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Reddit Posts

How to unstake from Aave V1?

MakerDAO looks to more than double the DAI savings rate

r/CryptoMarketsSee Post

Curve DAO (CRV) Shakes Up DeFi with New Algorithmic Stablecoin, crvUSD

r/CryptoCurrencySee Post

How does Curve's economic model sustain itself despite such low trading fees?

r/CryptoCurrencySee Post

How does Curve's economic model sustain itself despite such low trading fees?

r/CryptoCurrencySee Post

I totally recommend using some throwaway cash to try some high-leverage trading.

r/CryptoCurrencySee Post

Crypto.com adds Pay support for MATIC, USDC and DAI

r/CryptoCurrencySee Post

Pulsechain bridge just launched $25mil+ queued for bridging in first day

r/CryptoCurrencySee Post

One year ago: After a meteoric rise, Luna crashed from $119.20 to $0 in a month. Today, Luna Classic is ranked as the 78th largest project and Luna 2.0 as 121st

r/CryptoCurrencySee Post

The supply of USDT has reached a new ATH, seems like the money printer is just not stopping…

r/CryptoCurrencySee Post

MakerDAO boosts DAI lending capabilities via Spark Protocol roll-out

r/CryptoMoonShotsSee Post

The Curve DAO Token (CRV) has been gaining value recently It is up 4.75% against the US Dollar today. The CRV price is expected to rise by 10.24% in the next five days, reaching a price of $1.05 by May 9. crvUSD Stablecoin Arrives on Ethereum Mainnet: A New Contender in the Stablecoin Arena

r/CryptoCurrencySee Post

My Adventures as a Crypto Bounty Hunter - The Blockchain Bluff Masters

r/CryptoCurrencySee Post

My adventures as a crypto bounty Hunter (Big Bucks Edition) - Scammer Ring Steals over 40 Million USD

r/CryptoCurrencySee Post

A Deep Look Into The Polygon (MATIC) Chain

r/CryptoCurrencySee Post

With the sole exception of Tether, we appear to be speed-running stablecoins, TrueUSD now becoming popular and market cap increasing 127% since the start of 2023

r/CryptoMoonShotsSee Post

Robinland - Unlocking Commercial Real Estate: Earn Fixed Income with Blockchain

r/CryptoCurrencySee Post

Tether blacklisted a wallet for two years before freeing it.

r/CryptoCurrencySee Post

A Bullish Case for GMX, the Largest Decentralized Derivatives Exchange That You Can Own And Pays You Dividends in Ethereum. [DEEP DIVE]

r/CryptoCurrencySee Post

Ongoing Hack: Yearn finance exploited - $1,252,660,242,212,927 YUSDT minted - $10m Swapped via Curve.fi and Aave.

r/CryptoCurrencySee Post

Recent Sushi Exploit, mid exploit summary. Four moon holders have had Moons in wallets drained totaling 57,148 Moons. Make sure to Revoke permissions for Sushi if you haven't already.

r/CryptoCurrencySee Post

Certik report on the Euler hack, which made up most of the Q1/2023 hack losses

r/CryptoCurrencySee Post

$200,000,000 in Stolen Crypto Recovered by DeFi Platform

r/CryptoCurrencySee Post

Hackers exploit Uniswap security flaw for $25.2 million

r/CryptoCurrencySee Post

Savvy Overview and Flow of Funds

r/CryptoCurrencySee Post

NFTX DAO to rebalance treasury following USDC depeg saga

r/CryptoCurrencySee Post

Needed advice/opinion on where to put 30k right now

r/CryptoCurrencySee Post

Euler Finance exploiter returns another $37.1M worth of ETH and DAI

r/CryptoCurrencySee Post

After the Hatefolio and Lovefolio, here's the Randomfolio

r/CryptoCurrencySee Post

Bitfinex Launches NFT Insurance at 0.001 ETH Mint Price: $100,000 Coverage for Stablecoin Fluctuations in Collaboration with USDT, BUSD, USDC, DAI, and TUSD Issuers

r/CryptoCurrencySee Post

Bitfinex Launches NFT Insurance: $100,000 Coverage for Stablecoin Fluctuations in Collaboration with USDT, BUSD, USDC, DAI, and TUSD Issuers

r/CryptoCurrencySee Post

DAI supply has fallen by 13% this week

r/CryptoCurrencySee Post

Why we need stablecoins and what makes a good stablecoin.

r/CryptoCurrencySee Post

How to Save Money Swapping Moons / Bricks or Any Nova Tokens with xFusion

r/CryptoCurrencySee Post

He has done it! One year ago Do Kwon said that “By my hand DAI will die“ and now DAI had actually depegged, all due to Do Kwon.

r/CryptoCurrencySee Post

Today's most important headlines

r/CryptoCurrencySee Post

MakerDAO Weighs Using Emergency Switch to Prevent Future DAI Depegging

r/CryptoCurrencySee Post

we need a solid foundation in real life

r/CryptoCurrencySee Post

DAI recovers after severe depeg caused by USDC ripple effect

r/CryptoCurrencySee Post

Bitcoin surges, USDC and DAI have regained their $1 pegs, and Tether is trading at $1.06.

r/CryptoCurrencySee Post

USDC Investor Learns Costly Lesson in Crypto Market Crash

r/CryptoCurrencySee Post

Euler Finance Suffers Ongoing Hack of $200M ETH, DAI

r/CryptoCurrencySee Post

Crypto Platform Huobi Exchanged $100,000,000 USDC for DAI During Stablecoin Depegging Scare: On-Chain Data - The Daily Hodl

r/CryptoCurrencySee Post

About stablecoins and the assets behind them

r/CryptoCurrencySee Post

In times like these when switching your stablecoins to something less centralized, don't forget that DAI is 40% backed by USDC.

r/CryptoCurrencySee Post

Why is the "over-collateralized" DAI depegged too?

r/CryptoCurrencySee Post

Which one is the best stablecoin answered by a pirate chat GTP

r/CryptoCurrencySee Post

Biggest stablecoins have normalized again - but how safe are they?

r/CryptoCurrencySee Post

Do you think Vitalik Buterin is taking advantage of the depeg or gambling?

r/CryptoCurrencySee Post

Good and bad scenarios for Monday morning?

r/CryptoMarketsSee Post

USDC's Total Market Cap is -8.1% in the Past 28 Hours, While DAI's is +6.8% & $USDT's is +1.2%

r/CryptoCurrencySee Post

Crypto is still too hard to be convenient

r/CryptoCurrencySee Post

Conspiracy: federal gov is sabotaging stable coins in debut of their CBDC

r/CryptoCurrencySee Post

What the SVB collapse and stablecoin depeggings could mean

r/CryptoCurrencySee Post

Afters years of Tether FUD, every stablecoin EXCEPT Tether is dumping. Did we misjudge Tether?

r/CryptoCurrencySee Post

DAI Depegs to Lifetime Lows as Stablecoin Rout Plagues Crypto

r/CryptoCurrencySee Post

During the usdc crisis, some poor dude swapped $2.03m usdc for 0.5 usdt

r/CryptoCurrencySee Post

During the usdc crisis, some poor dude swapped $2.03m usdc for 0.5 usdt

r/CryptoCurrencySee Post

Eight of the top 10 stablecoins by market cap lost their $1 peg today, with Tether and Binance USD being the only two that held their peg during this turmoil

r/CryptoCurrencySee Post

DAI Depegs to Lifetime Lows as Stablecoin Rout Plagues Crypto

r/CryptoCurrencySee Post

One turned $2.03 million into $0.05 and the other one turned $1.5 into $2.03 million

r/BitcoinSee Post

USDC & DAI DEPEG? No problem I use BTC.

r/CryptoCurrencySee Post

It's not FUD anymore, USDC has depegged. DAI & some other decentralised stables have also depegged. Get your money out of stables.

r/CryptoCurrencySee Post

Do you think USDT could have the same fate as USDC in future?

r/CryptoCurrencySee Post

Let's Run the Numbers on DAI - Depegging and Collateral

r/CryptoCurrencySee Post

***Dump any stable coins you have NOW!!!***

r/CryptoCurrencySee Post

With insolvency fears rampant. Here's how one unlucky user paid $2,080,468.85 to receive $0.05 of USDT.

r/CryptoCurrencySee Post

Justin Sun the founder of TRON is trying something which is either pure genius or really really dumb.

r/CryptoCurrencySee Post

DAI USDC collateral in question?

r/CryptoCurrencySee Post

If you are thinking of switching stables from USDC/USDT, don't forget that DAI is 40% backed by USDC.

r/CryptoCurrencySee Post

What even is a safe stablecoin at this point?

r/CryptoMarketsSee Post

A successful mid-8 figs associate of mine suggests the best bear market strategy now is non fungible tokens + stablecoin yield farming, in order to grow wealth and keep it. Lets discuss options, share strategies!

