Is DAI still safe?

Excuse me, I've been hearing a lot about DAI recently and I'm considering investing in it. However, with all the volatility in the crypto market, I'm a bit concerned about its safety. Could you please tell me, is DAI still considered a safe investment? I've heard it's backed by collateral and stabilized through smart contracts, but I'd like to hear your expert opinion on this matter. Also, could you shed some light on any potential risks involved in investing in DAI? I'm just trying to make a well-informed decision before committing my funds.