this post was submitted on 19 May 2024

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Since DAI is currently being destroyed (lemmy.sdf.org)

submitted 5 months ago by BD89@lemmy.sdf.org to c/monero@monero.town

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Does anyone know an unfreezable stablecoin that is the least at risk of becomming another TerraLuna? I love Monero but its too volatile to keep 100% of my life savings in an unfreezable stablecoin is CRUCIAL. This is such horrible news. Fuck Rune Christiansen for this shit!!

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[–] tired_turtle@monero.town 1 points 5 months ago* (last edited 5 months ago)

This sucks especially since DAI is my favorite stablecoin for it being the only real decentralized stablecoin and now they're going to replace it with NewStable which will be upgraded with a freeze function wtf...I'm pissed...