Verified OGs:
8
CryptoFam:
92
Projects:
20370
BTC:
$95790
1.37%
ETH:
$3574.38
0.31%
ETH Gas
Low
Avarage
High
Data by Etherscan
Market Cap:
3.668T
Fear&Greed:
80

Dai DAI
$1.001 0.35%
OG Score 0 45.14%
Reviews 1247 45.14%
TBA 0
Dai DAI Price
$1.001 1.9%
Low All Time High
$0.88196 $1.22
About Dai

Dai is a stablecoin on the Ethereum blockchain, pegged to USD through smart contracts... Learn More

OG Score 0
Reviews 0
Market Cap $3.58B
Market Cap Rank # 49
Token Stats
Fully Diluted Valuation $3.58B
24H Trading Volume $200.09M
24H Low / High $1.00 / $ 1.00
Circulating Supply $ 3.57 B
Total Supply $ 3.57 B
Max Supply $ 0.00
Info
Categories Stablecoins 3 more
Founder Rune Christensen
Website makerdao.com
Socials
Chains Dai Ecosystem
Wallets Ledger
Explorers Ledger
Contracts Ledger
Dai Price Chart
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Og Score
Reviews 586 5.1%
OG Score Rank #5 1.9%
Gem Score 51.80
Koray Tuncer 21.10.2024 0x4f5...5f294
53.50
The point of using Lorem Ipsum is that it has a morThe point of using Lorem Ipsum is that it has a morThe point of using Lorem Ipsum is that it has a morThe point of using Lorem Ipsum is that it has a morThe point of using Lorem Ipsum is that it has a more-or-less normal distribution Read More 53.50
BTC 60,186
reklam alanı
Exchange Pair Og Score TBA 24h Volume
About Project
Read More Read Less

What is Dai (DAI)?

Cryptocurrencies have revolutionized the financial landscape, introducing innovative solutions to age-old problems. Among these groundbreaking developments is DAI, an Ethereum-based stablecoin managed by the Maker Protocol and the decentralized autonomous organization (DAO) known as MakerDAO.


The Genesis of DAI
DAI, conceived in the dynamic world of decentralized finance (DeFi), distinguishes itself by its soft peg to the U.S. dollar. Unlike its predecessor, Single-Collateral DAI (SAI), Multi-Collateral DAI, launched in November 2019, accepts a variety of cryptocurrencies as collateral. Rune Christensen, the founder of MakerDAO, initiated this project in 2015, paving the way for a community-driven stablecoin.


How DAI Operates
DAI issuance is not governed by mining or a private entity; instead, it relies on the Maker Protocol. Users generate DAI by depositing a mix of cryptocurrencies into smart-contract vaults, ensuring each newly minted DAI remains collateralized. The collateral ratio varies (101% to 175%) based on the risk level of the deposited assets, providing a flexible and secure framework.


Decentralized Governance
MakerDAO's decentralized governance system, facilitated by MKR tokens, sets DAI apart. MKR holders, akin to traditional stockholders, actively participate in decision-making processes, influencing the development of MakerDAO, the Maker Protocol, and DAI. This democratic approach ensures transparency and reduces susceptibility to corruption.


Unique Advantages of DAI
DAI's primary strength lies in its soft peg to the U.S. dollar, providing stability in the often-volatile cryptocurrency market. Its decentralized governance and issuance via smart contracts enhance transparency and eliminate the need for a central authority, aligning with the core principles of blockchain technology.


Supply Dynamics and Security
Unlike traditional mining, DAI's dynamic supply depends on collateral stored in the vaults, with approximately 940 million DAI in circulation as of November 2020. Secured by Ethereum's Ethash algorithm, DAI ensures a robust and reliable network.


Obtaining and Using DAI
Users can obtain DAI through exchanges like Coinbase Pro, Binance, and decentralized platforms like Uniswap and Compound. Alternatively, users can open a Maker Vault by locking in collateral through the Maker Protocol, offering flexibility in obtaining DAI.


Resilience in the Face of Challenges
Recent challenges, including the crash of algorithmic stablecoins, showcased DAI's resilience. While algorithmic stablecoins faced significant setbacks, DAI maintained its peg to the USD, affirming the importance of over-collateralization in stablecoin ecosystems.


Beyond Stability: DAI's Use Cases
DAI's stability extends its use beyond a medium of exchange. Its compatibility with various decentralized applications (Dapps) like Compound and Uniswap underscores its versatility. The Dai Savings Rate (DSR) mechanism allows holders to earn interest, providing an additional layer of utility.


The Future of DAI
As the largest decentralized lending platform with around $2.58 billion in total value locked, DAI continues to evolve. Its decentralized nature, transparent governance, and stability make it a key player in the ever-expanding realm of decentralized finance.
In conclusion, DAI's journey from its inception to its current position as a leading stablecoin showcases the potential of decentralized finance to reshape the financial landscape. Its unique features, decentralized governance, and adaptability position DAI as a cornerstone in the broader narrative of blockchain-based financial innovation.

What is unique about Dai (DAI)?

DAI stands out for its soft peg to the U.S. dollar, decentralized governance via MakerDAO's MKR tokens, and its collateralized issuance through the Maker Protocol, providing stability and transparency in the volatile world of cryptocurrencies.

Who are the founders of Dai (DAI)?

Rune Christensen is the founder of MakerDAO.

Who are the backers/investors of Dai (DAI)?

DAI operates within the decentralized finance (DeFi) ecosystem, and its collateralization process involves users depositing cryptocurrencies into smart-contract vaults managed by the Maker Protocol. As a decentralized system, there isn't a specific list of traditional backers or investors.

Where can I buy Dai (DAI)?

 

What are Dai (DAI) user reviews/opinions?

OGAudit is the first independent social audit platform for web3 projects and cryptocurrencies. Here you can find comprehensive crypto evaluations, ratings, unbiased and objective expert user reviews. There may be positive, negative, and neutral evaluations based on experts' experience and perspective with the product or the service about each cryptocurrency like Dai DAI. To access these ratings, evaluations, and comments, click here.

How to mine Dai (DAI)? How can I stake Dai (DAI)?

There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.

What is the circulating, max supply and market cap of Dai (DAI)?

This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of  Dai (DAI) is ($3,571,163,923), max supply of Dai  DAI is ($0) and the market cap of Dai  DAI is ($3,575,790,599)

What is the Dai (DAI) price prediction?

Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!

What is the price of Dai (DAI)?

The current market price of Dai (DAI) is $1. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.

Is Dai (DAI) a good investment?

It is important to do comprehensive research before deciding whether Dai (DAI) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:

Is this type of digital asset considered legal in your country?

Does Coin (Dai DAI) solve a good problem or offer the best solution?

Do products and services work effectively, and solutions are scalable?

Does the team have a realistic roadmap and can catch up with it?

Does Dai (DAI) have reasonable and sustainable revenue income models?

Can the team market their products and services well?

How decentralized is the governance and how strong is the community?

Has it reached its fair market value yet?

Does the coin/token have enough trading pairs and liquidity?

As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether Dai (DAI) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.

Update

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