Multi-Collateral Dai is a token of the Maker Protocol, which includes the Dai Savings Rate (DSR) and additional collateral asset types.
Dai Market Cap
24h Trade Volume
Supply
All-Time-High (ATH) Price
Dai's current price is $ 1.00, it has dropped -0.02% over the past 24 hours.
Dai's All Time High (ATH) of $ 1.28 was reached on 13 Mar 2020, and is currently -21.7% down.
The maximum supply of Dai that will ever be issued is 7.38 Billions tokens, and the current supply of DAI in circulation is 7.38 Billions tokens.
Dai’s 24 hour trading volume is $ 508.05 Millions.
Dai's current share of the entire cryptocurrency market is 0.29%, with a market capitalization of $ 7.38 Billions.
Dai Price
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 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
What is 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.