Dai

Dai

(DAI)
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About Dai

Launched in November 2019, DAI (DAI) is the "new and improved" version of SAI (Single-Collateral DAI) and is an Ethereum-based stablecoin. DAI is developed and managed by the Maker Protocol and the MakerDAO (decentralized autonomous organization) via a software protocol rendering it completely decentralized.

Soft pegged to the US dollar, DAI is collateralized by various cryptocurrencies that are deposited into smart contracts every time new DAI is minted, an improvement from SAI which could only be collateralized by a single crypto. Users holding DAI tokens are also able to earn interest through the DAI Savings Rate.

Key Statistics

Ranking

19

24H Volume

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Circulating Supply

DAI 9.30b

Market Cap

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