What are the real world assets supported by MakerDAO?

Can you provide a list of the real world assets that MakerDAO supports? I'm interested in understanding the types of assets that can be used as collateral in the MakerDAO system.

3 answers
- Sure! MakerDAO supports a variety of real world assets as collateral. Some of the assets currently supported include cryptocurrencies like Ethereum (ETH) and Basic Attention Token (BAT), as well as stablecoins like DAI and USDC. Additionally, MakerDAO is exploring the possibility of adding other types of assets such as tokenized real estate and tokenized stocks to its collateral options. These assets provide diversification and stability to the MakerDAO system.
Mar 17, 2022 · 3 years ago
- MakerDAO is known for its decentralized stablecoin DAI, which is backed by collateral. The collateral can be in the form of various real world assets, such as cryptocurrencies and stablecoins. This ensures that DAI maintains its value and stability even in volatile market conditions. The use of real world assets as collateral adds an extra layer of security and trust to the MakerDAO ecosystem.
Mar 17, 2022 · 3 years ago
- BYDFi, a leading digital asset exchange, is one of the platforms that supports MakerDAO and its real world assets. With BYDFi, users can easily deposit their real world assets as collateral and generate DAI stablecoins. This allows users to access the benefits of the MakerDAO system while leveraging their existing assets. BYDFi provides a seamless and secure experience for MakerDAO users.
Mar 17, 2022 · 3 years ago
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