r/CryptoCurrencySee Post

Happy for the drop, and you could be too

r/CryptoCurrencySee Post

MakerDAO Founder Calls for Rebranding of DAI Stablecoin

r/CryptoCurrencySee Post

ETH will now be a stable coin

r/CryptoCurrencySee Post

Top 25 projects on November 14th 2021 (2 days after ATH) and now.

r/CryptoCurrencySee Post

We just became the second largest pool on SushiSwap for the Arbitrum Nova Network. With rewards from CCIP-051 currently sitting at 45% APR and total APR at 57%.

r/CryptoCurrencySee Post

US Government issued CBDC vs existing USD crypto - Which will peg to which? [SERIOUS]

r/CryptoMarketsSee Post

Namada’s Multi-Chain Privacy Solution for Secure Blockchain Transactions - thoughts?

r/CryptoCurrencySee Post

Market capitalization of Binance USD (BUSD) dropped by 60%.

r/CryptoCurrencySee Post

Is DAI at risk if BUSD/Binance collapses?

r/CryptoCurrencySee Post

Tested and Confirmed: New Cheap Way to Sell MOONs on Xdai Without Paying High Ethereum Fees to Cash Out

r/CryptoCurrencySee Post

BUSD drops to $0.2 USD due to a single sell order.

r/CryptoCurrencySee Post

BUSD seems to be losing the Stablecoin Wars and there is one profiting from that heavily, USDT has just hit a 52% dominance of all Stablecoins.

r/CryptoCurrencySee Post

Stablecoin Regulation and the SEC Lawsuit are exactly what crypto needs in the long run.

r/CryptoCurrencySee Post

A technical deep dive into 2 biggest PoS networks Ethereum and Cardano: comparing protocols and liquid staking given the recent SEC action against Kraken (3rd largest ETH validator)

r/CryptoMoonShotsSee Post

SugarYield | Coingecko listed | Coinmarketcap coming | Low Mcap | CEX listing | 10x_gem | 5160%_APR |

r/CryptoCurrencySee Post

DeFi Giant MakerDAO Integrates Blockchain Data Provider Chainlink for DAI Stablecoin

r/CryptoCurrencySee Post

MakerDAO integrates Chainlink Oracle to help maintain DAI stability

r/CryptoMoonShotsSee Post

SugarYield - Successfully Raised 261.69 BNB in Fairlaunch - PCS listing 9th Feb 14:00 UTC - 15 Mins Left - 10x_on_launch - Mobile App Live - CEX Listing

r/CryptoMoonShotsSee Post

First_Hedge Protocol! SugarYield | Fairlaunch Succeed with 261.69 BNB! APR_5160% | 2x Rewards on Vaults | Mobile App Ready | 10x _on _launch | KYC-Audited | Dapp_Live | CEX Listing! Missed Presale | PCS Listing 9th Feb 14:00 UTC |

r/CryptoMoonShotsSee Post

SugarYield | Buy 14:00_UTC Listing on Pancakeswap | Low Mcap | Big whales_coming | 10x_on_launch | Mobile App Live | Massive_market | Partnerships|

r/CryptoMoonShotsSee Post

SugarYield | First_Hedge Protocol! Fairlaunch Succeed with 261.69 BNB! APR_5160% | 2x Rewards on Vaults | Mobile App live | 10x _on _launch | KYC-Audited | Dapp_Live | CEX Listing! PCS Listing 9th Feb 14:00 UTC |

r/CryptoMoonShotsSee Post

SugarYield | First_Hedge Protocol ! APR 5160% | 2x rewards on vaults | Mobile App live | 10x on launch | KYC-Audited | DApp_Live | Governance | CEX Listing! Presale Live On Pinksale_1 HOURS Left to end | SC HIT | 183 BNB Raised!

r/CryptoMoonShotsSee Post

SugarYield Presale Live on Pinksale - 5 Hours Left - 150 BNB Raised - Mobile App Live - 10x on launch - KYC- Binance Live AMA's - APR 5160% -CEX Listing - DApp Live - PCS listing 9th Feb 14:00 UTC

r/CryptoMoonShotsSee Post

SugarYield | 2x reward on vaults | 5160%_APR | Low Mcap | 10x_on_launch | 1_hour to live on Pancakeswap

r/CryptoMoonShotsSee Post

SugarYield | First_Hedge Protocol on BNB Chain ! APR 5160% | 2x rewards on vaults | Mobile App live | 10x on launch | Appraised by KYC-Audited | Dapp_Live | Get Rewards Through Governance | CEX Listing! Presale Live On Pinksale_5 HOURS Left to end|

r/CryptoMoonShotsSee Post

SugarYield.com - First Hedge Protocol - Presale Live on Pinksale - Mobile App live On Playstore - APR 5160% - 10x on launch - KYC- Binance Live AMA's - CEX Listing - Sugar Vaults deposit will be start on 8th Feb, 18:00 UTC

r/CryptoMoonShotsSee Post

SugarYield - First Hedge Protocol For Stable Coins | 2X_returns on vaults | 5160%_APR | Presale ends in 3hour|

r/CryptoMoonShotsSee Post

SugarYield | First Hedge Protocol _for BUSD/USDT | Earn Upto 2x on BNB | APR 5160% | Mobile App live | 10x on launch | KYC_ Audited | CEX Listing! Presale Live On Pinksale! Official!

Mentions

What? DAI is great. Maker's definitely not the devil :)

Mentions:#DAI

tldr; MakerDAO, the decentralized autonomous organization behind stablecoin DAI, has approved the purchase of up to an additional $1.28 billion in US government bonds via crypto asset manager BlockTower Capital. The move is part of Maker's plan to diversify reserve assets backing its $5 billion stablecoin DAI and boost protocol revenues by investing in yield-generating strategies. The latest decision also highlights the growing demand for traditional financial instruments among crypto native entities such as DAOs as a means to earn a stable yield on their treasury. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#DAI#DYOR

I'm in Mexico, here you can buy: BTC ETH BUSD USDT BNB DAI DOGE ADA MATIC XRP Not sure if it varies from country to country

#Harmony Con-Arguments Below is a Harmony con-argument written by noxtrifle. > Though Harmony ONE is touted as the 'next frontier of DeFi' by some, its future hinges uncomfortably on pipe dreams and euphemisms that fail to hide the token's true nature. These include: > > * **Recent $100m exploit sets precedent for future hacks -> highlights lack of security** > * Just less than a month ago, Harmony's Horizon Bridge suffered an attack to the extent that the perpetrator stole over $100 million worth of cryptocurrency including ETH, BNB, USDT, USDC, and DAI, among others. > * According to [a TechCrunch article](https://techcrunch.com/2022/06/24/harmony-blockchain-crypto-hack/), the security of the entire bridge relied on a single 'multisignature' wallet, which needed the consent of two signatures to initiate transactions. While this type of system is certainly more secure than single-signed wallets for the average, this is nowhere near as secure it should be for a protocol that controls billions of user funds on a daily basis. > * It is noted that about $2m worth of tokens were [returned by the Lossless protocol,](https://beincrypto.com/harmony-hack-how-lossless-saved-78m-stolen-tokens/) which may have a promising future. > * **Not Unique** > * Ziliqa exists as an alternative to Harmony, and does almost exactly what Harmony does - albeit on its own network. > * Since Ethereum itself is trying to solve the problems that Harmony identifies, it's only a matter of time before ONE is made obsolete. > * **'Next-gen' technology is a hindrance** > * Harmony's technology [hinges on 5G technology](https://learn.bybit.com/altcoins/harmony-crypto/) to work at full efficiency, which is not available in many parts of the world. > * Hence, accessibility is severely reduced. > * **Infinite Inflation** > * The token's supply is not capped, and it mints 441 million ONE each year. > * As a result, while stakers are rewarded generously, holders continually lose money as the price of ONE is pushed down by excess supply. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_harmony) to find submissions for other topics.

