-chain stablecoin arbitrage & maximize the smallest %'s across multiple chains.

BuyETHorDAI

I remember frantically moving UST through the bridge and selling for DAI. Made it all out like 3 days before collapse.

biba8163

I've said, 2021 was probably a perfect storm for ETH's parabolic move. > I think one day people will realize how insane a run ETH had in 2020/21 and fools were forever chasing that euphoria. > One of the things people seem to be missing is how much of a leveraged casino coin ETH was that drove this rise. Before the bullrun started in 2020, ETH was sitting at a relatively small ~$30 Billion marketcap. DAI was also sitting with $250 Million minted. > BTC started running in Q3 and by peak of the run, ETH was used locked as the native asset to mint $6.2 Billion in DAI. That $6.2 Billion is a massive injection of money into $30 Billion marketcap with an undertoe of a parabolic BTC bullrun and bullish sentiment. Compare that to the total of only ~$3 Billion inflow into ETFs today when ETH is ~$300 Billion marketcap and it's easy to see why the marketcap won't budge much. > Leveraging ETH to pump its markecap is not dissimilar to burning LUNA to mint UST which drove LUNA to a $40 Billion marketcap. Everyone calls that a scam mechanism but the same type of mechanism that pumped ETH is considered DeFI. > BTC parabolic moves, leveraged native ETH to mint DAI, DeFi casino narrative, NFTs, staking hype, triple halving memes, ultra-sound monies.......and Covid lockdown and money > It was a perfect storm. > https://np.reddit.com/r/CryptoCurrency/comments/1indhrk/daily_crypto_discussion_february_12_2025_gmt0/mcdygp1/ Another factor I forgot to explictly mention was staking. My thoughts on staking and locking tokens in DeFi, etc is a complete scam. It's a false hope to gullible investors to lock up tokens to stabilize and/or pump prices while the insiders and founders dump premined tokens that they got for free. Here is my comment from 2022 > 320,000 out of the 400,000 ETH valdiators locked their funds after ETH started reaching ~$2,000 since February 2021. That is roughly ~10 Million ETH that are close to half or less when they were locked. Worse millions were locked away when ETH was $3,000 to $4,500. > Meanwhile the Ethereum Foundation cashed out 20,000 ETH at an ATH of $4,600 on November 11, 2021. Investors essentially gave away their keys and said they'd be happy to hold bags while the Ethereum Foundation cashed out ~$90 Million. https://old.reddit.com/r/CryptoCurrency/comments/vetn0v/daily_general_discussion_june_18_2022_gmt0/ictl4gx/

Beginning-Medium-100

If it trades with ETH, BTC, DAI, they’ll probably attempt to trade for those assets before they get locked down

mindcandy

> Even DAI is partially collateralized by USDC now. But, that doesn’t mean some government/bank combo can target OP and confiscate his DAI. They could target Coinbase and destroy USDC for everyone. That would have a big impact on DAI for everyone. But, they can’t target OP without burning $60B in USDC in the process.

Beginning_Service387

you can try DAI, which is decentralized and harder to block

Beginning-Cash-6089

Totally get choosing USDC over Tether — it looks safer. But let’s be real: no stablecoin is truly safe. USDC relies on private banks and trust in Circle. DAI depends on volatile crypto. And we all saw what happened with Terra. Stablecoins live in a legal and financial gray zone. Until we get real regulation, audits, and redemption guarantees, none of them are bulletproof.

CryptoByline

If you're specifically worried about censorship-resistance and seizure risk, then the answer is simple: no centralized stablecoin is truly safe. USDC, EURC, USDT — all have blacklist functions. Even DAI is partially collateralized by USDC now.  If you want non-confiscatable, you’re really talking about BTC or XMR (Monero) — not a stablecoin.  But if you still need a relatively stable store of value for DCA, here are your main paths:  LUSD (Liquity USD) – overcollateralized and censorship-resistant (no admin keys). But less liquid and harder to access from fiat directly.  sDAI or RAI – more decentralized models, though still niche and less stable.  Or skip stables entirely: convert fiat → BTC gradually using auto-DCA tools like Swan or Relay and hold cold.  Lump-sum vs DCA? Historically lump-sum outperforms most of the time — but only if you’re emotionally ready to handle the dips. DCA smooths the ride psychologically, not necessarily economically.  Your move depends on what matters more: control or convenience. You can’t have both 100% in crypto (yet). 

