Altcoins Talks - Cryptocurrency Forum

Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Hamzaal24 on July 03, 2020, 12:06:36 PM

Title: DAI Circulating Supply Reach less than 160M
Post by: Hamzaal24 on July 03, 2020, 12:06:36 PM

(https://preview.redd.it/40kdyguu7m851.jpg?width=1175&format=pjpg&auto=webp&s=3a3075ee2d9a4557bb1e6ae6931dc4f5002ff61f)

The circulating supply of DAI is less than 160M. However, 500M DAI tokens are now deposited in Compound.

This contradictive reality exists because DAI is being borrowed not for usage in trades. Instead, borrowers are transferring DAI to new wallets to re-lend DAI they borrowed.

Borrowers are essentially lending DAI to themselves over and over.

Title: Re: DAI Circulating Supply Reach less than 160M
Post by: tonymillions84 on July 03, 2020, 01:26:27 PM

people are thinking outside the box. to get more money from lending. it looks obvious that this is the way forward to make money in cryptocurrency. more lending platforms coming up as they gurantee payments for money been lended to them.

Title: Re: DAI Circulating Supply Reach less than 160M
Post by: Ganesa99 on September 05, 2020, 06:15:28 PM

Supply DAI under 160 million is a great idea. This will increase the amount of DAI and traffic will be boosted