#Harmony Con-Arguments Below is a Harmony con-argument written by noxtrifle. > Though Harmony ONE is touted as the 'next frontier of DeFi' by some, its future hinges uncomfortably on pipe dreams and euphemisms that fail to hide the token's true nature. These include: > > * **Recent $100m exploit sets precedent for future hacks -> highlights lack of security** > * Just less than a month ago, Harmony's Horizon Bridge suffered an attack to the extent that the perpetrator stole over $100 million worth of cryptocurrency including ETH, BNB, USDT, USDC, and DAI, among others. > * According to [a TechCrunch article](https://techcrunch.com/2022/06/24/harmony-blockchain-crypto-hack/), the security of the entire bridge relied on a single 'multisignature' wallet, which needed the consent of two signatures to initiate transactions. While this type of system is certainly more secure than single-signed wallets for the average, this is nowhere near as secure it should be for a protocol that controls billions of user funds on a daily basis. > * It is noted that about $2m worth of tokens were [returned by the Lossless protocol,](https://beincrypto.com/harmony-hack-how-lossless-saved-78m-stolen-tokens/) which may have a promising future. > * **Not Unique** > * Ziliqa exists as an alternative to Harmony, and does almost exactly what Harmony does - albeit on its own network. > * Since Ethereum itself is trying to solve the problems that Harmony identifies, it's only a matter of time before ONE is made obsolete. > * **'Next-gen' technology is a hindrance** > * Harmony's technology [hinges on 5G technology](https://learn.bybit.com/altcoins/harmony-crypto/) to work at full efficiency, which is not available in many parts of the world. > * Hence, accessibility is severely reduced. > * **Infinite Inflation** > * The token's supply is not capped, and it mints 441 million ONE each year. > * As a result, while stakers are rewarded generously, holders continually lose money as the price of ONE is pushed down by excess supply. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_harmony) to find submissions for other topics.

#Harmony Con-Arguments Below is a Harmony con-argument written by noxtrifle. > Though Harmony ONE is touted as the 'next frontier of DeFi' by some, its future hinges uncomfortably on pipe dreams and euphemisms that fail to hide the token's true nature. These include: > > * **Recent $100m exploit sets precedent for future hacks -> highlights lack of security** > * Just less than a month ago, Harmony's Horizon Bridge suffered an attack to the extent that the perpetrator stole over $100 million worth of cryptocurrency including ETH, BNB, USDT, USDC, and DAI, among others. > * According to [a TechCrunch article](https://techcrunch.com/2022/06/24/harmony-blockchain-crypto-hack/), the security of the entire bridge relied on a single 'multisignature' wallet, which needed the consent of two signatures to initiate transactions. While this type of system is certainly more secure than single-signed wallets for the average, this is nowhere near as secure it should be for a protocol that controls billions of user funds on a daily basis. > * It is noted that about $2m worth of tokens were [returned by the Lossless protocol,](https://beincrypto.com/harmony-hack-how-lossless-saved-78m-stolen-tokens/) which may have a promising future. > * **Not Unique** > * Ziliqa exists as an alternative to Harmony, and does almost exactly what Harmony does - albeit on its own network. > * Since Ethereum itself is trying to solve the problems that Harmony identifies, it's only a matter of time before ONE is made obsolete. > * **'Next-gen' technology is a hindrance** > * Harmony's technology [hinges on 5G technology](https://learn.bybit.com/altcoins/harmony-crypto/) to work at full efficiency, which is not available in many parts of the world. > * Hence, accessibility is severely reduced. > * **Infinite Inflation** > * The token's supply is not capped, and it mints 441 million ONE each year. > * As a result, while stakers are rewarded generously, holders continually lose money as the price of ONE is pushed down by excess supply. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_harmony) to find submissions for other topics.

Have you used multichain in the last few days? I’ve moved thousands in wBTC, ETH, USDC and DAI between Fantom, Optimism, Polygon and Arbitrum. Not a single tx had issues. The fact that some 3rd tier chains had their bridges disabled doesn’t mean Fantom is done for

Mentions:#ETH#USDC#DAI

#Harmony Con-Arguments Below is a Harmony con-argument written by noxtrifle. > Though Harmony ONE is touted as the 'next frontier of DeFi' by some, its future hinges uncomfortably on pipe dreams and euphemisms that fail to hide the token's true nature. These include: > > * **Recent $100m exploit sets precedent for future hacks -> highlights lack of security** > * Just less than a month ago, Harmony's Horizon Bridge suffered an attack to the extent that the perpetrator stole over $100 million worth of cryptocurrency including ETH, BNB, USDT, USDC, and DAI, among others. > * According to [a TechCrunch article](https://techcrunch.com/2022/06/24/harmony-blockchain-crypto-hack/), the security of the entire bridge relied on a single 'multisignature' wallet, which needed the consent of two signatures to initiate transactions. While this type of system is certainly more secure than single-signed wallets for the average, this is nowhere near as secure it should be for a protocol that controls billions of user funds on a daily basis. > * It is noted that about $2m worth of tokens were [returned by the Lossless protocol,](https://beincrypto.com/harmony-hack-how-lossless-saved-78m-stolen-tokens/) which may have a promising future. > * **Not Unique** > * Ziliqa exists as an alternative to Harmony, and does almost exactly what Harmony does - albeit on its own network. > * Since Ethereum itself is trying to solve the problems that Harmony identifies, it's only a matter of time before ONE is made obsolete. > * **'Next-gen' technology is a hindrance** > * Harmony's technology [hinges on 5G technology](https://learn.bybit.com/altcoins/harmony-crypto/) to work at full efficiency, which is not available in many parts of the world. > * Hence, accessibility is severely reduced. > * **Infinite Inflation** > * The token's supply is not capped, and it mints 441 million ONE each year. > * As a result, while stakers are rewarded generously, holders continually lose money as the price of ONE is pushed down by excess supply. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_harmony) to find submissions for other topics.

tldr; The market share of stablecoins pegged to the US dollar has shifted over the past year, with Tether (USDT) increasing its dominance to 65.89% and Circle's USD Coin (USDC) declining to 23.05%. Binance USD (BUSD) and Dai (DAI) also saw decreases in market participation. The US banking crisis led to USDC depegging in March, causing its market cap to drop to $29bn from its $55bn peak. Tether has been criticized for lacking transparency, but its latest audit report shows it has reduced counterparty risk by pulling over $4.5bn out of banks and increasing its US Treasury bills to over $53bn. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

I had a friend that did the same thing with DAI last bull run lol

Mentions:#DAI

The problem is certainly not *paying* taxes like that. And you’re just buying stocks at that point. But if you were actually using DeFi or taking a loan that involves a token or transacting with an NFT, you need to calculate the gain/loss and keep that around for your end of year tax bill in the USA. If it was as simple as only paying taxes when you convert back to fiat, a lot more people would do that im sure. But the issues with that, too, are obvious I think. That is just creating a parallel tax free system. It’d be huge for adoption if I could pay the food cart vendor or my house cleaner in DAI and none of us had to worry about taxes. But we do.

Mentions:#DAI

Ethereum with their pathetic dozen of different chains is bound to fail, imagine have multiple wallets and figuring out on which chain what you have, here some nft on polygon, here some DAI on Arbitrum, here some eth on zk, what a clusterfuck.

Mentions:#DAI

DAI still has a significant amount of centralization within its frameworks being largely backed by USDC, although there have been constant efforts recently to reduced this backing to the barest minimum. I have a huge amount of DAI which I’m leveraging for yields on SpoolFi and Beefy and I’m hoping that some day in the near future, it will become fully decentralized; nothing would give me greater joy.

Mentions:#DAI#USDC

DAI is just a wrapped on USDC right now, so the ”de” in defi isn’t all that decentralized.

Mentions:#DAI#USDC

Since DAI is not fiat backed, they have less earning potential from the backing. Now, they do have agreements with Circle and such that they get a decent pass through rate of the USDC that they hold. Tether and Circle are making a shit ton of cash. So much cash that it would be stupid to not be 100% backed.

Mentions:#DAI#USDC

tldr; Decentralized finance (DeFi) protocol MakerDAO increased its DAI savings rate (DSR) to 1% in December 2022. The move led to over 35 million DAI being deposited within a month, as per MakerDAO. Now, a new proposal to increase the DSR to 3.33% is under discussion. The proposal was put forth by risk management firm Block Analitica […] The post MakerDAO looks to increase DAI savings rate by 233% to 3.3% appeared first on CryptoSlate. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#DAI#DSR#DYOR

When I first started out, I bought DAI because I saw it was exactly $1. Cool a round number!

