Do Kwons folly Dai was never going to die. Heres why

Do Kwon’s Folly – Dai Was Never Going to Die. Here’s Why

“Dai is a stablecoin implemented as an ERC20 token on the Ethereum blockchain. Designed to maintain 1:1 parity with the US Dollar its value is backed by collateral which is locked up in a smart contract, the Maker collateral vault.”