A tale of two pills. One where the collateral backing it can be frozen.
11 Jan 2023, 03:35
A tale of two pills 💊
One where the collateral backing it can be frozen 💀
The other one where the collateral backing it is trustless and unseizable 🔷⛓️
A key difference between Liquity stablecoin (LUSD) and Maker stablecoin (DAI) is that in the former, you have 100% control over your assets, while in the latter, you have only ~7%.
Note: 93% of DAI collateral backing is custody assets like USDC and WBTC.