Mentions:#DAI

#Harmony Con-Arguments Below is a Harmony con-argument written by noxtrifle. > Though Harmony ONE is touted as the 'next frontier of DeFi' by some, its future hinges uncomfortably on pipe dreams and euphemisms that fail to hide the token's true nature. These include: > > * **Recent $100m exploit sets precedent for future hacks -> highlights lack of security** > * Just less than a month ago, Harmony's Horizon Bridge suffered an attack to the extent that the perpetrator stole over $100 million worth of cryptocurrency including ETH, BNB, USDT, USDC, and DAI, among others. > * According to [a TechCrunch article](https://techcrunch.com/2022/06/24/harmony-blockchain-crypto-hack/), the security of the entire bridge relied on a single 'multisignature' wallet, which needed the consent of two signatures to initiate transactions. While this type of system is certainly more secure than single-signed wallets for the average, this is nowhere near as secure it should be for a protocol that controls billions of user funds on a daily basis. > * It is noted that about $2m worth of tokens were [returned by the Lossless protocol,](https://beincrypto.com/harmony-hack-how-lossless-saved-78m-stolen-tokens/) which may have a promising future. > * **Not Unique** > * Ziliqa exists as an alternative to Harmony, and does almost exactly what Harmony does - albeit on its own network. > * Since Ethereum itself is trying to solve the problems that Harmony identifies, it's only a matter of time before ONE is made obsolete. > * **'Next-gen' technology is a hindrance** > * Harmony's technology [hinges on 5G technology](https://learn.bybit.com/altcoins/harmony-crypto/) to work at full efficiency, which is not available in many parts of the world. > * Hence, accessibility is severely reduced. > * **Infinite Inflation** > * The token's supply is not capped, and it mints 441 million ONE each year. > * As a result, while stakers are rewarded generously, holders continually lose money as the price of ONE is pushed down by excess supply. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_harmony) to find submissions for other topics.

This is not true for DAI, correct?

Mentions:#DAI

I think the crypto space needs a truly decentralized stablecoin. DAI is a good attempt, but is heavily backed by the centralized USDC, which doesn't make much sense to me.

Mentions:#DAI#USDC

He got so many tastes of his own medicine: * He [theatened to kill the stablecoin DAI](https://preview.redd.it/g77qv6zwitza1.png?width=600&format=png&auto=webp&v=enabled&s=3eb993bd7ed0b6584508d2a63ec77ad3d526b1fe) and then his own UST died * [He always hated on the poor](https://preview.redd.it/w0e914ztgtza1.png?width=603&format=png&auto=webp&v=enabled&s=bfea113193d46f0abc352b2e6aa4c43d2d54a0d1) and then turned poor * He always [mocked people for "their size"](https://preview.redd.it/9brl3wiqgtza1.png?width=567&format=png&auto=webp&v=enabled&s=7ef3d577636fa1447bb3abbd56dbec8ccaba9a86) and then became hated and small.

Mentions:#DAI

Tldr:Santiment data shows that crypto whales and sharks have increased their share of stablecoins like USDC, DAI, and BUSD. These big players are holding 100k to 10 million tokens, which is worth $100k to $10m, and can move the market with their large transactions. The whales are the most important group as they hold the most tokens. They may have turned to stables to avoid Bitcoin volatility but could exchange them back for volatile coins when the time is right, creating buying pressure. The flatlining of their stablecoin supplies suggests they may have slowed down their exit from volatile coins, but if they start using their stables to buy BTC, it could be bullish.

>The initiative also includes the introduction of upgraded versions and new names for its DAI stablecoin and MKR governance token, **as well as a shift towards investing a larger portion of its reserves into real-world assets.** Sounds like a LFG move.

Mentions:#DAI#MKR

Tell that to the shilled DAI and USDC coins here, you guys arent promoting any better alternatives.

Mentions:#DAI#USDC

#Harmony Con-Arguments Below is a Harmony con-argument written by noxtrifle. > Though Harmony ONE is touted as the 'next frontier of DeFi' by some, its future hinges uncomfortably on pipe dreams and euphemisms that fail to hide the token's true nature. These include: > > * **Recent $100m exploit sets precedent for future hacks -> highlights lack of security** > * Just less than a month ago, Harmony's Horizon Bridge suffered an attack to the extent that the perpetrator stole over $100 million worth of cryptocurrency including ETH, BNB, USDT, USDC, and DAI, among others. > * According to [a TechCrunch article](https://techcrunch.com/2022/06/24/harmony-blockchain-crypto-hack/), the security of the entire bridge relied on a single 'multisignature' wallet, which needed the consent of two signatures to initiate transactions. While this type of system is certainly more secure than single-signed wallets for the average, this is nowhere near as secure it should be for a protocol that controls billions of user funds on a daily basis. > * It is noted that about $2m worth of tokens were [returned by the Lossless protocol,](https://beincrypto.com/harmony-hack-how-lossless-saved-78m-stolen-tokens/) which may have a promising future. > * **Not Unique** > * Ziliqa exists as an alternative to Harmony, and does almost exactly what Harmony does - albeit on its own network. > * Since Ethereum itself is trying to solve the problems that Harmony identifies, it's only a matter of time before ONE is made obsolete. > * **'Next-gen' technology is a hindrance** > * Harmony's technology [hinges on 5G technology](https://learn.bybit.com/altcoins/harmony-crypto/) to work at full efficiency, which is not available in many parts of the world. > * Hence, accessibility is severely reduced. > * **Infinite Inflation** > * The token's supply is not capped, and it mints 441 million ONE each year. > * As a result, while stakers are rewarded generously, holders continually lose money as the price of ONE is pushed down by excess supply. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_harmony) to find submissions for other topics.

If you're not trying to look shady, your best bet us Coinbase commerce. You can set up an account there and per their site: "We currently support ApeCoin, Bitcoin, Bitcoin Cash, DAI, Dogecoin, Ethereum, Litecoin, SHIBA INU, Tether and USD Coin. We also support MATIC, USD Coin, and Wrapped Ether (WETH) on Polygon"

I'm excited to see the loss porn that will come out of this. It all started with 72 DAI and now the house is being repossessed.

Mentions:#DAI

I think that we need an actually decentralized stablecoin. DAI is a good try but it's still very dependent on USDC, which doesn't make much sense if you claim to be decentralized.

Mentions:#DAI#USDC

I appreciate that DAI is expanding its use cases in DeFi. I think that basing all DeFi on centralized stablecoins is kind of a paradox. Problem is that a big part of the funds backing DAI is USDC.

Mentions:#DAI#USDC

tldr; MakerDAO has announced the launch of Spark Protocol, a DeFi lending protocol focused on its own stablecoin, DAI. DAI is only soft-pegged to the US dollar. Spark Protocol allows users to take out loans on credit at an annual rate of 1.11%. Spark Protocol will be available to all DeFi users starting May 9, 2023. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#DAI#DYOR

tldr; Crypto.com has added Polygon (MATIC), USD Coin (USDC), and Dai (DAI) to Crypto.com Pay, a fiat-to-crypto on-ramp service enabling the purchase of cryptocurrency via credit or debit card. The exchange recently launched a virtual assistant built on the GPT API to assist customers. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Correction: USDR uses DAI as backing, and earns yield through real-estate (which I found quite interesting). Other yield-earning stablecoins include USD+ and CASH. Just make sure to do research on where the yield comes from and be aware of the fees in buying/selling them.

#Harmony Con-Arguments Below is a Harmony con-argument written by noxtrifle. > Though Harmony ONE is touted as the 'next frontier of DeFi' by some, its future hinges uncomfortably on pipe dreams and euphemisms that fail to hide the token's true nature. These include: > > * **Recent $100m exploit sets precedent for future hacks -> highlights lack of security** > * Just less than a month ago, Harmony's Horizon Bridge suffered an attack to the extent that the perpetrator stole over $100 million worth of cryptocurrency including ETH, BNB, USDT, USDC, and DAI, among others. > * According to [a TechCrunch article](https://techcrunch.com/2022/06/24/harmony-blockchain-crypto-hack/), the security of the entire bridge relied on a single 'multisignature' wallet, which needed the consent of two signatures to initiate transactions. While this type of system is certainly more secure than single-signed wallets for the average, this is nowhere near as secure it should be for a protocol that controls billions of user funds on a daily basis. > * It is noted that about $2m worth of tokens were [returned by the Lossless protocol,](https://beincrypto.com/harmony-hack-how-lossless-saved-78m-stolen-tokens/) which may have a promising future. > * **Not Unique** > * Ziliqa exists as an alternative to Harmony, and does almost exactly what Harmony does - albeit on its own network. > * Since Ethereum itself is trying to solve the problems that Harmony identifies, it's only a matter of time before ONE is made obsolete. > * **'Next-gen' technology is a hindrance** > * Harmony's technology [hinges on 5G technology](https://learn.bybit.com/altcoins/harmony-crypto/) to work at full efficiency, which is not available in many parts of the world. > * Hence, accessibility is severely reduced. > * **Infinite Inflation** > * The token's supply is not capped, and it mints 441 million ONE each year. > * As a result, while stakers are rewarded generously, holders continually lose money as the price of ONE is pushed down by excess supply. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_harmony) to find submissions for other topics.

tldr; The US Justice Department's crypto enforcement team is cracking down on DeFi hackers and exploiters, amid a four-year rise in illicit crypto activity. North Korean hackers stole an estimated $630 million to $1 billion of crypto assets in 2022. The biggest DeFi hack so far this year was reported on March 13 with over $196 million in DAI, USDC, staked Ether and Wrapped Bitcoin stolen. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

