Decentralized Staiblecoin Explained “Ponzi” for Rivals Terra USD (UST) and Magic Internet Money (MIM)

Rune Christensen, co-founder of Maker, the producer and developer of decentralized stablecoin DAI, called “solid ponzi” projects about rivals Terra USD (UST) and Magic Internet Money (MIM).

His rivals in his posts on his official Twitter account TOP and MIME about that they will be reset in the scenario where the market goes bad. and so “sturdy ponziStating that there are projects, Christensen said;

Look at me UST and MIM are solid ponzi projects. You can definitely make good profits from them. But they are not designed to be durable and so they will be reset when the market really goes bad.

made statements.

In a second post by Christensen ponzi and high risk projects He said that there is no opposition and that everyone can have fun as they want. In addition, Christensen stated that he is tired of the endless people who answer everything.If you don’t want me to fud you, stop fudging me.” he replied.

Stating that DAI is built on durability unlike its competitors, Christensen pointed out that DAI is the most reliable project when it comes to smart contracts and collateral security. Nevertheless Terra USD (UST) most valuable in terms of market value last December decentralized stablecoin the one which DAI left behind. DAI right now Coinecko according to data with decentralized stablecoinr With a market capitalization of $9 billion, it ranks second after UST. exists

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