should probably mention as a warning this DAI runs on the centrally premined ethereum network known for censorship and lack of security, unlike all the trust minimized decentralized networks like Bitcoin.

DAI itself is highly unsecure and no different from any other trusted token like tether, just instead of holding a dollar they use centrally appointed oracles to tell blockchain what price of usd to collateral is.

https://i.imgur.com/fEmDr1v.png

coinbase owner was heavily invested in eth from start and has been legitimizing and pushing these products that are near universally considered scams in other crypto dev communities. It’s pretty common to make fun of them: