Justin Sun Explains USDD Mechanism Similar to MakerDAO's DAI | Flash News Detail | Blockchain.News

Justin Sun Explains USDD Mechanism Similar to MakerDAO's DAI

8/22/2024 8:32:28 AM

Justin Sun Explains USDD Mechanism Similar to MakerDAO's DAI

According to Justin Sun, the decentralized stablecoin USDD operates on a mechanism similar to MakerDAO's DAI. The system allows any collateral holder to withdraw freely when their collateral exceeds the specified amount, typically between 120%-150% depending on the vault. (Source)

Dai USDD Justin Sun MakerDAO

More from Justin Sun 孙宇晨 (@justinsuntron): Justin Sun is the founder of TRON, BitTorrent ($BTT) owner and crypto exchange HTX advisor