Difference between revisions of "SwanDAI"
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wiki_crypto>Zeb.dyor (Created page with "== Basics == * From Token Economy #106: ''"Synthetic asset that tracks the deviation of DAI's price from its dollar peg.'' ''Singling this one out of the many other a...") |
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Latest revision as of 09:00, 23 January 2022
Basics
- From Token Economy #106:
"Synthetic asset that tracks the deviation of DAI's price from its dollar peg.
Singling this one out of the many other amazing projects emerging from the latest ETHBoston as it's built with the UMA Token Builder, but mostly to highlight that naming flavours of DAI has now firmly entered uncharted Zoology territory.
In all seriousness, this is very cool: it's essentially a synthetic token that gives exposure to DAI deviating from its peg (as a form of potential insurance for DAI holders or as a speculative play), with the supply side of the trade taken by anyone willing to price (and collect) the premium (eg MakerDAO itself)."
Preston Byrne should be all over it, though he's more into marmots."
