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Cryptocurrency Q&A Is DAI 100% backed?

Is DAI 100% backed?

Michele Michele Tue Oct 15 2024 | 5 answers 750
I'm wondering if DAI, the cryptocurrency, is fully backed by some kind of reserve or asset. I want to know if it's 100% backed and if there's any risk involved with its backing. Is DAI 100% backed?
dai backed 100%

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