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DAI

Multi-collateral DAI

0.999

-0.09%

Harmony Ecosystem
Metis Andromeda
Base Blockchain
Hot in Japan
Arbitrum Nova Ecosystem

Circ/Total Supply

3530345209/3530345209

100%

Volume/24h%

95110264.903457

-0.09%

#41

24h Turnover

2.7%

24h
-0.09%
7d
0.01%
3mo
0%
6mo
0%
1y
0%
All
- -
Basic Info
Chain
GoPlus
BSC,Ethereum
Algorithm
Consensus
Launch Date
2017-12-25
Token Distribution
Social Media
Social Media
Explorer
Explorer
Cryptocurrencies
$3,526,980,806.24
MC %
0.11%
FDV
3532394443.61
Circulating Supply
3,530,345,209 DAI
Total Supply
3,530,345,209 DAI
Circ. Rate
100.0000%
Max Supply
Listed Date
2017-12-25
Listed DEX/CEX
34
Initial Price
$0.9151
Project Info
check more

Dai is the largest decentralized stablecoin on Ethereum. Developed and managed by MakerDAO, Dai is the infrastructure for decentralized Finance (DeFi). Dai is issued by full collateral on the chain of assets and is anchored 1:1 to the DOLLAR, with 1Dai=1 DOLLAR. Individuals and businesses can obtain safe-haven assets and liquidity by exchanging or mortgaging Dai. Dai has been applied in mortgage lending, margin trading, international transfer and supply chain finance.

The

Maker protocol, also known as the Multi-mortgage Dai (MCD) system, allows users to generate A Dai by leveraging a mortgage asset approved by Maker Governance. Maker Governance is the community organizing and operating process for managing all aspects of the Maker protocol. Dai is a decentralized, unbiased, mortgage-backed cryptocurrency pegged to the US dollar. Dai's low volatility protects against hyperinflation and provides economic freedom and opportunity for anyone, anywhere.

Dai Stable currency is a digital currency backed by mortgage assets whose price remains stable against the DOLLAR. Maker is a smart contract platform on Ethereum that supports and stabilizes Dai prices through CDP, automated feedback mechanisms and appropriate external incentives. The Maker platform gives anyone the opportunity to leverage DAI with Ethereum assets. When Dai is created, it can be used like any other digital currency asset: freely distributed to others, as a means of payment for goods and services, or in long-term storage. Importantly, the emergence of Dai is also a necessity for robust decentralized leveraged trading platforms.

All DAIs are created by mortgaging digital assets on the chain. The launch of Dai was made possible through a series of smart contracts. This series of smart contracts is called CDP (Collateralized debt obligation Position). In current market conditions, a user needs to pledge at least 150% of ETH value (i.e., $150 ETH value) in order to obtain the equivalent of $100 Dai, and the safety valve value is 200%. This percentage is called the Collateralization ratio.

The CDP of the
Dai system also has another parameter, called Liquidation Ratio, which is the lowest pledge rate acceptable to the system, i.e. 150%. When the market value fluctuates so that the pledge rate falls below the liquidation rate, the ETH pledged by the CDP is auctioned and the Dai obtained from the auction is destroyed, thus ensuring a stable ratio of the overall pledge to the ISSUED Dai.
项目关注
Attention Score
3.74
Exchange34
Top 10 Exchange6
Social Media
Twitter
233.3K
Reddit
34.6K
Facebook
0
Weibo
0
Github
37
Contributors
13
Commits
1.2K
Forks
186

DAI Project Development Progress

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