Utopia VS MarkerDao VS Tether

PROJECT/INDEX

MAKERDAO

TETHER

UTOPIA

Collateral asset

Multi-token/multi-coin

USD

Multi-token/multi-coin/multi-lp token

Borrowed asset

DAI

USDT

Multi-stablecoins,UUSD,UAUD,etc

Interest/stability fee

Variable,vote adjustment

0

Variable,from negative,algorithm adjustment

Collateralization ratio

130%/150%

-

110%

Liquidation fee

13%

-

8%

Price oracle

Centralized

-

Fully decentralized

Liquidation

Decentralized by auction

-

Fully decentralized,instantly

Liquidation mechanism

2 layers

-

4 layers

Custody

Decentralized

Centralized

Fully decentralized

Reinvest mechanism

NONE

NONE

YES

Token distribution

Decentralized but one-time emission

-

Decentralized;Deflation in 5 years

Incentive for user

NONE

NONE

Collateral asset gain,UC token

Incentive for liquidator

Liquidation fee

-

Liquidation fee,UC token

Incentive for liquidity provider

NONE

-

UC token

DAO token

MKR

-

UC

Cover

NONE

NONE

YES

Multi-chain

NO

YES

YES

1:1 Pegged

YES

YES

YES