#Harmony Con-Arguments Below is a Harmony con-argument written by noxtrifle. > Though Harmony ONE is touted as the 'next frontier of DeFi' by some, its future hinges uncomfortably on pipe dreams and euphemisms that fail to hide the token's true nature. These include: > > * **Recent $100m exploit sets precedent for future hacks -> highlights lack of security** > * Just less than a month ago, Harmony's Horizon Bridge suffered an attack to the extent that the perpetrator stole over $100 million worth of cryptocurrency including ETH, BNB, USDT, USDC, and DAI, among others. > * According to [a TechCrunch article](https://techcrunch.com/2022/06/24/harmony-blockchain-crypto-hack/), the security of the entire bridge relied on a single 'multisignature' wallet, which needed the consent of two signatures to initiate transactions. While this type of system is certainly more secure than single-signed wallets for the average, this is nowhere near as secure it should be for a protocol that controls billions of user funds on a daily basis. > * It is noted that about $2m worth of tokens were [returned by the Lossless protocol,](https://beincrypto.com/harmony-hack-how-lossless-saved-78m-stolen-tokens/) which may have a promising future. > * **Not Unique** > * Ziliqa exists as an alternative to Harmony, and does almost exactly what Harmony does - albeit on its own network. > * Since Ethereum itself is trying to solve the problems that Harmony identifies, it's only a matter of time before ONE is made obsolete. > * **'Next-gen' technology is a hindrance** > * Harmony's technology [hinges on 5G technology](https://learn.bybit.com/altcoins/harmony-crypto/) to work at full efficiency, which is not available in many parts of the world. > * Hence, accessibility is severely reduced. > * **Infinite Inflation** > * The token's supply is not capped, and it mints 441 million ONE each year. > * As a result, while stakers are rewarded generously, holders continually lose money as the price of ONE is pushed down by excess supply. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_harmony) to find submissions for other topics.

#Harmony Con-Arguments Below is a Harmony con-argument written by noxtrifle. > Though Harmony ONE is touted as the 'next frontier of DeFi' by some, its future hinges uncomfortably on pipe dreams and euphemisms that fail to hide the token's true nature. These include: > > * **Recent $100m exploit sets precedent for future hacks -> highlights lack of security** > * Just less than a month ago, Harmony's Horizon Bridge suffered an attack to the extent that the perpetrator stole over $100 million worth of cryptocurrency including ETH, BNB, USDT, USDC, and DAI, among others. > * According to [a TechCrunch article](https://techcrunch.com/2022/06/24/harmony-blockchain-crypto-hack/), the security of the entire bridge relied on a single 'multisignature' wallet, which needed the consent of two signatures to initiate transactions. While this type of system is certainly more secure than single-signed wallets for the average, this is nowhere near as secure it should be for a protocol that controls billions of user funds on a daily basis. > * It is noted that about $2m worth of tokens were [returned by the Lossless protocol,](https://beincrypto.com/harmony-hack-how-lossless-saved-78m-stolen-tokens/) which may have a promising future. > * **Not Unique** > * Ziliqa exists as an alternative to Harmony, and does almost exactly what Harmony does - albeit on its own network. > * Since Ethereum itself is trying to solve the problems that Harmony identifies, it's only a matter of time before ONE is made obsolete. > * **'Next-gen' technology is a hindrance** > * Harmony's technology [hinges on 5G technology](https://learn.bybit.com/altcoins/harmony-crypto/) to work at full efficiency, which is not available in many parts of the world. > * Hence, accessibility is severely reduced. > * **Infinite Inflation** > * The token's supply is not capped, and it mints 441 million ONE each year. > * As a result, while stakers are rewarded generously, holders continually lose money as the price of ONE is pushed down by excess supply. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_harmony) to find submissions for other topics.

#Harmony Con-Arguments Below is a Harmony con-argument written by noxtrifle. > Though Harmony ONE is touted as the 'next frontier of DeFi' by some, its future hinges uncomfortably on pipe dreams and euphemisms that fail to hide the token's true nature. These include: > > * **Recent $100m exploit sets precedent for future hacks -> highlights lack of security** > * Just less than a month ago, Harmony's Horizon Bridge suffered an attack to the extent that the perpetrator stole over $100 million worth of cryptocurrency including ETH, BNB, USDT, USDC, and DAI, among others. > * According to [a TechCrunch article](https://techcrunch.com/2022/06/24/harmony-blockchain-crypto-hack/), the security of the entire bridge relied on a single 'multisignature' wallet, which needed the consent of two signatures to initiate transactions. While this type of system is certainly more secure than single-signed wallets for the average, this is nowhere near as secure it should be for a protocol that controls billions of user funds on a daily basis. > * It is noted that about $2m worth of tokens were [returned by the Lossless protocol,](https://beincrypto.com/harmony-hack-how-lossless-saved-78m-stolen-tokens/) which may have a promising future. > * **Not Unique** > * Ziliqa exists as an alternative to Harmony, and does almost exactly what Harmony does - albeit on its own network. > * Since Ethereum itself is trying to solve the problems that Harmony identifies, it's only a matter of time before ONE is made obsolete. > * **'Next-gen' technology is a hindrance** > * Harmony's technology [hinges on 5G technology](https://learn.bybit.com/altcoins/harmony-crypto/) to work at full efficiency, which is not available in many parts of the world. > * Hence, accessibility is severely reduced. > * **Infinite Inflation** > * The token's supply is not capped, and it mints 441 million ONE each year. > * As a result, while stakers are rewarded generously, holders continually lose money as the price of ONE is pushed down by excess supply. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_harmony) to find submissions for other topics.

#Harmony Con-Arguments Below is a Harmony con-argument written by noxtrifle. > Though Harmony ONE is touted as the 'next frontier of DeFi' by some, its future hinges uncomfortably on pipe dreams and euphemisms that fail to hide the token's true nature. These include: > > * **Recent $100m exploit sets precedent for future hacks -> highlights lack of security** > * Just less than a month ago, Harmony's Horizon Bridge suffered an attack to the extent that the perpetrator stole over $100 million worth of cryptocurrency including ETH, BNB, USDT, USDC, and DAI, among others. > * According to [a TechCrunch article](https://techcrunch.com/2022/06/24/harmony-blockchain-crypto-hack/), the security of the entire bridge relied on a single 'multisignature' wallet, which needed the consent of two signatures to initiate transactions. While this type of system is certainly more secure than single-signed wallets for the average, this is nowhere near as secure it should be for a protocol that controls billions of user funds on a daily basis. > * It is noted that about $2m worth of tokens were [returned by the Lossless protocol,](https://beincrypto.com/harmony-hack-how-lossless-saved-78m-stolen-tokens/) which may have a promising future. > * **Not Unique** > * Ziliqa exists as an alternative to Harmony, and does almost exactly what Harmony does - albeit on its own network. > * Since Ethereum itself is trying to solve the problems that Harmony identifies, it's only a matter of time before ONE is made obsolete. > * **'Next-gen' technology is a hindrance** > * Harmony's technology [hinges on 5G technology](https://learn.bybit.com/altcoins/harmony-crypto/) to work at full efficiency, which is not available in many parts of the world. > * Hence, accessibility is severely reduced. > * **Infinite Inflation** > * The token's supply is not capped, and it mints 441 million ONE each year. > * As a result, while stakers are rewarded generously, holders continually lose money as the price of ONE is pushed down by excess supply. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_harmony) to find submissions for other topics.

#Harmony Con-Arguments Below is a Harmony con-argument written by noxtrifle. > Though Harmony ONE is touted as the 'next frontier of DeFi' by some, its future hinges uncomfortably on pipe dreams and euphemisms that fail to hide the token's true nature. These include: > > * **Recent $100m exploit sets precedent for future hacks -> highlights lack of security** > * Just less than a month ago, Harmony's Horizon Bridge suffered an attack to the extent that the perpetrator stole over $100 million worth of cryptocurrency including ETH, BNB, USDT, USDC, and DAI, among others. > * According to [a TechCrunch article](https://techcrunch.com/2022/06/24/harmony-blockchain-crypto-hack/), the security of the entire bridge relied on a single 'multisignature' wallet, which needed the consent of two signatures to initiate transactions. While this type of system is certainly more secure than single-signed wallets for the average, this is nowhere near as secure it should be for a protocol that controls billions of user funds on a daily basis. > * It is noted that about $2m worth of tokens were [returned by the Lossless protocol,](https://beincrypto.com/harmony-hack-how-lossless-saved-78m-stolen-tokens/) which may have a promising future. > * **Not Unique** > * Ziliqa exists as an alternative to Harmony, and does almost exactly what Harmony does - albeit on its own network. > * Since Ethereum itself is trying to solve the problems that Harmony identifies, it's only a matter of time before ONE is made obsolete. > * **'Next-gen' technology is a hindrance** > * Harmony's technology [hinges on 5G technology](https://learn.bybit.com/altcoins/harmony-crypto/) to work at full efficiency, which is not available in many parts of the world. > * Hence, accessibility is severely reduced. > * **Infinite Inflation** > * The token's supply is not capped, and it mints 441 million ONE each year. > * As a result, while stakers are rewarded generously, holders continually lose money as the price of ONE is pushed down by excess supply. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_harmony) to find submissions for other topics.

