DAI is a decentralized stablecoin combining overcollateralized lending with RWA yield, but stability depends on collateral quality, liquidation liquidity, USDC or RWA dependence, and governance risk.
Investment View
Investors should monitor DAI collateral mix, stability fees, savings rate funding, liquidation stress, and Maker and Sky governance decisions over supply alone.
DAI is a collateral-backed stablecoin issued through MakerDAO, now Sky Protocol, where users create DAI against Vault collateral and burn it when debt is repaid. Its maturity depends on dollar soft-peg resilience, overcollateralisation, MKR or SKY governance of risk parameters, collateral quality, and the post-MCD balance between decentralisation and real-world asset exposure.
Investment View
Assess DAI through MakerDAO and Sky Vaults, overcollateralisation, soft peg resilience, MKR or SKY governance, collateral risk, and RWA exposure.