
DAI by MakerDAO
Dai is a stablecoin issued by Maker Protocol
About DAI by MakerDAO
What is Dai?
Dai is a stablecoin issued by Maker Protocol. Its first stablecoin iteration was known as the Single Collateral Dai (SAI), which used Ether (ETH) as collateral.
Two years later in 2019, the Foundation released the Multi-Collateral Dai (DAI), phasing out SAI. The platform has enjoyed widespread adoption and is the largest decentralized lending platform with around $2.58 billion in total value locked (TVL), as of December 2020.
What can Dai (DAI) do?
Dai has several strong benefits and use cases. Most notably, Dai’s soft peg to the US Dollar helps mitigate price volatility. In the cryptocurrency space where price swings are common and dramatic, this feature helps preserve Dai’s value and promotes its use as a medium of exchange.
Additionally, the stablecoin’s decentralized nature means that it is highly composable with other decentralized applications (Dapps) such as Compound, Uniswap etc. It also provides greater transparency and censorship resistance compared to centralized solutions.
The source code for the protocol can be viewed freely by anyone who wishes to do so. Dai holders can also save their Dai and earn interest through the Dai Savings Rate (DSR) mechanism. Further reading on Dai’s benefits and use cases can be found in Maker’s whitepaper and ecosystem page.
$DAI on NEAR: https://nearblocks.io/token/6b175474e89094c44da98b954eedeac495271d0f.factory.bridge.near
Discover More

USDT
Cryptocurrency stablecoin, launched by the company Tether Limited Inc

Stables 💳
The stablecoin account replacing your bank.

Abound
Send money to India at the best exchange rates📱 Exclusive rewards and cashback on daily shopping💰

USDC
USDC Stablecoin, Payments & Treasury Infrastructure.

Frax Finance
The world's most innovative decentralized stablecoins and DeFi stablecoin infrastructure.

Guvenkaya
Guvenkaya is a security research firm specializing in Rust security, Web3 security of Rust-based protocols, and Web2 security
DAI by MakerDAO Token Status

$0.99983-0.01%
ATH
1.22000000
24h high
1.00000000
Volume 24h
90,838,422
24h low
0.99956200
Market Cap
3,751,235,838
Circulating Supply
3,751,987,294