What are the real world assets supported by MakerDAO?

3 answers

• Arthur WeitzFeb 12, 2024 · a year ago
  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.
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• JustMeShortieMay 30, 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.
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• Prashanth ChowdaryOct 01, 2023 · 2 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.
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