Will Dai ever be $1.00 again?
It’s been just over a month since Black Thursday, four weeks since the addition of USDC collateral and almost three weeks since MKR flop auctions recollateralized MakerDAO, but still Dai is trading at $1.02 and consistently above its $1 peg:This excellent chart is from Vishesh (more at dai.descipher.io). The pink line is the price of Dai from Mar 14 – Apr 8, while the teal line is the price of ETH over the same time period. The circles represent at least $50k Dai-ETH trades on a DEX.It doe… … More