Can you give an example of a non-collateralized stablecoin? I am under the impression that all of them have some collateral backing the peg. Please correct me if I am wrong.
One minor correction:
The first thing is with collateral. When a collateral of 150% is set it means there is a 50% buffer before this asset loose it value. Ethereum or other tokens need to drop more than that for DAI to lose value.
A drop from 150% to 100% is a 33% drop in value of the token used as collateral not 50%:
(150-100)/150 = 0.33
RE: How To Create A Stablecoin?