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DAI

DAI on Fantom: Risk of 97% Loss — Do Not Move

I hold Dai on the Fantom network and moving it now appears to trigger a ~97% value loss. That strongly suggests this token instance is non-standard, restricted by the contract, or linked to trapped liquidity or high transfer taxes.

I will not approve or bridge the tokens until I verify the contract address, check liquidity on Fantom DEXes, and confirm whether this is the canonical Dai contract listed on CoinMarketCap and the official MakerDAO sources.

I will explore swapping on-chain within Fantom or contacting bridge/support teams; if verification fails, I will leave the position in place and avoid any transfers that may burn value.

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Analysis

The likely causes are a token impersonation (different contract than canonical Dai), trapped liquidity in a scam/illiquid pool, or transfer/bridge mechanics that burn/lock value. Immediate verificatio...

Recommendation

Do not move or approve transfers right now. Verify the token contract on CoinMarketCap/MakerDAO, check on-chain liquidity and tax/transfer code, consider swapping locally on Fantom if liquidity exists...

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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