the Stable Coin DAI can’t make it, apparently, to keep constant at one Dollar. In spite of repeated Lifting of the fee, dropped the price of the (in)stable Token on the Ethereum-based Maker-DAO-log again and again. Now, there are discussions of further fee increases.
By Phillip Horch
15. March 2019BTC$3.917,07 1.29%part Facebook Twitter LinkedIn xing mail
not to be working, the concept of Stable Coins still seems to be complete. Actually, as Fiat currencies, or other Assets 1-to-1 mapping, you are guaranteed a stability that is given in the Bitcoin-Ecosystem otherwise. This is mainly due to the volatility of crypto-currencies. Because Bitcoin rates, Ripple-rate and co. are known for that can change your Performance from one day to the next abruptly. Stablecoins are here to offer a safe haven.
it is reported, However, such as recently in the case of a Tether, it seems that the stability can not be everywhere to enforce. So was here only yesterday, at 14. March, announced that the crypto-currency but not to put a hundred percent behind the US Dollar is covered. A slightly different bearing instability is now reported by the DAI Stable Coin.
Not only Tether: Also, Dai has stability problems
There you had to lift in the past few weeks, the Stability Fee, so the „stability fee repeated,“. Because on the various Bitcoin exchanges, the price of the stablecoins swayed again and again by several Cents. The fee should ultimately serve to consolidate the Stable-Coin-System. It falls in the movement of the DAI Token. Proportional to the moving amount can be either Token in MKR or DAI paid. Who is Token in the possession of the MKR, you may also participate in elections within the DAI-cosmos. The „gestakten“ [: stacked] Token here serve as a kind of digital ballot.
How now Report, has raised the MKR Community, the fees already last Friday to a significant 3.5 percent. Since it came in the aftertaste still to price fluctuations, there was a developer meeting on the 14th. March discussions on the fundamental ability to scale in the environment of MakerDAO. Therefore, it is currently up for discussion, the fees still further to increase. A final decision has yet to be assessed.
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