Metaculus Help: Spread the word

If you like Metaculus, tell your friends! Share this question via Facebook, Twitter, or Reddit.

Will the Dai stablecoin maintain a value of roughly $1 until July 2023?

One of the biggest problems with cryptocurrencies right now is their volatility. So-called 'stablecoins' aim to solve this by maintaining a stable price, usually compared to an asset like the US Dollar.

The currency Dai, created by the organisation MakerDAO and running on the Ethereum blockchain, is a popular stablecoin that tries to always be worth $1. Instead of being backed by a reserve of dollars, Dai can be created by anyone by locking up some ether (or other cryptocurrencies) as collateral for a loan in Dai. The ether is only released when the user pays back their loan, plus a Stability Fee. Dai holders can also earn the Dai Savings Rate which is funded by the fees. The Stability Fee and Dai Savings Rate are adjusted to keep the value of Dai at $1.

Its predecessor Sai (formerly called Dai) has successfully kept a stable price throughout 2018 and (as of December 2019) still maintains it, despite volatility in the price of ether. The new version, Multi-Collateral Dai, was released in November 2019.

Will Multi-Collateral Dai (or a future version of it) be worth around $1 consistently up to July 2023?

This resolves negatively if either Dai is worth over $1.10 continuously for any 2 week period or if it is worth less than $0.90 continuously for any 2 week period before 12:00 AM GMT on the 15th July 2023, according to a website like Coinmarketcap.

If MakerDAO has an Emergency Shutdown, it also resolves negatively.

It resolves positively otherwise.

If a newer version is released, then this question will be about the new version if and only if there is a direct way to exchange Dai for the new coin at a 1:1 rate (which was the case when Sai was upgraded to Multi-Collateral Dai).


Metaculus help: Predicting

Predictions are the heart of Metaculus. Predicting is how you contribute to the wisdom of the crowd, and how you earn points and build up your personal Metaculus track record.

The basics of predicting are very simple: move the slider to best match the likelihood of the outcome, and click predict. You can predict as often as you want, and you're encouraged to change your mind when new information becomes available.

The displayed score is split into current points and total points. Current points show how much your prediction is worth now, whereas total points show the combined worth of all of your predictions over the lifetime of the question. The scoring details are available on the FAQ.

Note: this question resolved before its original close time. All of your predictions came after the resolution, so you did not gain (or lose) any points for it.

Note: this question resolved before its original close time. You earned points up until the question resolution, but not afterwards.

This question is not yet open for predictions.

Thanks for predicting!

Your prediction has been recorded anonymously.

Want to track your predictions, earn points, and hone your forecasting skills? Create an account today!

Track your predictions
Continue exploring the site

Community Stats

Metaculus help: Community Stats

Use the community stats to get a better sense of the community consensus (or lack thereof) for this question. Sometimes people have wildly different ideas about the likely outcomes, and sometimes people are in close agreement. There are even times when the community seems very certain of uncertainty, like when everyone agrees that event is only 50% likely to happen.

When you make a prediction, check the community stats to see where you land. If your prediction is an outlier, might there be something you're overlooking that others have seen? Or do you have special insight that others are lacking? Either way, it might be a good idea to join the discussion in the comments.