DAI is an Ethereum-based stablecoin (stable-price cryptocurrency) whose issuance and development is managed by the Maker Protocol and the MakerDAO decentralized autonomous organization.
The price of DAI is soft-pegged to the U.S. dollar and is collateralized by a mix of other cryptocurrencies that are deposited into smart-contract vaults every time new DAI is minted.
It is important to differentiate between Multi-Collateral DAI and Single-Collateral DAI (SAI), an earlier version of the token that could only be collateralized by a single cryptocurrency; SAI also doesn’t support the DAI Savings Rate, which allows users to earn savings by holding DAI tokens.
Multi-Collateral DAI was launched in November 2019.
Binance、Coinbase Pro、OKEx、Kraken、Huobi Global、Bitfinex、MEXC
Latest Dai (DAI) news, we cover Dai (DAI) news and blockchain news.
Follow the continued development of Dai and the rise of a borderless, permissionless financial system. The evolution of the Dai industry, the best ways to invest in Dai, and how Dai futures impact blockchain adoption. How industry stakeholders will work to make Dai a mainstay in people's lives.
Follow us for the latest Dai news and Dai prices.