biba8163

> BTC maxi I am actually not a BTC maxi. I've said many times most people are better off never touching crypto because from what I've seen most people tend to lose money on crypto. Again and again. Even with BTC, people can't handle the volatility and end up losing money a lot of the time. I love XMR but about 5 years ago realized it's not really an investment. I made 25X with another Alt in 2017/18 but like most people who do that in short time frames, it's mostly luck than any type of skill. > BTC is the only crypto worth investing in right now? I am sure there are a dozen coins right now that are going to outperform BTC short term. But it's essentially gambling picking the right coin from thousands and then timing it right. They are not investments. BTC is an investment. ETH is also an investment but I don't think it's a good investment. I was very open minded to ETH for years and spend most my time warning against outright scams but in recent years I've focused on criticizing ETH because people keep parroting the same disingenuous investment thesis for ETH while driving people to losses. > BTC's value proposition is? A diversifier asset and store of value. BTC is like gold but doesn't follow gold. It's a competitor to gold. An asset class onto itself whose correlation to the markets is entirely different -- high correlation to the stock market until it makes big movements with then you see negative correlation in short periods. This doesn't mean BTC performance is guaranteed but Money/Value is just a social construct and we are increasingly seeing the BTC is digital gold narrative being repeated by everyone in the financial news media, by the Fed Chair Jerome Powell, influential legends in investing like Ray Dalio and billionaire after billionaire. > condemning any use case of blockchain beyond a single SOV asset XMR has a great use case and utility. It's used every day. I just condemn disingenuous narratives and use cases like DeFi, Oracles, Compute, Storage, AI, Cloud, etc. Along with BTC, Stablecoins have become crypto's killer use case with competing networks as rails. But that doesn't make these network tokens good investments. They will need to remain cheap to compete with each other for usage. None of these network tokens are valued based on utility. ETH was like $500 Billion marketcap at one time. The performance was not based on utility but purely on speculation and the BTC bullrun profits and other speculative capital to ETH along with a massively leveraged ETH with MakerDAO/DAI in 2021. There is no indication that ETH can attract the kind of capital from institutions to drive it to multi-trillion marketcap asset.

Mr_Locke

Tried to look up what DAI was and found like 5 different coins. Seems to be a coin built on etherium but set up as a stable coin. 1.) why would you do this to prevent freezing? 2.) why are there like 5 different DAIs?

coinfeeds-bot

tldr; An Ethereum user lost $700,000 in USDT to an address poisoning scam, where scammers create wallet addresses resembling legitimate ones to deceive victims. The attacker sent a small transaction to mimic a Binance wallet the victim had just interacted with, leading the victim to send a large sum to the scammer. The funds were quickly converted to DAI to avoid freezing. Experts advise double-checking full wallet addresses and avoiding reliance on truncated or transaction history addresses to prevent such scams. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

alfchaval

Hi Many banks in certain countries, including Bosnia and Herzegovina, have very strict policies regarding cryptocurrency transactions, which can make both investing and cashing out challenging. As you rightly pointed out, in many cases, banks view incoming crypto-related funds as high risk. Given your circumstances, here are a few general suggestions to consider: • Peer-to-Peer (P2P) platforms: Services like Binance P2P, Paxful, or others allow you to sell BTC directly to other individuals, often using local payment methods. Make sure to use escrow services and reputable traders to stay safe. • Crypto-friendly banks or neobanks: Some users choose to open accounts with banks in nearby countries or online-only banks that are more crypto-friendly (where possible). • Stablecoins: Some users hold stablecoins like USDT, USDC, or DAI instead of cashing out immediately. These can sometimes be easier to move around until a better cash-out opportunity is found. • Long-term HODL approach: Since you mentioned you don’t plan to sell soon, continuing DCA and securely holding your BTC for the long term might be the best strategy for now.

