DAI Explained: Is it safe to use?

DAI is a stable coin designed to be worth exactly $1. What's special about it is that it's not backed by a physical 1USD stored in an unknown location - instead, it's backed by other cryptocurrencies such as Ethereum and BAT via MakerDAO. This makes the DAI much more transparent than other stablecoins such as the USDT / USDC. We also show the minting process for DAI via the Oasis App (MakerDAO). Maker DAO: https://makerdao.com/ Use DAI on Oasis: https://oasis.app/ 👉👉Get your Unstoppable Domain: https://unstoppabledomains.com/r/4e8eeeec11004b3 Apple Podcast: https://podcasts.apple.com/us/podcast/bitcoin-out-of-the-box/id1490037766 Defi Playlist: https://www.youtube.com/watch?v=NQeEiPORvkE&list=PL9lFXJSrjdxANKXk9GMhgJwOe7S4O0ey- Special thanks to Nathan and Phil for Editing this Video. Check Nathan out at https://www.youtube.com/channel/UCFBMJMfA6WcmoIOIb81JE0g #Ethereum #DAI #MakerDAO 00:00 Introduction 1:47 Unstoppable Domains 2:44 Why Stable Coins 3:38 Problem with USDT 4:15 DAI strengths and Weaknesses 5:59 Minting DAI ●▬▬▬▬▬▬▬Recommendations▬▬▬▬▬▬▬● Recommendation List: https://www.cryptoatlas.io/Boxmining 🔎Crypto Prices: https://www.coingecko.com/ 🔒Hardware Wallet: http://boxmining.co/ledger 👍🏻Brave Browser: http://boxmining.co/brave 📲Binance Exchange : http://boxmining.co/binance ●▬▬▬▬▬▬▬▬▬▬Community▬▬▬▬▬▬▬▬▬● Boxmining Official Website: https://www.boxmining.com/ Telegram Discussion Group: https://t.me/boxminingChannel Telegram Announcements: https://t.me/boxminingChannel Facebook Community: https://www.facebook.com/groups/CryptoSpartans/ ●▬▬▬▬▬▬▬▬▬▬▬Social▬▬▬▬▬▬▬▬▬▬▬● Instagram: https://www.instagram.com/boxmining/ Twitter: https://twitter.com/boxmining Facebook: https://www.facebook.com/boxmining Steemit: https://steemit.com/@boxmining ●▬▬▬▬▬▬▬▬▬▬Disclaimer▬▬▬▬▬▬▬▬● I'm not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video.