Dai

Dai

Dai

Dai

DAI
Founded
2017
Price
$1.00
Your Income
63.59 K DAI
DAI vs US
0.024%
Market Cap
$4.95 B
Separate Merge Formulate

Dai Price Chart

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90 Days Average: $Crypto Score of 100 maximum

Dai Market Cap Chart

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90 Days Average: $

Dai Volume Chart

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90 Days Average: $

Dai Supply Chart

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Period: 1D 7D 14D 30D 60D 90D 180D 360D 720D

90 Days Average: DAI

DAI is a beneficial stablecoin pegged to the U.S. dollar, decreasing volatility and allowing several DeFi capabilities such as lending, borrowing, or trading.

Dai (DAI) is a stablecoin connected to the price of the U.S. dollar. DAI’s price is regulated by MakerDAO (decentralized governance network) to maintain its fee stability. While real DAI stablecoins are produced thru its Maker Protocol platform that accepts several cryptocurrencies as collateral, DAI also can be bought directly using fiat cash (like the U.S. dollar) on most regulated crypto exchanges.

DAI can be bought outright on both centralized cryptocurrency exchanges or DEXs. Using the Maker Protocol, you can additionally borrow DAI by depositing Ethereum-based belongings as collateral to underwrite the amounts of DAI borrowed. DAI requires a bigger collateral deposit than the amounts of DAI borrowed to ensure community liquidity. If the fee of your crypto-collateral drops beneath the price of the issued DAI tokens, the collateral can be forfeited. However, if your collateral increase in cost, your DAI borrowing limit will increase proportionately. The Maker Protocol operates in addition to an escrow account that holds collateral until the borrowed DAI and processing money are back.

Every other benefit specific to DAI is now broadly included within the Ethereum blockchain. Once bought or borrowed, it can use in hundreds of decentralized apps consisting of:

  • Gaming
  • Decentralized Finance (DeFi)
  • Non-fungible tokens (NFTs)

Here are some different functions worth thinking about.

  1. Passive income
    DAI additionally has a unique interest-generating application known as the DAI savings rate (DSR). It permits customers to put idle DAI tokens to work, generating a variable interest income through a lockup period. Some other passive profits option is where the DAI owner deposits the tokens instantly into a MakerDAO smart agreement. The smart contract is programmed to upload interest to the account automatically. The investment and accrued profits can be withdrawn whenever and don’t have any minimum deposit.
  2. Decentralized freedom
    Thanks to DAI’s decentralized layout, DAI buyers gain unrestricted access to their budget.
    Because of its permissionless and transparent system, there are no intermediaries, approvals, or credit tests.
    That’s not usually the case for other property or fiat currencies.
  3. Very secure
    DAI’s security includes a wallet, element authentication, and other security measures to boost the protection of the DAI ecosystem. Moreover, developers in the MakerDAO network confirm all smart contracts at the blockchain to protect liquidity and community viability.
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