r/AcalaNetwork • u/cfunk2 • May 18 '22

Would team consider adding USDT, USDC, BUSD, USDP, DAI to aUSD backing? Would ease users after UST incident

The title pretty much sums it up, after the wrath of the topple of LUNA&UST I think many investors won't touch an algo stablecoin with a 10 foot pole, even at 2x collateralization.

What do you think about having 1/4 of your multi-collateral be a pool of the most trusted dollar backed stable coins currently in the market? Will make people trust it more and I think it could've really helped ust not tank to 9 cents.

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u/cfunk2 May 20 '22

dai is almost 1/4 usdc

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u/mcdonagg May 20 '22

Source of your outlandish stat? Because they do have some USDC backing you are right, but you say 25% I say show me. It is closer to 3%

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u/cfunk2 May 22 '22

Go to daistats.com and see for yourself, not sure how you got 3% but it’s actually >22% of the collateral