Justin Sun Explains USDD's Mechanism Similar to MakerDAO's DAI
8/22/2024 8:32:28 AM
According to Justin Sun, the decentralized stablecoin USDD operates with a mechanism similar to MakerDAO's DAI. The process involves collateral management where holders can withdraw freely as long as their collateral exceeds the system-specified amount, typically ranging between 120% and 150% based on the vault. (Source)
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