📌 7: $DAI and Company — When Control is in Code, Not in Regulators

If $USDC is "stability under supervision", then $DAI, $LUSD, $RAI are stability born from smart contracts. Here’s how they differ:

🧠 $DAI — backed by crypto: ETH, WBTC, etc., issued through the MakerDAO protocol.

⛓ $LUSD — minimal dependence on oracles and governance. They say it's "DAI on hardcore".

🌀 $RAI — stable, but not tied to the dollar. Autonomous stability on autopilot.

🎯 What’s important:

— Centralized stablecoins can be frozen — decentralized ones almost cannot.

— But for decentralization, you pay with increased complexity and volatility of collateral.