Overview of Dai (DAI)
Dai (DAI) is an Ethereum-based stablecoin designed to maintain a soft peg to the US dollar. Managed by the Maker Protocol and MakerDAO decentralized autonomous organization, DAI is collateralized by a mix of cryptocurrencies held in smart contract vaults.
Key Features:
- Stability: Price-pegged to $1 USD
- Decentralized Governance: Operated by MakerDAO token holders
- Multi-Collateral Backing: Supported by various crypto assets
- Transparency: All operations recorded on Ethereum blockchain
Dai Market Data (Live Updates)
- Current Price: ₩1,363.69 KRW
- 24h Trading Volume: ₩26.14T KRW
- Market Cap: ₩7.31T KRW (#24 ranking)
- Circulating Supply: 5.36B DAI
- Max Supply: Unlimited
👉 Track real-time DAI price movements
How Dai Maintains Its Dollar Peg
The Maker Protocol uses an automated system of:
- Collateralized Debt Positions (CDPs)
- Smart Contract Liquidation Mechanisms
- DAI Savings Rate incentives
This three-pronged approach ensures price stability through market forces and algorithmic adjustments.
Where to Buy Dai
DAI is available across major exchanges:
Centralized Exchanges:
- Binance
- Coinbase Pro
- OKEx
Decentralized Platforms:
- Uniswap
- Compound Finance
Dai vs Other Stablecoins
| Feature | DAI | USDT | USDC |
|---|---|---|---|
| Issuer | MakerDAO | Tether | Circle |
| Collateral | Crypto-backed | Fiat-backed | Fiat-backed |
| Transparency | High | Medium | High |
| Governance | Decentralized | Centralized | Centralized |
FAQ About Dai
What makes DAI different from other stablecoins?
DAI is unique as the first decentralized stablecoin not issued by a central entity. Its value is maintained through smart contract mechanisms rather than corporate promises.
How can I earn yield with DAI?
You can:
- Lend DAI on DeFi platforms like Compound
- Participate in MakerDAO governance
- Use DAI in yield farming strategies
Is DAI completely risk-free?
No stablecoin is risk-free. DAI carries:
- Smart contract risk
- Collateral volatility risk
- Liquidation risk in CDPs
What happens if DAI loses its peg?
The Maker Protocol automatically adjusts interest rates and triggers collateral liquidations to restore the peg through market incentives.
The Future of Dai
Upcoming developments include:
- Expansion of collateral types
- Cross-chain interoperability
- Enhanced governance mechanisms
As decentralized finance grows, DAI continues to evolve as a cornerstone of the ecosystem.