Questions tagged [dai]

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How does the Dai peg to dollar?

I am interested in the Dai stable coin and have seen multiple different explanations of how the coin balances and pegs to the $1. One said it was to do with the increase or decrease in interest rates ...
5
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0answers
45 views

Not able to use DAI's permit() function

I'm having trouble testing the permit() functionality from the DAI contract. I've read the documentation and a couple of other resources, although, I got the contract code and deployed myself a copy ...
1
vote
1answer
16 views

Puzzle- how to implement simple savings pool (via cDai) without iterating over unbounded loops?

Consider this example of a very simple savings contract, where users send Dai, which the contract converts to cDai. At any time users are free to withdraw their share of the accrued interest. I cannot ...
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0answers
62 views

transferFrom is not displaying DAI amount on MetaMask verification popup

I am using web3.min_1.36.js to send DAI to a contract. I already called "approve", so transferFrom is working correctly without error. However, the Metamask verification popup does not display the ...
1
vote
2answers
272 views

How to withdraw DAI from DSR (Oasis Saving Dapp / MakerDao) using the contract only, not the Dapp frontend?

I am currently testing the Oasis Saving Dapp by MakerDao (https://oasis.app/save). After converting some DAI to DSR, users can earn savings and whenever they want, withdraw their funds (convert back ...
1
vote
1answer
34 views

How DAI stablecoin is able to be decentralised or how the CDP(Collateralized Debt Position ) process works?

I am reading about stablecoins in order to understand which one would be best suitable for my need( let users of my app be payed or rewarded by a crypto and at the same time lowering the effect of ...
1
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0answers
159 views

How to get DAI using Web3.js

I'm building a Web3 app and I'm trying it out on the Kovan testnet. I'm trying to get some DAI. As far as I understand it the way to get DAI is to: Exchange ETH for WETH. Use Sai Tub contract to open ...
0
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0answers
103 views

Want to Access remote dai smart contract in another smart contract

I want to transfer Dai tokens from account1 to account2. My account1 has 50 DAI tokens. Kovan Dai contract address given by makerdao is: 0x4F96Fe3b7A6Cf9725f59d353F723c1bDb64CA6Aa. What I am doing ...
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0answers
48 views

Target Rate Feedback Mechanism (TRFM) Not Easy to Understand

From this article, I read: When Dai below the target price the following happens: The Target Rate increases. This causes the Target Price to increase at a higher rate. This causes Dai ...
0
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1answer
22 views

Borrow Maker DAI or Exchange

Why would one borrow Dai instead of buying from exchange ? if i have $150 worth ether i can borrow $100 worth Dai. With 8% stability fee basically at 8% interest rate. On the other hand i can just ...
0
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2answers
166 views

How can you approve a token through an interface?

I have an interface to Dai from my contract and want to allow a user to approve the contract to transfer their Dai. Dai uses DSToken code which has an approve function that relies on msg.sender: ...