Dai
DAI
Crypto
Stablecoin
USD 1.00-0.00%
Dai
UMushroom community rating:
About
Stablecoin
Categoryn/a
Consensus MechanismL2
L1/L2Asset backed
Sub-cateegoryethereum
Ecosystem2019
Year of creation
Description
Dai (DAI) is a Stablecoin crypto token. Dai was founded on 2019-11-22 on the ETHEREUM ecosystem. More information can be found at https://makerdao.com/.
Key Technical Advantages:
Two-Token System: MakerDAO uses a two-token system, consisting of Dai, a collateral-backed stablecoin offering stability, and MKR, a governance token that allows stakeholders to maintain the system and manage Dai. Decentralized Finance (DeFi): Maker aims to provide an inclusive platform for economic empowerment, offering equal access to the global financial marketplace through decentralized finance. Multi Collateral Dai (MCD): The updated Maker Protocol now accepts any Ethereum-based asset as collateral to generate Dai, as long as it is approved by MKR holders and assigned specific risk parameters through decentralized governance. New Features with MCD Upgrade: The MCD upgrade introduces several new features, such as a new Dai token, support for multiple collateral types (initially launching with ETH and BAT), Dai Savings Rate (DSR), more robust mechanisms for maintaining the peg between Dai and the US dollar, and stability fees paid every block rather than upon Dai repayment. Maker Terminology and Oasis Trade: MKR and governance aspects remain the same, while Oasis Trade is a platform that interacts with the Maker Protocol's smart contract modules system to facilitate operations like opening a Vault, borrowing against collateral, or using the DSR. Content summarized by AI chatbotSource:
Key figures
-0.01%1Y
-0.38%3Y
0.28%5Y
Performance
1/ 11D
1/ 01M
1/ 01Y
Highs/ Lows
13.09.2022
USD 1.06
All Time High
94.49%
% of All Time High
-14.55%All Time
-0.21%1 year
Max drawdown
#29
Ranking by Market Cap
5,365.57 M
Market cap (USD)
0.00%
% of Market
203.396 B
Category Market Cap (USD)
2.64%
% of Category
5365382702
Circulating Supply
5365382702
Liquid Supply
100.00%
Liquid/ Circulating Supply
N/A
Not Available Currently
Max Supply
N/A
Not Available Currently
Circulating/ Max Supply
168052782
Volume Traded
4.24%
Volume Traded/ Market Cap
Ratings & reviews
Performance:
0.00
Innovation:
0.00
Society:
0.00
Nature:
0.00
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