DAI

MichaelAischmann

That's fair. I'm just an advocate for decentralization To that extent DAI is appealing for my short term needs.

Tasty-Ad1124

DAI is a solid choice due to its decentralization and strong governance model.

MichaelAischmann

Hm... Then let's not FUD around, right? Recently the Ethereum foundation sold some ETH for DAI. That instilled confidence & made me research DAI.

_TheWolfOfWalmart_

I don't fully trust any of them. I think spreading your stable funds across USDT, USDC and DAI for long term storage is a good move.

MichaelAischmann

What's DAI's weakness in your opinion?

MichaelAischmann

DAI is issued by MakerDAO via smart contracts. DAI is over-collateralized with accepted crypto assets. This means the reserves aren't as questionable as with Tether for example.

MichaelAischmann

Which stablecoin do you trust the most & why? I'm kinda drawn towards DAI because it is decentralized.

CryptoNerdSmacker

Other stablecoins haven’t been baptized by regulatory fire like Ripple Labs and their stablecoin have. RLUSD will probably, over time, take over a large portion of stablecoin volume from USDT, USDC, DAI, etc.

conceiv3d-in-lib3rty

There’s already been blood in the street though. They survived the collapse of Genesis, Terra Luna, FTX and a sharp 70%+ decline of Bitcoin in less than 6 months that lasted 2 years and had zero issues with redemptions. I’ve always avoided positioning with USDT unless it was absolutely necessary, opting to use USDC, DAI and now eUSD whenever possible. It doesn’t even matter at this point though because if Tether goes down, it’s going to cause an all out market crash worse than ever seen before x10. Tether’s mcap is higher than most multinational banks, they hold more US Treasuries than most countries. I wouldn’t even be surprised if there was talk of some type of bailout situation if it were to happen just for the sheer fact of how devastating it would be. I’m not saying it can *never* happen, i’m just saying it doesn’t make much sense to me to worry about it at this point.

coinfeeds-bot

tldr; Coinbase will restrict European users from trading certain stablecoins, including Tether (USDT), starting December 13, to comply with the Markets in Crypto-Assets (MiCA) regulatory framework. Other stablecoins like PAX, PYUSD, GUSD, GYEN, and DAI will also be delisted for being MiCA noncompliant. However, Coinbase will continue to support Circle's USDC and EURC, as Circle has secured a European stablecoin license under MiCA laws. Tether has not publicly responded to the delisting, and its future in Europe remains uncertain. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

ToulouseDM

They’ve been around for a long time. They created DAI, which isn’t as popular anymore, but was once a commonly used decentralized stable coin. Back in 2018 you could use a DEX…if you dared then, most were afraid for no legitimate reason…now everyone acts like they’re DEX experts because they can click a few buttons any toddler can do, but back in 2018 it took some actual “know how” to trade on a DEX, and DAI was your stable coin.

advias

USDS IMO, the new DAI token and is regulation secure (To my knowledge)

Altruistic-Bed-7785

If you're looking to park euros in crypto for a few years, stablecoins are a good option. Here are some top choices: 1. **USDC** – Reliable, transparent, and widely used, pegged to the US dollar. 2. **DAI** – Decentralized, pegged to the US dollar, backed by crypto collateral. 3. **EURT** – Euro-pegged stablecoin, if you prefer staying closer to the euro. 4. **TrueEUR** – Another euro-pegged option. For simplicity and stability, **USDC** is a solid choice. If you want to stay with euros, **EURT** or **TrueEUR** are good options.

coinfeeds-bot

tldr; The Ethereum Foundation recently sold 100 ETH for 37.43K DAI at a rate of $3,743 per ETH. This is part of a series of transactions this year, totaling 4,366 ETH sold and generating approximately $12.2 million. These sales highlight the Foundation's strategic asset management in response to the volatile crypto market, ensuring liquidity and relevance in the digital economy. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Zeeder80

Invest $100K with a diversified strategy: 50-60% in Bitcoin (BTC) as a store of value, 20-30% in Ethereum (ETH) for exposure to smart contracts and DeFi. Allocate 10-20% to high-risk altcoins (e.g., Solana, Polkadot) for growth potential. Consider 5-10% in stablecoins (USDC, DAI) for liquidity and yield farming opportunities. Regularly rebalance your portfolio based on market cycles, and use stop-loss orders to manage downside risk. Be prepared for high volatility and adjust your positions accordingly.

