this post was submitted on 19 May 2024
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what's wrong with PureDAI? they wont allow other stables to be collateral, which is really good. Or will it also have a freeze authority like the other stable? idk that much so you need to provide some context bro.
anyway there is one on Solana that functions very similar to DAI, it's called PAI (Parrot). Also RAI o. ETH but it's not collateral based
https://forum.makerdao.com/t/reconciling-the-two-opposing-paths-for-decentralized-stablecoins/24280
It will become the next Terra Luna. They should make it new projects but they want MKR tied to its governance. Its all a cash grab and so sad. Thank you for the alternatives.