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[Crypto] Add DAI #21

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SamsungGalaxyPlayer opened this issue May 2, 2022 · 1 comment
Open
5 of 9 tasks

[Crypto] Add DAI #21

SamsungGalaxyPlayer opened this issue May 2, 2022 · 1 comment
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crypto: coin cryptocurrencies

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@SamsungGalaxyPlayer
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  • I confirm there are no other issues about this asset (open or closed)
  • I understand that Haveno expects the project applying for being listed to take care of the PR for the actual implementation
  • I understand that adding the asset is at discretion of the Haveno Core Team and applying doesn't necessarily imply acceptance

What's the ticker symbol of the project?

DAI

Why should it be added to Haveno? How would it benefit the project and the community?

DAI is a semi-decentralized stablecoin that has a high rate of worldwide acceptance. It is supported by many exchanges in the US and elsewhere.

Is it an Ethereum token (ERC-20)?

  • Yes
  • No

Was the coin pre-mined before public launch?

  • Yes
  • No

It's somewhat complicated, but DAI issuance is controlled by a smart contract and community that maintains it.

https://en.wikipedia.org/wiki/Dai_(cryptocurrency)

Is there a dev fee for the project maintainers?

  • Yes
  • No

Again, this is complicated. There is a revenue model for the Maker DAO holders, who earn revenue to accept some network risks.

https://www.gemini.com/cryptopedia/dai-stablecoin-what-is-dai-token

Please provide resources about the project (Website, Twitter, etc)

https://makerdao.com/en/

Additional notes

DAI is really appreciated by some and hated by others. In any case, it remains a useful asset to trade with XMR for access to many liquid markets.

@SamsungGalaxyPlayer SamsungGalaxyPlayer added the crypto: coin cryptocurrencies label May 2, 2022
@chaserene
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unless the Haveno team is willing to venture into more niche territories for a properly decentralized stablecoin (Liquity's LUSD), dai is a relatively good choice -- it has a track record and widespread use. and having a pair with a stablecoin is quite important in sidestepping CEXes.

@chaserene chaserene mentioned this issue Sep 3, 2022
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crypto: coin cryptocurrencies
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