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DAI

DAI on Fantom: Possible Wrong Token or Bridge — Don’t Move Until Verified

I hold DAI on the Fantom network and believe that if I move it I will lose about 97% of its value.

I suspect the token on Fantom may not be the canonical DAI (it could be a wrapped/bridged token, a mispriced liquidity position, or a scam contract), or a bridge/DEX is quoting the wrong rate.

I will not transfer large amounts until I verify the token contract, check liquidity and pricing on-chain, run small test transfers, and contact support or the bridge provider.

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Analysis

This likely reflects a token mismatch (not canonical DAI) or extreme illiquidity/a bad bridge rate on Fantom. Check the token contract on FTMScan, compare it to the official DAI contract, inspect pool...

Recommendation

Do not move large amounts. Verify the token contract and provenance, run small test transfers, use reputable bridges or exchanges if available, and contact support or the bridge maintainers. If the to...

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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