Dai
0.9994
-0.01073%
USD
Price History
Market Cap
5,362,181,210 USD
24h Volume
61,477,415 USD
Circulating Supply
5,365,382,703 DAI
Max Supply
0.00000
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
23 months
Algorithm
N/a
Block Processing
N/A
Emission Rate
Proportional To Network Activity
Community size
0.00000
Open Source
Yes
CEO
Rune Christensen
CTO
Andy Milenius
Team Memberes
58 member, 23 developers
Dai News
View All
DeFi Leader MarkerDAO Partners With Simplex to Create a Dai Fiat On-Ramp
Major decentralized finance player MakerDAO partnered with payment processor Simplex to create a fiat on-ramp for its Dai decentralized stablecoin.
MakerDAO and More: The Quest for a Stable Stablecoin Continues
One of a growing number of crypto tokens referred to as "Stablecoins," these cryptocurrencies are engineered to adjust their supply as the market shifts, issuing when prices rise and retracting when they drop, in an effort to keep their prices steady.
Coinbase Commerce Integrates Dai Cryptocurrency for Merchant Payments
Coinbase's merchant payments arm has added support for the dai stablecoin, bringing together online retail and decentralized finance.
Millions of Online Retailers Can Now Accept DAI on Coinbase Commerce
Coinbase Commerce, a platform that supports cryptocurrency payments for internet retailers, has added MakerDAO's DAI stablecoin as a supported payment method this week.
PoolTogether DeFi App Announces $1M Investment After No-Loss Lottery Payout Tops $1K
One lucky DAI holder won over $1,400 on PoolTogether Friday, reaching a new order of magnitude in prize payouts for risk-averse gamblers.
Most of MakerDAO's Asset Value Is in Only a Few Addresses
The most popular DeFi protocol right now is MakerDAO's multi-collateral Dai system, where users create "Collateralized debt positions" by putting up ether or other ERC-20 tokens as collateral to generate DAI tokens up to two-thirds of the value of the ether.
One Wallet Owns 27% of Ether Behind MakerDAO's Sai Stablecoin
Of all the Ether locked in the collateralized debt positions of the old MakerDAO system, 27% belongs to a single Ethereum address.
MakerDAO Pitches DeFi to the Masses at CES 2020
LAS VEGAS - There's a "Digital money" section on the show floor of the Consumer Electronics Show in Las Vegas, but MakerDAO is the only digital money with a booth there.
Dragonfly Capital, Paradigm Buy $27.5M Stake in Governing MakerDAO's Future
Venture funds Dragonfly Capital and Paradigm have acquired $27.5 million worth of MKR tokens and plan to take part in the Maker Protocol's governance system.
Maker Foundation Announces $27.5 Million MKR Sale, Expands DeFi to Asian Market
The Maker Foundation, the group behind the decentralized crypto platform MakerDAO, announced today that venture capital funds Dragonfly Capital Partners and Paradigm have acquired $27.5 million worth of MKR. This is approximately 5.5% of the total MKR supply.