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Dai Dai

DAI price
1.00003 USD -0% 0.00001940 BTC

Financial indicators DAI

  • Rank: 18
  • Market Cap: 5348040000 $
  • 24 Hour Volume: 185935000 $
  • Total Supply: 5347890000
  • Circulating Supply: 5347890000 (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.

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