Jan Romme

Now you can certainly sell the 0.66 Dai at the same 2% premium, but you still have the original ETH locked up. The fundamental difference between “arbing” Tether and “arbing” Dai is that with Dai you also need…

…ch $1.00 ETH locked up, Maker will give you less than $1 of Dai. That is due to the requirement for over-collateralization. The current collateralization ratio is 150%, so $1.00 ETH in a CDP can generate up to 0.66 Dai (th…