Bond000

What's been happening in crypto since like 2-3 years ago? This was around the time of BSC being massive and all the new altcoins being on the BSC chain. I parked all my cash in DAI and haven't really touched crypto since. I know that memecoins became a thing and solana popped off, but that's the extent of it. What's the "big thing" right now for moonshot investing? Can I get a quick timeline?

TheJustinG2002

Got a hefty amount of “fiat” in my CEX account that’s waaay too much for my comfort, so I’m looking for a stablecoin to transfer to Ledger and wait until the next bear market. What do you guys recommend? Should I stick to USDC? I hear people say DAI is better but that I’m not so sure. Any insight would be appreciated!

jawni

like... who cares at this point? We have Tether, we have USDC, we have USDS (formerly DAI), we have PYUSD, we have Visa doing billions of dollars in stablecoin settlements already. And it's on a network that doesn't even have smart contracts... [we've seen what happens when stablecoins don't have defi.](https://www.coindesk.com/business/2023/08/17/tether-stops-support-for-bitcoin-layer-omni-citing-lack-of-demand) I'd hope demand here would be higher, but I imagine it being much lower relative to any other option.

pulse_cg

Pulsechain is a booming fairly new Blockchain that is more than likely going to delay pump as ETH rises. It's a complete copy of the ETH system with a few upgrades, mainly in regards to gas fees and transaction times. There is also a huge narrative taking place right now that it's copy of DAI also known as pDAI is going to peg to the dollar... It's current price is currently around 2c , so 50x off hitting the peg. The core coins (PLS, PLSX, INC) have no price ceiling is though. Chances are profits made on the pDAI peggening will rotate in to core coins. Also the origin address has investment in ETH and is making $170,000 for every $1 the ETH price increases. TL;DR Fucking eyewatering gains are coming in Q1-Q3 2025.... we are still early

MinimalGravitas

Honestly, the market is at all-time highs at the moment, so it might not be the best time to buy most coins, so stablecoins like DAI etc probably aren't a bad idea. It's worth remembering that you don't actually need to buy anything to learn. A good place to start is: https://app.banklessacademy.com/lessons Completely free and it will teach you the basics of how crypto works, how wallets work, how to keep your assets safe, and loads of other stuff. You can set up wallets for free, connect them to testnets and try out things like transferring tokens, recovering seed phrases etc. None of that will make you any money, but it will give you some knowledge to help avoid losing money in the future. Once the market goes down again, maybe in a couple of years, you will know exactly how to use crypto and will have saved up a stash of stablecoins. Everyone here will be moaning about how the coins they bought for $4,000 are only worth $800, and you will be happy to buy them for an 80% discount!

IlIlllIIllllIIlI

Tether can work, USDC too. DAI has proven to be reliable. It’s smart to keep it in a crypto stable as some countries do not consider it a fiscal event. If you don’t feel safe with those, go for fiat and pay your taxes. Always remember to pay your taxes, this is no joke.

LaminatedFeathers

Someone commented in another thread that DAI doesn't constitue as a stable coin. So is there something you can do with that? Not sure of American tax laws - where I am, there is no capital gains tax.

sumshelf

None, I prefer diversifying. However, if all my money were in crypto, probably half would be in BTC, and the other half in ETH and DAI.

jawni

launch of Hyperliquid, the brief resurgence of NFTs and what will possibly be the the biggest NFT marketplace airdrop from Magic Eden, the rise of AI agents in crypto, Maker rebranding to Sky and DAI rebranding to USDS and their launch on Solana, Messari recently released all of it's Q3 reports, Eigenlayer and Ethena, and Warpcast were three of the biggest new protocols on ETH and never got talked about here, DeSCI narrative started to get hot with the launch of pump.science . just a few ideas

Graveslinky

I didn't buy because no one told me about it. I wish I grew up with better people around me. Oh well, I guess having to hold DAI in 30% supply vaults and liquidity pools will help me get 1 bitcoin one day.