TripTryad

73.63% is the high on Tradingview if you use the BTC.D ticker. Of course things are going to vary depending on source, but I prefer to use tradingview for consistency. In any case using tradingview with: CRYPTOCAP:BTC.D*CRYPTOCAP:TOTAL/(CRYPTOCAP:TOTAL-CRYPTOCAP:USDC-CRYPTOCAP:USDT-CRYPTOCAP:DAI-GLASSNODE:BUSD_MARKETCAP) For the dominance minus many stables you get a high of 75.93 Dec 20th 2021. It should all be relative for the most part however. The real point is that we have some distance before we even hit the level we hit last cycle, so I assume theres more room for it to rise.

coinfeeds-bot

tldr; An Ethereum whale was liquidated for $106 million on the Sky DeFi platform after Ether's price dropped 14% on April 6. The whale's collateralized debt position fell below the required ratio, triggering liquidation. Sky seized the ETH collateral, auctioned it to repay the borrowed DAI, and returned any remaining collateral. Another whale is close to liquidation as ETH prices continue to drop, with the crypto market experiencing significant losses. Over $1 billion in liquidations occurred in the past 24 hours, mostly involving ETH positions. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

biba8163

- Buy Shitcoin in Bear - Sell Shitcoin in Bull - Profit - Repeat - Get Rich - The cycles provide the blueprint. I am crypto veteran, trust me Reminder that your Shitcoin is not a Goose that will continue to lay golden eggs for you just because it did it once or twice. > I really think Dec-Jan as the perfect storm for Nano/Raiblocks. Bitcoin had reached the peak of the bullrun and was starting to dump and people were chasing profits in every shitcoin out there with money they had just 15-20X. Also, there was constant press and news about Bitcoin high fees and slow transaction times. Suddenly you have a crypto that has zero fees and is instant. People buy it and the price only goes up because there is zero liquidity due it only being available on 2 shitty exchanges. Lack of liquidity hurts when you dump but can pump the hell out of price when there is demand.....I don't know if/when it'll take off again. But to hold a large percentage of your portfolio hoping this will suddenly boom like it did in the perfect storm scenario is foolish. https://np.reddit.com/r/CryptoCurrency/comments/c1v9or/daily_discussion_june_18_2019_gmt0/erg19v5/ > I think one day people will realize how insane a run ETH had in 2020/21 and fools were forever chasing that euphoria. > One of the things people seem to be missing is how much of a leveraged casino coin ETH was that drove this rise. Before the bullrun started in 2020, ETH was sitting at a relatively small ~$30 Billion marketcap. DAI was also sitting with $250 Million minted. > BTC started running in Q3 and by peak of the run, ETH was used locked as the native asset to mint $6.2 Billion in DAI. That $6.2 Billion is a massive injection of money into $30 Billion marketcap with an undertoe of a parabolic BTC bullrun and bullish sentiment. Compare that to the total of only ~$3 Billion inflow into ETFs today when ETH is ~$300 Billion marketcap and it's easy to see why the marketcap won't budge much. > Leveraging ETH to pump its markecap is not dissimilar to burning LUNA to mint UST which drove LUNA to a $40 Billion marketcap. Everyone calls that a scam mechanism but the same type of mechanism that pumped ETH is considered DeFI. https://np.reddit.com/r/CryptoCurrency/comments/1indhrk/daily_crypto_discussion_february_12_2025_gmt0/mcdvkce/

biba8163

> I think one day people will realize how insane a run ETH had in 2020/21 and fools were forever chasing that euphoria. > One of the things people seem to be missing is **how much of a leveraged casino coin ETH was that drove this rise.** Before the bullrun started in 2020, ETH was sitting at a relatively small ~$30 Billion marketcap. DAI was also sitting with $250 Million minted. > BTC started running in Q3 and by peak of the run, ETH was used locked as the native asset to mint $6.2 Billion in DAI. That $6.2 Billion is a massive injection of money into $30 Billion marketcap with an undertoe of a parabolic BTC bullrun and bullish sentiment. Compare that to the total of only ~$3 Billion inflow into ETFs today when ETH is ~$300 Billion marketcap and it's easy to see why the marketcap won't budge much. > Leveraging ETH to pump its markecap is not dissimilar to burning LUNA to mint UST which drove LUNA to a $40 Billion marketcap. Everyone calls that a scam mechanism but the same type of mechanism that pumped ETH is considered DeFI. https://np.reddit.com/r/CryptoCurrency/comments/1indhrk/daily_crypto_discussion_february_12_2025_gmt0/mcdvkce/

penarhw

Not overthinking at all, stablecoins have different trade-offs, some prioritize decentralization (DAI), others liquidity (USDC), and some offer native yield (RLUSD, sDAI). It’s less about redundancy and more about choice. Personally, I use Spark to earn 4.5% on stablecoins while staying liquid.

