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Blockchain

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Question:

The stablecoin DAI can be used to lever crypto investments.

Author: timothy Ntambala



Answer:

True. Stablecoin DAI could be reinvested intro crypto-asset and make use of a leverage of +- 66%. This cycle could be repeated in the MakerDao and therefore created more leverage. The DAI is minted through the MakerVault, where anyone could stake ERC20 tokens and receive DAI for 150% collateral.


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