What is Dai?
Once generated, Dai can be used in the same manner as any other cryptocurrency. The Dai (DAI) is a collateral-backed cryptocurrency whose value is stable relative to the US Dollar. The DAI was created by the Maker, a smart contract platform on the Ethereum blockchain, to enable anyone to leverage their Ethereum assets and generate DAI tokens on the Maker Platform.
Crypto markets have continued their consolidation for another day but decentralized finance markets are hitting record levels again as Ethereum… read more
Close to half of Dai’s total supply is now in a savings account earning nearly 8% a year. That’s just… read more
Recent statistics revealed that MakerDAO’s tokenized dollar, DAI, has been handling billions of dollars per month in November and December… read more
DAI, the ethereum based tokenized dollar by MakerDAO is now handling considerable volumes just two years after it launched. According… read more
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The year 2019 is slowly becoming the era of stablecoins. It appears a new type of currency will be issued… read more
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