<p>DAI is a stablecoin that is soft pegged to the US dollar. It is decentralized, unbiased, collateral-backed, and is also the key to the MakerDAO lending system. Currently, MakerDAO is one of the largest and most established dApps running on the Ethereum blockchain.</p><p>The MakerDAO protocol allows anyone with ETH to lend themselves money in the form of DAI stablecoin. Dai is resistant to hyperinflation since it is literally designed to minimize volatility and resist aggressive price fluctuations. Essentially, anyone anywhere can generate the Dai stablecoin against crypto collateral assets.</p><p>DAI in its current form was launched in 2018. MakerDAO created token as the new Multi-Collateral Dai token. This replaced the previous one, which has been renamed to SAI (Single-Collateral Dai).</p><p>Since the release of Single-Collateral Dai in 2017, Dai’s success has grown together with the broad industry adoption of stablecoins. Stablecoins are cryptocurrencies designed to maintain price value and function similarly to FIAT currencies. Stablecoin popularity has sharply risen, and they have become an integral part of DeFi decentralized applications as a whole.</p><h3>What are Multi-Collateral DAI key features and how does it work?</h3><p>MakerDAO works by users locking up ETH in smart contracts on the MakerDAO network, network participants then have borrow to a percentage of the collateral value. This depends on the Liquidation Ratio of a certain vault. The more ETH locked in the smart contracts, the more DAI is generated. For a user to access their locked ETH, they must pay back the DAI loan along with any fees. The DAI stablecoin system also accepts any ERC-20 asset that has been approved by MKR holders as collateral.</p><p>Generated DAI is kept stable through the collateral assets that are deposited into Maker Vaults on the MakerDAO Protocol. The value of the collateral deposited must be more than the total value of the DAI issued to the user. There is a benefit to locking up collateral since users can deposit riskier assets and get stablecoin in return, thus, minimizing their overall risk exposure. Some of the most popular collateral to be locked is ETH and USDC.</p><p>The Maker Protocol uses two tokens in its model. As mentioned, the first is the collateral-backed DAI stablecoin. The second is the MKR token that is used for protocol governance. MKR is utilized by stakeholders to maintain the system and manage the DAI stablecoin. For example, MKR token holders must first vote and approve each ERC-20 token before it can be used as collateral. One MKR token is equal to one vote.</p><p>MKR itself is an ERC-20 asset running on the Ethereum blockchain and it can be minted or burned depending on how close the DAI stablecoin is to the US dollar.&nbsp;</p><h3>What can Multi-Collateral Dai (DAI) be used for?</h3><p>Once in a user’s possession, DAI can be used just like any other crypto asset. For example, it can be sent to other users, traded and exchanged for other cryptos, and used as payment for services. DAI can also be held as savings through Maker’s DAI Savings Rate (DSR).</p><p>DAI is also used as the deferred payment method to settle debts in the MakerDao Protocol.</p><h3>Where can you buy DAI?</h3><p>DAI can be bought and traded on the CEXs and DEXs as listed<a href="https://cryptorank.io/price/multicollateraldai/exchanges" rel="noopener noreferrer" target="_blank"> here.</a></p>

DAI is a collateral-backed stablecoin pegged to the US dollar

Stay up to date with your assets.

Stay on top of the market by creating customized alerts sent directly to your Telegram or email.

Choose your Alert type

Add New {name} Alert

Edit {name} Alert

Alert me {freq} when {trackedItem} {condition}.

price{onExchange} is >= {currency}{value1} or <= {currency}{value2} or 24h trade volume increased by {volume}%

price{onExchange} is >= {currency}{value1}

price{onExchange} is <= {currency}{value1}

price{onExchange} is >= {currency}{value1} or <= {currency}{value2}

24h trade volume{onExchange} increased on {value1}%

Please connect your account to our Telegram bot to receive notifications

New price alert added

Total raised in USD value and total number of IDO/ICO/IEOs by month

Total raised in USD value and total number of IDO/ICO/IEOs by week

Total Raise and Number of Public Sales

Monthly raise and number of token sales including private rounds

Weekly raise and number of token sales including private rounds

Fundraising Activity

Token Sale Categories by Month

Top Launchpads Ranked by Average ROI

Funds Raised on Public Rounds by Blockchain

Number of Token Sales (IDO/IEO/ICOs) by Launchpad and Category

Top 15 Launchpads Ranked by Funds Raised

Number of Public Token Sales by Type

Check your email

We've sent you an email with confirmation link. If you don't have it in your inbox - check your spam box.

CryptoRank App

See CryptoRank with...

This widget provides information about the blockchains with the highest growth or decline in TVL for the selected timeframe.

~ On {finalDate} the block reward will be reduced from 3.125 Bitcoin per block to 1.5625 Bitcoin per block

{name} Halving Price Prediction

{name} {type}

Funds and Backers

{value} Details

{fundingRound} {firstAnd} {value} {secondAnd} {launchpools}

To Be Announced

{name} Price $ {price}

{name} ({symbol}) Price $ {price}

{coinName} Price Today

{name} News

The {name} to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

{name} price Index provides the latest {symbol} price in US Dollars {delimiter} {btc_eth} using an average from the world's leading crypto exchanges.

supply of {name} that will ever be issued is {value} {of}

The current circulating supply of {name} is {availableSupply} {currencyType}, and the maximum supply of {symbol} is unlimited. 