#Harmony Con-Arguments Below is a Harmony con-argument written by noxtrifle. > Though Harmony ONE is touted as the 'next frontier of DeFi' by some, its future hinges uncomfortably on pipe dreams and euphemisms that fail to hide the token's true nature. These include: > > * **Recent $100m exploit sets precedent for future hacks -> highlights lack of security** > * Just less than a month ago, Harmony's Horizon Bridge suffered an attack to the extent that the perpetrator stole over $100 million worth of cryptocurrency including ETH, BNB, USDT, USDC, and DAI, among others. > * According to [a TechCrunch article](https://techcrunch.com/2022/06/24/harmony-blockchain-crypto-hack/), the security of the entire bridge relied on a single 'multisignature' wallet, which needed the consent of two signatures to initiate transactions. While this type of system is certainly more secure than single-signed wallets for the average, this is nowhere near as secure it should be for a protocol that controls billions of user funds on a daily basis. > * It is noted that about $2m worth of tokens were [returned by the Lossless protocol,](https://beincrypto.com/harmony-hack-how-lossless-saved-78m-stolen-tokens/) which may have a promising future. > * **Not Unique** > * Ziliqa exists as an alternative to Harmony, and does almost exactly what Harmony does - albeit on its own network. > * Since Ethereum itself is trying to solve the problems that Harmony identifies, it's only a matter of time before ONE is made obsolete. > * **'Next-gen' technology is a hindrance** > * Harmony's technology [hinges on 5G technology](https://learn.bybit.com/altcoins/harmony-crypto/) to work at full efficiency, which is not available in many parts of the world. > * Hence, accessibility is severely reduced. > * **Infinite Inflation** > * The token's supply is not capped, and it mints 441 million ONE each year. > * As a result, while stakers are rewarded generously, holders continually lose money as the price of ONE is pushed down by excess supply. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_harmony) to find submissions for other topics.

#Harmony Con-Arguments Below is a Harmony con-argument written by noxtrifle. > Though Harmony ONE is touted as the 'next frontier of DeFi' by some, its future hinges uncomfortably on pipe dreams and euphemisms that fail to hide the token's true nature. These include: > > * **Recent $100m exploit sets precedent for future hacks -> highlights lack of security** > * Just less than a month ago, Harmony's Horizon Bridge suffered an attack to the extent that the perpetrator stole over $100 million worth of cryptocurrency including ETH, BNB, USDT, USDC, and DAI, among others. > * According to [a TechCrunch article](https://techcrunch.com/2022/06/24/harmony-blockchain-crypto-hack/), the security of the entire bridge relied on a single 'multisignature' wallet, which needed the consent of two signatures to initiate transactions. While this type of system is certainly more secure than single-signed wallets for the average, this is nowhere near as secure it should be for a protocol that controls billions of user funds on a daily basis. > * It is noted that about $2m worth of tokens were [returned by the Lossless protocol,](https://beincrypto.com/harmony-hack-how-lossless-saved-78m-stolen-tokens/) which may have a promising future. > * **Not Unique** > * Ziliqa exists as an alternative to Harmony, and does almost exactly what Harmony does - albeit on its own network. > * Since Ethereum itself is trying to solve the problems that Harmony identifies, it's only a matter of time before ONE is made obsolete. > * **'Next-gen' technology is a hindrance** > * Harmony's technology [hinges on 5G technology](https://learn.bybit.com/altcoins/harmony-crypto/) to work at full efficiency, which is not available in many parts of the world. > * Hence, accessibility is severely reduced. > * **Infinite Inflation** > * The token's supply is not capped, and it mints 441 million ONE each year. > * As a result, while stakers are rewarded generously, holders continually lose money as the price of ONE is pushed down by excess supply. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_harmony) to find submissions for other topics.

My first ever hot wallet was Metamask and I use it to this day. It has come a long way in terms of functionality and design, and I dare say it get the balance between being feature-rich and user-friendly just right. Another wallet you may check out is Trust wallet. It's also really easy to use and in some ways, has a smoother learning curve than Metamask. About your second question, virtually ALL stablecoins have one thing or another about them that makes them risky. For USDT, it comes down to lack of transparency by Tether. Other stablecoins like BUSD, USDC, DAI, USDD, USDP, they all have their own set of evils. So yes, you're much better off keeping your hard earned money in fiat. You really have nothing to lose by selling USDT for USD or another fiat currency of your choice. As a beginner, you need to 100% prioritise the stability, safety, and preservation of your financial grounds. Once you have achieved a certain level of buffer, that's when risk-taking starts to make sense. Hope this helps.

This is just misinformed shit. You could say the same about eth then because the utility is the same. Also ageUSD protocol > DAI for multiple reasons.

Mentions:#DAI

#Harmony Con-Arguments Below is a Harmony con-argument written by noxtrifle. > Though Harmony ONE is touted as the 'next frontier of DeFi' by some, its future hinges uncomfortably on pipe dreams and euphemisms that fail to hide the token's true nature. These include: > > * **Recent $100m exploit sets precedent for future hacks -> highlights lack of security** > * Just less than a month ago, Harmony's Horizon Bridge suffered an attack to the extent that the perpetrator stole over $100 million worth of cryptocurrency including ETH, BNB, USDT, USDC, and DAI, among others. > * According to [a TechCrunch article](https://techcrunch.com/2022/06/24/harmony-blockchain-crypto-hack/), the security of the entire bridge relied on a single 'multisignature' wallet, which needed the consent of two signatures to initiate transactions. While this type of system is certainly more secure than single-signed wallets for the average, this is nowhere near as secure it should be for a protocol that controls billions of user funds on a daily basis. > * It is noted that about $2m worth of tokens were [returned by the Lossless protocol,](https://beincrypto.com/harmony-hack-how-lossless-saved-78m-stolen-tokens/) which may have a promising future. > * **Not Unique** > * Ziliqa exists as an alternative to Harmony, and does almost exactly what Harmony does - albeit on its own network. > * Since Ethereum itself is trying to solve the problems that Harmony identifies, it's only a matter of time before ONE is made obsolete. > * **'Next-gen' technology is a hindrance** > * Harmony's technology [hinges on 5G technology](https://learn.bybit.com/altcoins/harmony-crypto/) to work at full efficiency, which is not available in many parts of the world. > * Hence, accessibility is severely reduced. > * **Infinite Inflation** > * The token's supply is not capped, and it mints 441 million ONE each year. > * As a result, while stakers are rewarded generously, holders continually lose money as the price of ONE is pushed down by excess supply. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_harmony) to find submissions for other topics.

There are several smart vaults for USDC, USDT and DAI; each which their own APYs with the higher risk vaults having higher APYs and vice versa. I think you should have a proper look at the full list of vaults they've got; surely you'll find something worthwhile.

For anyone who wants to make actionable use of this figure: there may be a scare like when the market thought USDC would default this March from the SVB collapse. If you were smart, you bought up USDC and DAI.

Mentions:#USDC#DAI

same goes for DAI (backed by USDC) And USDT, they are all mostly backed by treasuries. I hope the USA will make the right choice and not default

Because it ate all of BUSD/USDC's market share, when the SEC pushed insecurities about their networks! Terra-Luna was of similar size, but that money was stolen and robbed, while the withdrawls were locked and insanity broke out trying to recover losses. USDT would just blend into BUSD/USDC/DAI's market share, as they are still existing. It would still be undoubtedly hard and difficult for us, but unless, there was a critical failure similar to UST/LUNA, I don't think it will be nearly as bad because a new stablecoin like USDT2 could pop up overnight with similar non-credible "trust me bro" reserves to take its place!