riscten

Oh there absolutely are taxes with stablecoins. Every trade is a taxable event. If you sell BTC for USDT, USDC or DAI, and have made a profit, you are expected to report that gain and pay taxes. DEXes are about giving you full authority over what you do with the reporting, and about maximizing control over your coins. A good spot DEX will never hold your coins like a CEX does, the moment you send money, the trade is executed and you are sent back what you bought, to your own non-custodian wallet.

biba8163

This is more of an indicator of the confidence in ETH than a market cycle indicator. Remember ETH is a Leveraged Casino Coin. One of the things people seem to be missing is how much of a leveraged casino coin ETH was that drove this rise. Before the bullrun started in 2020, ETH was sitting at a relatively small ~$30 Billion marketcap. DAI was also sitting with $250 Million minted. BTC started running in Q3 and by peak of the run, ETH was used locked as the native asset to mint $6.2 Billion in DAI. That $6.2 Billion is a massive injection of money into $30 Billion marketcap with an undertoe of a parabolic BTC bullrun and bullish sentiment.

Spoofik

Stablecoins retain their value and on top of that you can expect to get 7-12% APR in USD. There are more complex and risky strategies with little-known coins, but the rewards are higher. If your goal is just to wait out the bear market and save money, choose USDT/USDC/DAI pools and you will be fine. Here, for example, is a list of all the stablecoins that have ever been issued. coinlore.com/stablecoins

MichaelAischmann

So you can use a decentralized alternative like DAI.

biba8163

> I think one day people will realize how insane a run ETH had in 2020/21 and fools were forever chasing that euphoria. > One of the things people seem to be missing is how much of a leveraged casino coin ETH was that drove this rise. Before the bullrun started in 2020, ETH was sitting at a relatively small ~$30 Billion marketcap. DAI was also sitting with $250 Million minted. > BTC started running in Q3 and by peak of the run, ETH was used locked as the native asset to mint $6.2 Billion in DAI. That $6.2 Billion is a massive injection of money into $30 Billion marketcap with an undertoe of a parabolic BTC bullrun and bullish sentiment. Compare that to the total of only ~$3 Billion inflow into ETFs today when ETH is ~$300 Billion marketcap and it's easy to see why the marketcap won't budge much. > Leveraging ETH to pump its markecap is not dissimilar to burning LUNA to mint UST which drove LUNA to a $40 Billion marketcap. Everyone calls that a scam mechanism but the same type of mechanism that pumped ETH is considered DeFI. > BTC parabolic moves, leveraged native ETH to mint DAI, DeFi casino narrative, NFTs, staking hype, triple halving memes, ultra-sound monies.......and Covid lockdown and money > It was a perfect storm. https://np.reddit.com/r/CryptoCurrency/comments/1indhrk/daily_crypto_discussion_february_12_2025_gmt0/mcdygp1/?context=3

minibuddy0

I'm sure that it would, I'm especially looking at stables like USDT and USDC, where my concern is are the ones bagged by crypto assets like deUSD, DAI, sUSD. Do you think they can have the same trust score that the first two already have, and do you think these ones 10x? especially for very new ones like deUSD for example.

J-96788-EU

And DAI was nuked into irrelevance?

ronchon

For example: the original DAI concept was pretty decentralized and simple back when it was only backed by Ethereum. Then it was swapped for a different token that could be backed by multiple collaterals. That inevitably led to collateral being USDC and Tether at 70%+ so it became pointless: all the risks with none of the perks.

Throwaway4VPN

I do understand liquidity, I actually hadn't realised DAI trading volume was that low. I mainly use DAI (not $25m however) as my go to stable since Maker launched really - really interesting to see the difference in volume so large! Also great analogy, I had heard it before but it really puts things in perspective. Thanks!