Dai icon Dai (DAI)
Crypto Community Points and Price


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add active $1.01  on  Feb 27, 2020 

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That's all we got for #Dai

Overview of Dai

Maker through Collateralized Debt Positions (CDPs) is a smart contract platform that exists on Ethereum. Its work is to back and stabilize the value of Dai and the good thing is that it simply acts as a loan against Ethereum via the MakerDAO dApp.

Dai is an Ethereum (ERC20) token that’s fixed to $1, like every Dai is worth $1 and will remain so as long as Dai is in existence. It lives within the ERC20 blockchain using smart contracts. It is price stabilized against the USD value by automatically reacting to the emerging market.

If you wish to have a solid cryptocurrency in your wallets, then Dai is the best investment. This is because one is able to lend through it and receive an interest rate.

Dai has a total supply of $50,301,251 DAI and a circulating supply of $50,301,251 DAI.