DAI is a decentralized stablecoin pegged to the US dollar, issued through the Maker/Sky Protocol via collateralized crypto loans.
An attacker with one share unit withdrew about 14,838 DAI from a Polygon Uniswap V4 vault on October 9, Panda Security found. The zero-liquidity fallback paid out the whole balance, so every fallback needs the main path's proportional-payout check.
Reality
Moody's rated Sky Protocol B3, its first stablecoin-protocol rating, citing about $90 million of equity behind roughly $10 billion of assets. That cushion is under 1%, well short of the 2.5% capital ratio Moody's set as its bar for an upgrade.
Perspective Coverage
3 publishersReality
Aztec Labs is bringing back zk.money as a private DAI wallet that caps every transfer at $2,500 and all users' deposits combined at $50,000 a day. Raising either limit means a new contract that each user must opt into. The caps arrive while US law on privacy wallets remains unsettled.
Reality
Compound delegate Ugurmersin alleges the Foundation turned 8.42M DAI of DAO reserves into 344,780 COMP and voted it to win treasury control. If the chain record agrees, the only people enforcing the reserve's written limits were the signers accused of breaking them.
Reality
MetaMask and Trust Wallet both ship poisoning detection, and both keep it on EVM chains, which leaves Tron users doing the character-by-character checking themselves. The two largest victims paid $2.5M each.
Reality
The Pando Rings exploiter swapped 3 million DAI for about 1,570 ETH on CoW Protocol, then pushed 800 ETH into Tornado Cash as the protocol entered maintenance mode.
Reality