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RE: The relationship between MakerDAO (MKR) and DAI

in LeoFinance • last year

RAI is a non pegged, ETH backed stable asset.

Instead of being pegged to a specific target such as the USD, it freely floats.

RAI’s mission is to become a crypto native and governance minimized stable asset that is detached from fiat.

Hmm, still trying to get my head around it being classed as a stable.

Thanks for the suggestion though, added to my list :)

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last year in LeoFinance by
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    it's a super interesting project. i really love the idea of a non-fiat pegged stable currency. as you said though, calling it a stable seems insane. plz do an ELI5 post lol

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