uncapchad

"Starting **December 13, 2024**, Coinbase will restrict services for **USDT, PAX, PYUSD, GUSD, GYEN, and DAI** for retail customers in Europe under MiCA regulations. Affected users can: 1. Sell or convert these assets to USDC or EURC (which are MiCA-compliant). 2. Transfer the restricted stablecoins to self-custody wallets before the deadline. After this date, trading, custody, and receiving these assets on Coinbase will be unavailable. The platform may reintroduce services for compliant stablecoins in the future." So you either sell those coins before the deadline or take them into self-custody before the deadline

Federal-Anything5312

Mostly Aave and compound v3. Currently I farm rewards on USDS (the new version of DAI) which pays 14% APR in SKY tokens rn (I just sell them for more stables). I also have some in crypto com app earn for 15% in their 3 month lock, but would only put what you can afford to lose there since its a centralized thing, could pull a celsius. The max is only 500k and its convenient to use the weekly interest to top up my card. But in general I just try to find good enough farms in defi protocols, The rates are high during bull markets like right now but can be a lot lower in boring markets. I have been doing this for over 5 years so I think I have a feel for the safety of protocols and can write bots that handle emergency withdraws if there is any trouble, but only needed to do this once in those years.

KIG45

DCA in, DCA out (no selling of Bitcoin) and holding profits in stablecoins (USDC and DAI) until the next bear market. Buy as much Btc as possible and start adding back Eth, ADA, DOGE, XLM and all the value projects that have made you money and have proven to perform well again in the next uptrend. Plus a few new projects that you have already studied how they are performing this cycle. That is what I will do.

Capital-Physics4042

It's kind of a tautology isn't it? If ADA surpasses $1, it would be above USDC. You can even throw in there list USDT, DAI, and its very own DJED

IlllIlIIlIlII

All the Tether fudders are either new or delusional, the FUD worked for me the first time in fucking 2018, but in 2k24 I'd believe more that DAI or USDC collapses first, and DAI actually depegged for a bit.

coinfeeds-bot

tldr; Sky's USDS stablecoin, formerly known as DAI, has expanded beyond the Ethereum blockchain to deploy on Solana. This move marks USDS's transition to a multi-chain presence, aiming to leverage Solana's fast processing speeds and low transaction costs. Sky has partnered with Solana-based DeFi platforms like Jupiter, Orca, Kamino, and Drift, offering over 300,000 USDS in weekly liquidity incentives to boost adoption. USDS is the third-largest stablecoin by market cap, following Tether's USDT and Circle's USDC. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

pm4tt_

DCA out to USDC/DAI seems solid to me

KIG45

What about DAI?

tianavitoli

DAI long and strong!

coinfeeds-bot

tldr; The Ethereum Foundation sold 100 ETH for 334,315.7 DAI on November 12, marking its first ETH sale since releasing its 2024 annual report on November 8. This transaction follows a previous sale of 100 ETH for 270,800 DAI on October 30. The Foundation's 2024 report shows $970.2 million in asset reserves, with $788.7 million in crypto, mostly in ETH. The Foundation periodically sells ETH to fund public projects and maintain reserves, having sold 4,266 ETH worth $11.83 million since the start of 2024. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

HuntingEvil92

I would buy hex at 1 cent and sell at 5-10 cents atleast if you want quick sure gain but its going to $1.. and also pdai which is DAI stablecoin on Pulsechain is going to $1 as well. Look for it on gopulse. Its so obvious it will print millionaires over night. Not financial advice DYOR. But i would be buying if i had 75k sitting around

kirtash93

Jokes aside, when I got into crypto and got some free DAI I was expecting to go up xD I was a noob.

advias

Oops, I meant for stables. Using Bitcoin, Ethereum, or anything asset that moves in price is just not practical for everyday spending. I really want to pay using a mobile wallet with USDC/DAI/USDS/etc. Once this happens is when we are able to transition fully onchain. A good argument of why this isn't a thing yet I came across from Circle (USDC) is due to privacy concerns. Businesses don't want to have their wallets and balances shown to the world wide web.

