Cryptocurrency Q&A Has DAI ever depegged?

Has DAI ever depegged?

Michele Michele Thu May 16 2024 | 5 answers 849
Has DAI ever depegged? This is a question that often comes to mind for those interested in the intricacies of the cryptocurrency world. DAI, being a stablecoin, is designed to maintain a pegged value, typically to the US dollar. However, the volatile nature of the crypto market and the complex mechanisms underlying DAI's stability can sometimes lead to unexpected deviations. So, has DAI ever deviated from its pegged value? This is a crucial question to ask, especially for investors and traders who rely on DAI's stability for their financial strategies. Understanding DAI's historical performance in maintaining its peg can provide valuable insights into its reliability and potential risks. Has DAI ever depegged?

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