DAI Price Overview
The current price of DAI is $1.00, maintaining its stable peg to the US dollar. Key metrics:
- 24H Trading Volume: $52,660,702
- Market Cap: $5,363,897,683
- Price Stability: 0.00% change in the last 24 hours
👉 Track DAI's real-time price movements
What Is DAI?
DAI is a decentralized, collateral-backed stablecoin soft-pegged to the US Dollar. Key features:
- Overcollateralized: Every DAI in circulation is backed by excess crypto collateral (e.g., ETH, WBTC) locked in Maker Vaults.
- Transparent: All transactions are recorded on the Ethereum blockchain.
- Multi-Chain: Supported on Ethereum, Arbitrum, BNB Chain, Polygon, and other major networks.
How DAI Is Created
- Users deposit crypto assets into Maker Vaults.
- The protocol mints new DAI against this collateral.
- Borrowers maintain a collateral ratio higher than 100% to ensure stability.
MakerDAO: The Governance Behind DAI
MakerDAO is the decentralized community governing the DAI ecosystem:
- $MKR Token Holders vote on protocol upgrades and risk parameters.
- Decentralized Governance: Changes to fees, collateral types, and system upgrades are decided by community proposals.
Maker Protocol: The Technical Backbone
The Maker Protocol consists of Ethereum smart contracts that:
- Enable DAI generation through collateralized debt positions (CDPs).
- Automatically liquidate undercollateralized vaults to protect DAI's peg.
- Audit publicly: All contracts are transparent and verifiable.
DAI Social Channels & Contract Addresses
| Platform | Link |
|---|---|
| @MakerDAO | |
| Telegram | MakerDAO Community |
| Contract (Ethereum) | 0x6b175474e89094c44da98b954eedeac495271d0f |
DAI Exchange Listings & Trading Data (Top 10)
| Rank | Exchange | Trading Pair | Price (USD) | 24H Volume |
|---|---|---|---|---|
| 1 | Bibox | DAI/USDT | 1.00 | $534M |
| 2 | Huobi | DAI/USDT | 1.00 | $4.3M |
| 3 | OKX | DAI/USDT | 1.00 | $908K |
| 4 | Coinbase | DAI/USD | 1.00 | $261K |
| 5 | Kraken | DAI/EUR | 0.92 | $223K |
👉 Trade DAI with low fees on top platforms
FAQ: DAI Stablecoin Explained
Q: Is DAI truly decentralized?
A: Yes! Unlike centralized stablecoins (e.g., USDT), DAI’s issuance and governance are managed by MakerDAO’s community of $MKR holders.
Q: How does DAI maintain its $1 peg?
A: Through automated mechanisms like:
- Stability Fees: Adjusted interest rates on DAI loans.
- Liquidations: Undercollateralized vaults are auctioned to recapitalize the system.
Q: Can I earn yield with DAI?
A: Absolutely. Many DeFi platforms offer lending, staking, or liquidity mining opportunities for DAI holders.
Key Takeaways
- DAI combines stability with decentralization, making it a cornerstone of DeFi.
- Its value is preserved through overcollateralization and community governance.
- Available on 30+ exchanges with deep liquidity.
For real-time DAI price alerts and trading strategies, stay updated via official MakerDAO channels.
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