HoldCtrlW

Tether, USDC, DAI, FRAX, TUSD

0xBlockBard

Glad to help! You can also consider using Ethereum on other chains like Arbitrum and Base which have very low fees. Yep, for exposure to the dollar, getting a mix of USDT, USDC, and DAI would probably be one of the safest ways out there.

KryptoChic

Past experience has shown to do the reverse of what this sub recommends. It typically works out better although I admit not always. We all remember in March of 2023 when USDC and DAI depeged down to 0.85 USA dollars while USDT remained rock solid at 1.0 USA dollars.

KryptoChic

In March 2023 both USDC and DAI depeged to about 0.85 USA dollars. Tether remained rock solid at near 1.0 USA dollars with no depeg during the same period. I'll take Tether any day over USDC and DAI.

KIG45

Why did you choose USDT? I think USDC and DAI are better choices. Tether is shady and I don't trust them.

0xBlockBard

Sure, will offer my 2 cents: 1. Where to buy Tether - I think this will depend on where you come from since the KYC compliance on exchanges may vary widely. If you already have an account verified on a main CEX (Kraken, Coinbase etc), then I'd suggest you use it to buy Tether since they would almost certainly have a withdrawal function to your personal wallet. If you already have crypto on some blockchains like Solana, Base, Eth etc, then you can simply go to a DEX and get some USDT before transferring it to your personal wallet 2. Best wallet options for USDT - For hot wallets, just stick to metamask since it works on most chains. For cold wallets, you can use Ledger to hold Tether (and lots of other cryptos like BTC too) 3. Choosing the blockchain for USDT - Any chain besides Ethereum should work, since the gas fees for Eth would be significantly higher. Tron is one of the most widely used for USDT too. Convenience depends on which chain you interact with most, e.g. if you trade actively on Polygon or Base, then it'll be better to have USDT on those chains too. Note of caution, when depositing to CEXes, always make sure you have a valid address on the network you want to transfer to (e.g. do not transfer your Polygon USDT to an Arbitrum USDT deposit address on Kraken) to reduce the risks of losing funds. 4. Misc thoughts: you might also want to consider having a mix of stablecoins in your portfolio, like USDT, USDC, and DAI to hedge your risks in case one implodes (since you can never be too sure in crypto).

coinfeeds-bot

tldr; The stablecoin market is poised for significant growth, with USDaf emerging as a promising contender. Stablecoins like USDC, USDT, DAI, and Ethena each have unique advantages but face limitations such as centralization, complexity, and off-chain risks. USDaf aims to address these issues by offering a decentralized, user-friendly stablecoin with high yield potential. It combines a refined CDP model, ease of use, and decentralized governance, making it accessible and appealing to a broader audience. As demand for stable, inflation-resistant assets grows, USDaf could set a new standard in the stablecoin market. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

IlllIlIIlIlII

Tether was sketchy only according to redditors, so much praise DAI got here and it was DAI that depegged, Tether will outlast all the stables.

IlllIlIIlIlII

Lmao the Tether FUD is a total bullshit, I love that DAI was shilled on reddit and instead of Tether the DAI temporary collapsed, Tether will outlive all of the stables.

usercos187

that's why i ended up using solana network / swaps. DAI is also available on solana...

MinimalGravitas

What...? I don't hold any Maker, but I've used DAI for about 7 years. You said you'd never heard of one of the most fundamental dApps on Ethereum and so I was trying to help you learn something. I guess you have no interest in that, which begs the question of why you commented about not having heard of it? I don't hold any AAVE or UNI either, but again, they are some of the biggest and most used projects in the space, so are worth understanding.

MinimalGravitas

> Never even heard of this coin That's kinda wild. Maker is one of the original DeFi platforms. They produce the first and largest decentralized stablecoin (DAI) [ https://etherscan.io/token/0x6b175474e89094c44da98b954eedeac495271d0f ]. Their project has a Total Value Locked of about $6 billion [ https://defillama.com/protocol/maker#information ] (bigger than Uniswap) and their DAO controls a treasury of almost $300 million [ https://deepdao.io/organization/c41f87df-35a6-4a37-82c4-62cd5a3a8c08/organization_data/finance ].