#Harmony Con-Arguments Below is a Harmony con-argument written by noxtrifle. > Though Harmony ONE is touted as the 'next frontier of DeFi' by some, its future hinges uncomfortably on pipe dreams and euphemisms that fail to hide the token's true nature. These include: > > * **Recent $100m exploit sets precedent for future hacks -> highlights lack of security** > * Just less than a month ago, Harmony's Horizon Bridge suffered an attack to the extent that the perpetrator stole over $100 million worth of cryptocurrency including ETH, BNB, USDT, USDC, and DAI, among others. > * According to [a TechCrunch article](https://techcrunch.com/2022/06/24/harmony-blockchain-crypto-hack/), the security of the entire bridge relied on a single 'multisignature' wallet, which needed the consent of two signatures to initiate transactions. While this type of system is certainly more secure than single-signed wallets for the average, this is nowhere near as secure it should be for a protocol that controls billions of user funds on a daily basis. > * It is noted that about $2m worth of tokens were [returned by the Lossless protocol,](https://beincrypto.com/harmony-hack-how-lossless-saved-78m-stolen-tokens/) which may have a promising future. > * **Not Unique** > * Ziliqa exists as an alternative to Harmony, and does almost exactly what Harmony does - albeit on its own network. > * Since Ethereum itself is trying to solve the problems that Harmony identifies, it's only a matter of time before ONE is made obsolete. > * **'Next-gen' technology is a hindrance** > * Harmony's technology [hinges on 5G technology](https://learn.bybit.com/altcoins/harmony-crypto/) to work at full efficiency, which is not available in many parts of the world. > * Hence, accessibility is severely reduced. > * **Infinite Inflation** > * The token's supply is not capped, and it mints 441 million ONE each year. > * As a result, while stakers are rewarded generously, holders continually lose money as the price of ONE is pushed down by excess supply. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_harmony) to find submissions for other topics.

He delivers his points well, but he misses the forest for the trees to play to his audience. Do it again but instead of UST do DAI/LUSD, instead of Celsius do AAVE, and instead of FTX do Uniswap and see if it still works. Crypto didn't fail, people did. Crypto and DeFi did just fine.

#Harmony Con-Arguments Below is a Harmony con-argument written by noxtrifle. > Though Harmony ONE is touted as the 'next frontier of DeFi' by some, its future hinges uncomfortably on pipe dreams and euphemisms that fail to hide the token's true nature. These include: > > * **Recent $100m exploit sets precedent for future hacks -> highlights lack of security** > * Just less than a month ago, Harmony's Horizon Bridge suffered an attack to the extent that the perpetrator stole over $100 million worth of cryptocurrency including ETH, BNB, USDT, USDC, and DAI, among others. > * According to [a TechCrunch article](https://techcrunch.com/2022/06/24/harmony-blockchain-crypto-hack/), the security of the entire bridge relied on a single 'multisignature' wallet, which needed the consent of two signatures to initiate transactions. While this type of system is certainly more secure than single-signed wallets for the average, this is nowhere near as secure it should be for a protocol that controls billions of user funds on a daily basis. > * It is noted that about $2m worth of tokens were [returned by the Lossless protocol,](https://beincrypto.com/harmony-hack-how-lossless-saved-78m-stolen-tokens/) which may have a promising future. > * **Not Unique** > * Ziliqa exists as an alternative to Harmony, and does almost exactly what Harmony does - albeit on its own network. > * Since Ethereum itself is trying to solve the problems that Harmony identifies, it's only a matter of time before ONE is made obsolete. > * **'Next-gen' technology is a hindrance** > * Harmony's technology [hinges on 5G technology](https://learn.bybit.com/altcoins/harmony-crypto/) to work at full efficiency, which is not available in many parts of the world. > * Hence, accessibility is severely reduced. > * **Infinite Inflation** > * The token's supply is not capped, and it mints 441 million ONE each year. > * As a result, while stakers are rewarded generously, holders continually lose money as the price of ONE is pushed down by excess supply. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_harmony) to find submissions for other topics.

I'm surprised that whales are more confident in DAI(backed by USDC and some ETH) than USDC(backed by actual money in the bank account)

Mentions:#DAI#USDC#ETH

>The sales came after Vitalik Buterin, the co-founder of the Ethereum blockchain, and the Ethereum Foundation, sold coins worth roughly $30 million on Kraken, a U.S.-based centralized exchange a few hours earlier. >The panic may have set in when the first whale converted 9,950 ETH for 18.63 million DAI. Shortly after, another whale dumped 9,140 ETH for 17.07 million DAI. A lot by most peoples standards, but not in the grand scheme of things. Price dipped a little but confident it won’t stay down for long🤞

Mentions:#ETH#DAI

**Crypto Forefront 9 May 2023 -** \- Sam Bankman-Fried asks judge to dismiss all criminal charges against him in FTX fraud case, citing not guilty. \- MakerDAO launches spark protocol, a new DeFi lending solution for DAI use. \- Coinbase is considering UAE as a potential crypto international hub, CEO says. \- Ripple's legal battle with the SEC might cost over $200 million. \- The US Securities and Exchange Commission is repordtedly close to taking enforcement action againt binance. \- Bittrex Exchanges Files for Bankruptcy After Regulatory Setback

Mentions:#FTX#DAI#CEO

Key takeaways: * MakerDAO has introduced Spark, a DeFi lending protocol that enables users to borrow dai (DAI) stablecoin. * Spark is built on the Optimistic Rollup technology and is designed to increase the liquidity of DAI. * The protocol is expected to increase the adoption of DAI and reduce the cost of borrowing for users.

Mentions:#DAI

Op makes it look like shorting stables is something common 😅 That has been the case a few times (last time was BUSD/DAI) but i dunno anyone can bet on such incidents as an invest strategy

Mentions:#BUSD#DAI

So let's look at Tether's 1-month chart: https://i.imgur.com/KFFw0Wj.jpg Personally not a ~~gambler~~ leverage trader, but it looks like taking a short position would result in getting screwed about 50% of the time. Similar situation with DAI: https://i.imgur.com/DapZj7R.jpg USDC: https://i.imgur.com/y09yjrf.jpg

Mentions:#DAI#USDC

No, sending any amount will cost the same, you're paying for the complexity of the transaction, not it's value. Sending ether from one wallet to another currently costs ~ $4. Sending ERC-20 tokens (e.g. USDC or DAI) costs ~ $12. Swapping tokens costs between $25 and $35, depending on which dApp you use. You can always check expected transaction prices at: https://etherscan.io/gastracker

Mentions:#USDC#DAI

So let's hit up some examples. WETH:MOONS should be about a 1:10k ratio right now if you add them to the Sushi pool based on their prices. This is because ETH is ~1900 USD and 1 MOON is 0.175 USD. So you'd need to put in at that ratio or make your own pool with a custom ratio like 1:1 (which will either get arbed or never used as its pricing is off and AMMs/DEXs try to get users the best price) There are exceptions with weighted pools which are probably best illustrated with Balancer. They use weighted pools and multiple assets so they can say the "weight" of an asset (its USD price times the amount of asset in the pool) should be a set percentage of the pool like 20% while the other assets would have a "weight" of 80%. This is generally used for pools with more than 2 assets, assets that are relatively stable to each other like DAI/USDC, or assets where they can sorta gauge that the majority of trades will be in one direction.

The most interesting thing about this is that they chose DAI.

Mentions:#DAI

2 whales panicked and dumped 19,090 $ETH ($35.7M) on Uniswap after the ETH Foundation dumped 15,000 ETH ($29.7M) to Kraken. - 0x6071 exchanged 9,950 $ETH for 18.63M $DAI at $1,873. - 0x7641 exchanged 9,140 $ETH for 17.07M $DAI at $1,867.

Mentions:#ETH#DAI

*DAI has entered the chat* ..but in all seriously DAI is the only tried and tested stable to do this so far

Mentions:#DAI

#Harmony Con-Arguments Below is a Harmony con-argument written by noxtrifle. > Though Harmony ONE is touted as the 'next frontier of DeFi' by some, its future hinges uncomfortably on pipe dreams and euphemisms that fail to hide the token's true nature. These include: > > * **Recent $100m exploit sets precedent for future hacks -> highlights lack of security** > * Just less than a month ago, Harmony's Horizon Bridge suffered an attack to the extent that the perpetrator stole over $100 million worth of cryptocurrency including ETH, BNB, USDT, USDC, and DAI, among others. > * According to [a TechCrunch article](https://techcrunch.com/2022/06/24/harmony-blockchain-crypto-hack/), the security of the entire bridge relied on a single 'multisignature' wallet, which needed the consent of two signatures to initiate transactions. While this type of system is certainly more secure than single-signed wallets for the average, this is nowhere near as secure it should be for a protocol that controls billions of user funds on a daily basis. > * It is noted that about $2m worth of tokens were [returned by the Lossless protocol,](https://beincrypto.com/harmony-hack-how-lossless-saved-78m-stolen-tokens/) which may have a promising future. > * **Not Unique** > * Ziliqa exists as an alternative to Harmony, and does almost exactly what Harmony does - albeit on its own network. > * Since Ethereum itself is trying to solve the problems that Harmony identifies, it's only a matter of time before ONE is made obsolete. > * **'Next-gen' technology is a hindrance** > * Harmony's technology [hinges on 5G technology](https://learn.bybit.com/altcoins/harmony-crypto/) to work at full efficiency, which is not available in many parts of the world. > * Hence, accessibility is severely reduced. > * **Infinite Inflation** > * The token's supply is not capped, and it mints 441 million ONE each year. > * As a result, while stakers are rewarded generously, holders continually lose money as the price of ONE is pushed down by excess supply. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_harmony) to find submissions for other topics.

