🎉🎉🎉Still wondering who is the leader of RWA?
👉Few people may know and use it, but it is not the only one. It also has an important symbiont, Dai
It is the Maker Protocol, also known as the Multi-collateral Dai (MCD) system. Simply put, Dai, a stablecoin exclusively used by MKR, is issued💰
💻Dai is an asset-backed cryptocurrency soft-pegged to the US dollar. Its issuance is decentralized and fair. Due to its low volatility, Dai can resist hyperinflation and provide economic freedom and opportunities for any individual around the world. Stability is the meaning of Dai.
Although Bitcoin is a successful cryptocurrency in many ways, it is not an ideal medium of exchange because its supply is fixed and its speculative nature causes price fluctuations, making it impossible to further develop into a mainstream currency. Bitcoin's shortcoming happens to be the advantage of Dai stablecoin.
The creation, value endorsement, and price stability of Dai are achieved through collateral assets deposited in the Maker vault. Collateral assets refer to digital assets that are voted into the protocol by MKR holders. As long as they are approved by MKR holders, any Ethereum-based asset can be used as collateral for generating Dai on the Maker protocol💵.
There are only 1 million MKRs, and almost all of them are in circulation. As the RWA track gradually enters the public's field of vision, the price of MKR has also been rising, from a low of 500 to more than 2,600 now💵
The opening of this round of bull market is inseparable from the assistance of RWA, so how much can its price go in the future? It is boldly estimated that it may be anchored to the price of Ethereum.
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