No-City94

Where should I keep my fund between cycle ? I plan to DCA out when I think BTC hit the peak of this cycle. Not to cash out. but to wait to re-entry via DCA in again when it's low enough. ( I know , don't time the market. But I want to try. I want to increase my BTC.) I still don't know how to keep my fund while waiting ? USDT ? USDC ? DAI ? PAXG ? I really don't know and have some concern about all these stable coins.

Opening_Mood_5111

Any tax above 10% is a ripoff. I live in a country with a 10% profit tax(+a low fixed tax) so I don't need to do this, but if I were in your case, I would just take the profits on the blockchain(DAI/USDT/USDC) and use direct in person cash p2p no kyc marketplaces when I need(you'll get around 5% lower value). You only need to make sure the buyer is legit(only use the ones that have 100+ reviews and volumes)

ShinAlastor

DAI is a stable coin.

yioshie

I'm also in Italy, there are some options: 1. Don't sell, just use your crypto as collateral for liquidity, Nexo is a great platform for that. 2. You exchange your BTC for DAI or PAXG, both are not stable coins and thus they aren't a cash out event so it's not taxable. 3. Just hodl until you decide to move out. I personally will do the 3rd until I move to Switzerland.

kirtash93

Same here but funny thing is that I started with DAI thanks to Coinbase rewards. Then also used UST but avoided the crash and now after MiCA, using EURC after long time using USDT and USDC.

GaussAF

I'm a big fan of DAI I wonder if there's a way to create a pile of USDT and trade an unfreezable wUSDT representation of it without the backing asset being easily subject to freezes... 🤔

usercos187

when Donald Trump says that he is against a CBDC. guess what are the attributes of a CBDC ? - is emitted by a centralized entity - can be traced - can be frozen depending on arbitrary rules - can be seized now take a look at what USDC, USDT, USDP, are and do, and you can see very similar attributes to a CBDC... if you are against that, support DAI, use DAI (on ethereum network, on smartchain network, on base network, on solana network, on avalanche network ) ( no DAI on tron network, unfortunately... )

usercos187

true, USDP also DAI can't be frozen or seized, but because of regulatory pressure this may change on the future, we will see... 👀

Guilty_Fisherman5168

Guess this might effect DAI?

Guilty_Fisherman5168

Hmm aren't they rebranding to Sky and making a stable coin that can be frozen. I hope DAI stays around though...

admin_default

They claim MKR and DAI will continue separate from SKY and USDS, aside from a unidirectional conversion mechanism. They also claim the freeze feature might not go live. Seems shady AF

Odd-Radio-8500

#Today's main events US - Fed Interest Rate Decision US House Committee Crypto Hearings - 2/3 MKR • DAI $SKY $USDS Upgradable SHIB - Liquid Staking Launch

coinfeeds-bot

tldr; Sky, previously known as MakerDAO, is set to vote on removing wrapped bitcoin (wBTC) from its ecosystem due to concerns over Justin Sun's involvement with the custodian of the underlying assets. wBTC plays a significant role in DeFi lending, serving as collateral for $200 million of loans on Sky's platform. The decision is closely watched as Sky is a major DeFi project and issuer of the $5 billion decentralized stablecoin DAI. BA Labs, a DeFi risk management firm, had proposed reducing exposure to wBTC, highlighting the potential risks associated with Sun's involvement. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Guilty_Fisherman5168

Fiat is basically like DAI, where housing is used as collateral for minting instead of Eth. So lower rates means more money printing.