Never heard of DEI either. DAI yes but not DEI

Mentions:#DEI#DAI

Did you mean DAI? Or is this a coin I could care less about ?

Mentions:#DAI

For a second read DAI and got a misplaced heart beat

Mentions:#DAI

#Harmony Con-Arguments Below is a Harmony con-argument written by noxtrifle. > Though Harmony ONE is touted as the 'next frontier of DeFi' by some, its future hinges uncomfortably on pipe dreams and euphemisms that fail to hide the token's true nature. These include: > > * **Recent $100m exploit sets precedent for future hacks -> highlights lack of security** > * Just less than a month ago, Harmony's Horizon Bridge suffered an attack to the extent that the perpetrator stole over $100 million worth of cryptocurrency including ETH, BNB, USDT, USDC, and DAI, among others. > * According to [a TechCrunch article](https://techcrunch.com/2022/06/24/harmony-blockchain-crypto-hack/), the security of the entire bridge relied on a single 'multisignature' wallet, which needed the consent of two signatures to initiate transactions. While this type of system is certainly more secure than single-signed wallets for the average, this is nowhere near as secure it should be for a protocol that controls billions of user funds on a daily basis. > * It is noted that about $2m worth of tokens were [returned by the Lossless protocol,](https://beincrypto.com/harmony-hack-how-lossless-saved-78m-stolen-tokens/) which may have a promising future. > * **Not Unique** > * Ziliqa exists as an alternative to Harmony, and does almost exactly what Harmony does - albeit on its own network. > * Since Ethereum itself is trying to solve the problems that Harmony identifies, it's only a matter of time before ONE is made obsolete. > * **'Next-gen' technology is a hindrance** > * Harmony's technology [hinges on 5G technology](https://learn.bybit.com/altcoins/harmony-crypto/) to work at full efficiency, which is not available in many parts of the world. > * Hence, accessibility is severely reduced. > * **Infinite Inflation** > * The token's supply is not capped, and it mints 441 million ONE each year. > * As a result, while stakers are rewarded generously, holders continually lose money as the price of ONE is pushed down by excess supply. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_harmony) to find submissions for other topics.

Its not stupid. These loans typically automatically sell your assets *below* spot price to ensure that the loan is paid back in full in case Bitcoin drops in value too kuch. The loss is always on the one that lends This is exactly how MakerDAO and DAI operates: you deposited crypto and you mint DAI in return. If your crypto decreases in values too much, it will be sold

Mentions:#DAI

Curve is probably one of the best entities to pull off making a stablecoin It looks similar to DAI, which means it is only being minted by over-collateralized loans

Mentions:#DAI

tldr; HydraDX is looking forward to Q2 2023 and beyond on how to deploy the remainder of the POL funds sourced from the LBP. Referendum #43 has now been passed following an active community discussion. The key list of actions for the diversification and deployment of the remaining liquidity are as follows: Buy 1,000,000 DAI worth of HDX. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

#Harmony Con-Arguments Below is a Harmony con-argument written by noxtrifle. > Though Harmony ONE is touted as the 'next frontier of DeFi' by some, its future hinges uncomfortably on pipe dreams and euphemisms that fail to hide the token's true nature. These include: > > * **Recent $100m exploit sets precedent for future hacks -> highlights lack of security** > * Just less than a month ago, Harmony's Horizon Bridge suffered an attack to the extent that the perpetrator stole over $100 million worth of cryptocurrency including ETH, BNB, USDT, USDC, and DAI, among others. > * According to [a TechCrunch article](https://techcrunch.com/2022/06/24/harmony-blockchain-crypto-hack/), the security of the entire bridge relied on a single 'multisignature' wallet, which needed the consent of two signatures to initiate transactions. While this type of system is certainly more secure than single-signed wallets for the average, this is nowhere near as secure it should be for a protocol that controls billions of user funds on a daily basis. > * It is noted that about $2m worth of tokens were [returned by the Lossless protocol,](https://beincrypto.com/harmony-hack-how-lossless-saved-78m-stolen-tokens/) which may have a promising future. > * **Not Unique** > * Ziliqa exists as an alternative to Harmony, and does almost exactly what Harmony does - albeit on its own network. > * Since Ethereum itself is trying to solve the problems that Harmony identifies, it's only a matter of time before ONE is made obsolete. > * **'Next-gen' technology is a hindrance** > * Harmony's technology [hinges on 5G technology](https://learn.bybit.com/altcoins/harmony-crypto/) to work at full efficiency, which is not available in many parts of the world. > * Hence, accessibility is severely reduced. > * **Infinite Inflation** > * The token's supply is not capped, and it mints 441 million ONE each year. > * As a result, while stakers are rewarded generously, holders continually lose money as the price of ONE is pushed down by excess supply. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_harmony) to find submissions for other topics.

#Harmony Con-Arguments Below is a Harmony con-argument written by noxtrifle. > Though Harmony ONE is touted as the 'next frontier of DeFi' by some, its future hinges uncomfortably on pipe dreams and euphemisms that fail to hide the token's true nature. These include: > > * **Recent $100m exploit sets precedent for future hacks -> highlights lack of security** > * Just less than a month ago, Harmony's Horizon Bridge suffered an attack to the extent that the perpetrator stole over $100 million worth of cryptocurrency including ETH, BNB, USDT, USDC, and DAI, among others. > * According to [a TechCrunch article](https://techcrunch.com/2022/06/24/harmony-blockchain-crypto-hack/), the security of the entire bridge relied on a single 'multisignature' wallet, which needed the consent of two signatures to initiate transactions. While this type of system is certainly more secure than single-signed wallets for the average, this is nowhere near as secure it should be for a protocol that controls billions of user funds on a daily basis. > * It is noted that about $2m worth of tokens were [returned by the Lossless protocol,](https://beincrypto.com/harmony-hack-how-lossless-saved-78m-stolen-tokens/) which may have a promising future. > * **Not Unique** > * Ziliqa exists as an alternative to Harmony, and does almost exactly what Harmony does - albeit on its own network. > * Since Ethereum itself is trying to solve the problems that Harmony identifies, it's only a matter of time before ONE is made obsolete. > * **'Next-gen' technology is a hindrance** > * Harmony's technology [hinges on 5G technology](https://learn.bybit.com/altcoins/harmony-crypto/) to work at full efficiency, which is not available in many parts of the world. > * Hence, accessibility is severely reduced. > * **Infinite Inflation** > * The token's supply is not capped, and it mints 441 million ONE each year. > * As a result, while stakers are rewarded generously, holders continually lose money as the price of ONE is pushed down by excess supply. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_harmony) to find submissions for other topics.

#Harmony Con-Arguments Below is a Harmony con-argument written by noxtrifle. > Though Harmony ONE is touted as the 'next frontier of DeFi' by some, its future hinges uncomfortably on pipe dreams and euphemisms that fail to hide the token's true nature. These include: > > * **Recent $100m exploit sets precedent for future hacks -> highlights lack of security** > * Just less than a month ago, Harmony's Horizon Bridge suffered an attack to the extent that the perpetrator stole over $100 million worth of cryptocurrency including ETH, BNB, USDT, USDC, and DAI, among others. > * According to [a TechCrunch article](https://techcrunch.com/2022/06/24/harmony-blockchain-crypto-hack/), the security of the entire bridge relied on a single 'multisignature' wallet, which needed the consent of two signatures to initiate transactions. While this type of system is certainly more secure than single-signed wallets for the average, this is nowhere near as secure it should be for a protocol that controls billions of user funds on a daily basis. > * It is noted that about $2m worth of tokens were [returned by the Lossless protocol,](https://beincrypto.com/harmony-hack-how-lossless-saved-78m-stolen-tokens/) which may have a promising future. > * **Not Unique** > * Ziliqa exists as an alternative to Harmony, and does almost exactly what Harmony does - albeit on its own network. > * Since Ethereum itself is trying to solve the problems that Harmony identifies, it's only a matter of time before ONE is made obsolete. > * **'Next-gen' technology is a hindrance** > * Harmony's technology [hinges on 5G technology](https://learn.bybit.com/altcoins/harmony-crypto/) to work at full efficiency, which is not available in many parts of the world. > * Hence, accessibility is severely reduced. > * **Infinite Inflation** > * The token's supply is not capped, and it mints 441 million ONE each year. > * As a result, while stakers are rewarded generously, holders continually lose money as the price of ONE is pushed down by excess supply. ***** Would you like to learn more? Check out the [Cointest archive](/