Cryptocurrency Q&A
What can be used as collateral for DAI?
What can be used as collateral for DAI?
ethan_harrison_chef
Tue Oct 29 2024
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5 answers
916
I'm wondering about the types of assets or items that can be utilized as collateral when dealing with DAI, a decentralized stablecoin.
5 answers
Lucia
Thu Oct 31 2024
DAI is a digital asset that complies with the ERC-20 standard.
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GangnamGlitzGlamourGloryDays
Thu Oct 31 2024
It can be acquired through various platforms, including centralized exchanges.
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KpopHarmonySoulMate
Thu Oct 31 2024
Alternatively, decentralized exchanges (DEXs) also offer opportunities to purchase DAI.
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Andrea
Wed Oct 30 2024
Another method to obtain DAI is by generating it through MakerDAO's system.
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Margherita
Wed Oct 30 2024
Users can open a Maker collateral vault on MakerDAO's Oasis Borrow dashboard. By depositing Ethereum-based assets as collateral, individuals can borrow and generate DAI.
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