24h Trade Volume
All-Time-High (ATH) Price
Multi-collateral DAI (DAI) is a cryptocurrency token generated on the Ethereum blockchain.The total supply of Multi-collateral DAI that will ever be issued is 123.35 Millions tokens, and the current supply of DAI in circulation is 122.90 Millions tokens.
Current Multi-collateral DAI price is $ 1.00 moved down to -0.04% for the last 24 hours.
All time high (ATH) price of Multi-collateral DAI reached $ 1.02 on 25 Nov 2019 and fallen -2.22% from it.
Multi-collateral DAI's share of the entire cryptocurrency market is 0.05% with the market capitalization of $ 123.05 Millions.
Multi-collateral DAI’s 24 trading volume is $ 10.12 Millions. It is trading on 19 markets and 9 Exchanges .
Multi-collateral DAI Price Chart
Multi-collateral DAI price Index provides the latest DAI price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.
The Multi-collateral DAI to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.
DAI to USD Converter
Multi-collateral DAI Performance USD
|24H||-$ 0.00037||-0.04%||$ 1.01||$ 0.995|
|7D||$ 0.00191||0.19%||$ 1.01||$ 0.994|
|1M||$ 0.000598||0.06%||$ 1.02||$ 0.991|
|3M||$ 0.00645||0.65%||$ 1.02||$ 0.977|
|YTD||$ 0.0065||0.65%||$ 1.02||$ 0.988|
What is Multi-collateral DAI
Multi-Collateral Dai is a token of the Maker Protocol, which includes the Dai Savings Rate (DSR) and additional collateral asset types.
The Dai Stablecoin is a collateral-backed cryptocurrency whose value is stable relative to the US Dollar. Unlike other Stablecoins, Dai is completely decentralized3.
Users can obtain Dai by buying it from brokers or exchanges, and Dai holders can utilize a special mechanic known as the Dai Savings Rate to earn a steady, low-risk return on their holdings.
Maker is a smart contract platform on Ethereum that backs and stabilizes the value of Dai through a dynamic system of Collateralized Debt Positions, autonomous feedback mechanisms, and appropriately incentivized external actors.
Maker enables anyone to leverage their Ethereum assets to generate Dai on the Maker Platform. Once generated, Dai can be used in the same manner as any other cryptocurrency: it can be freely sent to others, used as payments for goods and services, or held as long term savings. Importantly, the generation of Dai also creates the components needed for a robust decentralized lending platform.