I am becoming DAI pilled simply because I think it’s stupid we continue to spend ETH on mints and other crap.  

It’s like if you used Apple stock to buy vending machine junk toys in the 1990s

Why

And we should rally around DAI and not USDC because DAI is the cypherpunk’s stable 

USDC is for the suits

The Farcaster formerly known as Kchamp. Books, beats, bodybuilding, bright ideas and beautiful things.

katherinechampagne.com 

Is Dai still mostly USDC through the PSM?

Dai collateralization has evolved a lot this cycle. 

Dai in circulation is now roughly:
1.5B from direct lending modules
1.25B from Treasuries
750m from ETH and crypto collateral
600m from USDC in Coinbase Custody
600m from the PSM

IMO Maker operates much more like a "decentral bank" now, buying real world bonds and printing DAI into debt markets.

Good dashboard here:

Crypto Regulation; Ex-Circle Public Policy, Crypto Startup Advisor

I'm eth newbie..just learning
(working on @farcaster)

terminally.online

Dai collateralization has evolved a lot this cycle. 

Dai in circulation is now roughly:
1.5B from direct lending modules
1.25B from Treasuries
750m from ETH and crypto collateral
600m from USDC in Coinbase Custody
600m from the PSM

IMO Maker operates much more like a "decentral bank" now, buying real world bonds and printing DAI into debt markets.

Good dashboard here: https://makerburn.com/#/rundown

I know Vitalik is really interested in RAI but that’s not pegged. Ethena may be closer to what we want since it’s supposedly stable but backed by ETH longs and shorts.