One Wallet Owns 27% of Ether Behind MakerDAO’s Sai Stablecoin
Of all the Ether (ETH) locked in the collateralized debt positions (CDPs) of the old MakerDAO system, 27% belongs to a single address. Financial technology data firm Digital Assets Data shared these findings with Cointelegraph on Jan. 26.
Dai, which was created by MakerDAO, allows users to borrow or generate the stablecoin by staking their cryptocurrency holdings as collateral. Dai was not supported with bank accounts of reserve currencies but rather is generated by putting Ether into a CDP smart contract.
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Source: investing.com
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