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Justin Sun Explains USDD Mechanism Similar to MakerDAO's DAI
8/22/2024 8:32:28 AM
According to Justin Sun, the decentralized stablecoin USDD operates on a mechanism similar to MakerDAO's DAI. The system allows any collateral holder to withdraw freely when their collateral exceeds the specified amount, typically between 120%-150% depending on the vault. (Source)
Dai USDD Justin Sun MakerDAO