Choose a convenient way to connect your EVM wallet.

Cryptocurrencies

Fiat Currencies

This widget provides information on the current total value locked (TVL) in the major DeFi protocols on the top 10 blockchains.

Tiers are assigned to funds according to the following quantitative and qualitative indicators: AUM, the weighted average of a fund’s projects’ quality (market capitalization, trading volume, ROI), fund management, media sentiment, experience, popularity, etc. The tier ranking does not in any way represent the forecasts, estimates, projections, or predictions of the Company or its management.

Score generated by TwitterScore.io based on the popularity of this account in crypto space

{exchangeName} {coinSymbol} Futures Total Open Interest & Volumes

{exchangeName} {coinSymbol} Futures Daily Market Share %

Here you can find a token or a trading pair on decentralized exchanges

DEX Exchanges by Aggregated {interval} Volumes

Due to the increasing number of fraudulent Discord servers, always double-check the authenticity of every Discord server through the project's website or other reliable sources. Do not sign suspicious transactions and do not share your private key with anyone.

It looks like the page you're looking for does not exist.

The requested page was not found

Exchanges Analytics

Share exchanges analytics

Do you have some feedback?

Use filtering to find the cryptocurrencies you need

{followersNumber} {entityName} Followers

Market Data API

Track your wallet balances, view asset allocations, get real-time price data, and more

Easily manage your assets with our Mobile App

Projects which received investments from {name}

Total funds raised and total number of funding rounds by month

Total funds raised and total number of funding rounds by week

Crypto Fundraising Trend

Create your Preset using Filter settings.

HeatMap

Share market state

Color represents price change. Size represents market cap.

All cryptocurrencies

Analyze the historical total value locked (TVL) change of the top 10 blockchains. By changing the timeframe you can get detailed information for the desired period.

The Rank is calculated as TGE Number weighted average ROI. In more detail, the rank is calculated as the ratio of the average ATH and Current ROI of all TGEs conducted on the particular platform to the total number of TGEs conducted on the fundraising platform.

Only TOP 10 by ROI platforms with at least {count} IDOs conducted are shown in the report.

Where number in brackets (NUM) shows number of IDOs conducted.

Only platforms with at least {count} IEOs conducted are shown in the report. Where (NUM) - number of IEOs conducted in braces

Most Volatile

Unusual Volume

New High (ATH)

New Low (ATL)

Top Gainers

Top {coins} {type} with more than USD {volume} total volume over the last {period}

Top Losers

{name} Launchpad

Selected Layout Settings

Please choose metrics to view from the list below

You can spend your Spaceships on NFTs, discounts, or promo codes

Complete daily quests to earn more Spaceships

Get Daily Bonus

Check-in everyday and complete tutorial and daily tasks to get maximum Spaceships

or download our APK

Scan QR code to get download link specifically for your mobile platform

Mobile CryptoRank App

Name

Complete tasks and earn rewards

CryptoRank Spaceships

Select Websites channels that you want to add to Cryptonews feed

Select Sources

Related News

Search Results for: 

Please enter your valid email address to proceed with registration.

Sorry, but your {social} account doesn't have an email address.

Try again with a different term

No results for “{query}”

Create customized alerts sent straight to you via the CryptoRank app, Telegram, or Email. Alerts can be set for every coin we have listed!

Discover recent crypto fundraising rounds of upcoming projects and follow portfolios of top funds

Explore their upcoming sales and compare main features and past performances

You can also create a manual portfolio and add assets yourself. Portfolio analytics is available in the same form as in the tracker

Analyze ROI, price action, and other key IDO metrics using the largest token sale database

Simply add your crypto wallet addresses to track the performance of your portfolio. Fast and secure

Get in touch with us for info about listings, tokens, exchanges, IDOs, or any other promotional inquires

Interested in a partnership?

Current and ATH Average Returns Table

Share current and ATH average returns table

Less

More...

Share Chart Screen

Subject

The account is suspected of violating CryptoRank.io terms of use. You may continue to use the website except for personal features.

Your account has been suspended

Create your Preset using Layout and Filter settings.

Customize table using Layout settings

Layout & Filters

Filters

Layout

Market sentiment is very bearish, many assets may be undervalued.

Extreme fear

Market sentiment is very bullish, many assets may be overpriced.

Extreme greed

Market sentiment is moderately bearish, traders are taking less risk.

Fear

Market sentiment is moderately bullish, traders are taking more risk.

Greed

Use CryptoRank.io data widgets to get the latest information about the cryptocurrency market. Just set up, copy and paste the iFrame code on your website.

Create the <p>Crypto Widget</p> for your website in a few clicks

Explore the most complete  team of %coinname%, get data about their activities and contact details on CryptoRank.io

Dai DAI

Dai Team