coinfeeds-bot

tldr; The stablecoin market has reached a new milestone with a total market capitalization of $170 billion, the highest since the TerraUSD collapse in May 2022. This resurgence is led by Tether (USDT), USD Coin (USDC), and Dai (DAI), which together account for 94% of the market. Analysts view the growing stablecoin supply and the decrease in Bitcoin reserves on exchanges as bullish signs, suggesting a potential Bitcoin price rally. Increased global liquidity also supports a positive outlook for Bitcoin, with expectations of a strong year-end surge in Q4 2024. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; The Ethereum Foundation has continued its pattern of selling ETH, recently offloading 450 ETH for 1.029 million DAI. This sale is part of a larger trend of transactions by the Foundation, which has sold a total of 3066 ETH in 2024, converting some of its holdings into stablecoins like DAI. The Foundation still retains 274,012 ETH, valued at approximately $637 million. These sales are part of its financial strategy to cover operational costs, grants, and salaries, which often require fiat currency. A financial report from the Foundation is expected soon to provide more insights into these transactions. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; On-chain data reveals that Shiba Inu (SHIB) has one of the highest concentrations of wealth among its top 10 wallets, holding 61.2% of its circulating supply. This level of centralization is considered concerning as it can influence market dynamics and decision-making within the network. The analysis by Santiment also highlights other cryptocurrencies with significant wealth concentration, including Polygon (MATIC) and Uniswap (UNI), and contrasts them with assets like USD Coin (USDC) and Dai (DAI), which have a more distributed ownership. The centralization of wealth in cryptocurrencies like SHIB poses risks of market instability. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Strong_Judge_3730

Fiat is a debt/collateral based currency similar to how DAI is minted. Any debt will result in new money being printed

TripleReward

DAI was dead the moment they became a usdc wrapper.

ProgrammerNo4662

So it's a freezable version of DAI?

No-Tackle-8652

So DAI now has a freezing function like USDC. Why wouldn't I just use USDC then

coinfeeds-bot

tldr; MakerDAO has rebranded to Sky, introducing a new stablecoin, USDS, and a governance token, SKY, as upgrades to DAI and MKR, respectively. USDS and SKY were launched on Aug. 22, offering 1:1 parity with DAI and a 24,000:1 exchange rate with MKR. The rebranding includes the Sky Protocol, which allows liquidity provision for USDS with rewards paid in SKY. The upgrade is optional, with the possibility to swap back to the original tokens. This move is part of Sky's 'Endgame' proposal to push its products into the mainstream by making fundamental changes in governance and tokenomics. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

TireMeister

someone commented here a few days ago asking why MakerDAO hasnt been shut down yet   they have, this is how they are doing it. Rune is doing this and at first yes it is voluntary, go read up on his "endgame" plan. you will eventually have to switch and DAI will no longer be available to you or anyone else just that new bullshit they are pushing.  Rune is doing this and then riding off into the sunset. Seriously lol read the interviews. Rune is a weak will weasel with no backbone that is caving something that was amazing because he can't stick up for himself. Or is unwilling. 

coinfeeds-bot

tldr; MakerDAO, a leading decentralized finance (DeFi) lender, is rebranding to 'Sky' and introducing new tokens as part of its overhaul. The new USDS stablecoin and SKY governance token will launch on September 18, alongside a new DeFi application. Existing tokens DAI and MKR will remain unchanged, and users have the option to exchange voluntarily. These changes are part of the protocol's ongoing 'Endgame' overhaul. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

fussl

Deposit into MakerDAO, borrow DAI and buy House. When Bitcoin goes to the moon pay back the debts

MaximumStudent1839

Last time I checked, DAI is backed more by USDC than ETH. It is why when USDC depegged, DAI also depegged during the Silicon Vally crisis.

coinfeeds-bot

tldr; The Ethereum Foundation deposited 35,000 ETH, valued at $93.86 million, to Kraken, marking their largest ETH transfer out in 2024. Previously, the Foundation had only sold a few hundred ETH on decentralized exchanges, totaling 2,516 ETH for 7.4M DAI. This significant deposit to Kraken highlights a notable shift in the Foundation's asset management strategy. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

RunawayTrain2

> And even then that only affects the backing collateral not the coins itself Ah, so you have no idea what you're talking about. The coin's value is the collateral. That's it. Without collateral, DAI is worth $0. So if Coinbase and Circle decided to lock up the USDC that MakerDAO has control over, DAI would immediately be worth 50% less. That's not a decentralized coin, and even the creator of Maker knows it. That's why he's coming up with another fully decentralized stablecoin. Feel free to look it up.

_Jimmy_Rustler

if this headline followed the convention as Solana projects it would read: >Crypto whale loses $55 million in \*Ethereum\* project DAI to phishing attack

RunawayTrain2

DAI is 47% RWAs and centralized stablecoins. If USDC told them to lock a specific address, they would do it.