Dai

0.98
-0.52%
USD
Exchange DAI
x
Price History
Market Cap
86,055,476 USD
24h Volume
44,896,509 USD
Circulating Supply
87,788,741 DAI
Max Supply
87,788,741 DAI
Dai Overview
Dai is a cryptocurrency that automatically reacts to emergent market conditions in order to stabilize its value against the major world currencies. Dai is created by the Dai Stablecoin System, a decentralized platform that runs on the Ethereum blockchain.
Blockchain
Ethereum
Consensus Method
Ethereum Consensus
Status of Project
Fully Working Product
Coin Age
16 months
Algorithm
N/a
Block Processing
N/A
Emission Rate
Proportional To Network Activity
Community size
24,881
Open Source
Yes
CEO
Rune Christensen
CTO
Andy Milenius
Team Memberes
58 member, 23 developers
Dai News
View All
MakerDAO Token Holders Vote About Whether to Raise DAI Stability Fee by 3%
Another vote about whether to raise the so-called stability fee for Maker's ethereum-based DAI decentralized stablecoin by 3% has started on the governance portal of the Decentralized Autonomous Organization on April 19.
MakerDAO Voters Divided on How Much to Hike Fee for DAI Stablecoin
Token holders for the programmatic loan system MakerDAO have once again signaled support for raising fees through a now-weekly online poll.
MakerDAO to Increase Fees Above 10% in Bid to Stabilize DAI Stablecoin
Investors who hold tokens in the programmatic lending protocol MakerDAO appear likely to approve a fifth fee increase that would further raise the cost of platform's US dollar-backed stablecoin DAI. Since Monday, five different options have been presented to MakerDAO token holders, all of which suggested different possible increases to the platform's "Stability fee," the most extreme being a 4 percent increase.
Clear Majority in Fifth MakerDAO Vote Looks Set to Pass Another Increase in DAI Stability Fee
Users of Decentralized Autonomous Organization MakerDAO look set to raise the stability fee for Maker's DAI stablecoin by a further 4%, in the fifth such vote this year.
Blockchain Prediction Platform Augur to Launch Stablecoin DAI-Denominated Markets
Blockchain-powered event betting platform Augur has launched a token denominated in MakerDAO's Dai stablecoin as part of a major upgrade to its platform.
New USStocks Token Lets Investors Access US Stock Market With Stablecoin Dai
Decentralized financial contracts platform UMA has partnered with Decentralized Autonomous Organization MakerDAO to release a token tied to the United States stock market, UMA announced in a blog post on March 27.
$5 Million in MakerDAO Loans Have Been Liquidated, But Help Is on the Way
It goes without saying that this comes with a considerable amount of risk to the user borrowing DAI, given that sudden drops in ether price may devalue collateral held within a CDP. Should the value of any contract fall below the minimum collateralization ratio of 1.5 ETH to DAI, the MakerDAO system will forcibly liquidate a user's CDP and sell all staked ether automatically at a 3 percent discount to cover outstanding DAI debt - all this on top of a 13 percent liquidation penalty.
Accepted: MakerDAO Vote to Raise DAI Stablecoin Stability Fee by 4% to 7.5% per Year
Users of Decentralized Autonomous Organization MakerDAO have voted to raise the so-called stability fee for Maker's DAI stablecoin by 4 percent, according to the results of a recent poll completed on March 21.
MakerDAO Voters Support Raising Ethereum-backed Loan Interest Rates to 7.5 Percent
MakerDAO, a decentralized autonomous organization that provides crypto collateralized loans, polled its community on whether to increase interest rates and by how much.
MakerDAO Votes to Increase Fees 4% on Ethereum Stablecoin DAI
MakerDAO token holders have again voted to increase fees charged to those taking out programmatic loans on the blockchain through its U.S. dollar-backed ethereum stablecoin DAI. The fourth and largest fee hike to the DAI "Stability Fee," users who take out loans with MakerDAO to generate new DAI will soon be required to pay a 7.5 percent fee when closing out the loan.
x