0.99836 USD 0% 0.00003622 BTC
Financial indicators DAI
- Rank: 17
- Market Cap: 5481540000 $
- 24 Hour Volume: 263875000 $
- Total Supply: 5490550000
- Circulating Supply: 5490550000 (100%)
What is Dai?
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.
- Site: http://www.makerdao.com