MakerDAO and DAI are a little different because ETH collateral gets liquidated at 150%.
DAI has a lot more buffer and uses multiple tokens to collateralize. DAI also has nuclear option cutoff switches and can print Maker to pay off bad debt. In comparison, UST was very basic and prone to attack.
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Okay. That makes sense. DAI has a lot more backup than UST. I read recently that Travala started accepting Payments in UST, so how's that gonna work out?
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