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.
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
We are being fleeced by the vampire squids on Wall Street, but perhaps not for much longer if the new… read more
The year 2019 is slowly becoming the era of stablecoins. It appears a new type of currency will be issued… read more
Stablecoins have taken over a significant portion of the cryptocurrency landscape. The team behind Dai is looking to shake things… read more
The MakerDAO project launches its upgraded multi-collateral Dai stablecoin today. To the relief of many, it will not include traditional… read more
The amount of ethereum locked in decentralized financial applications, dubbed as DeFi (for defiance?), has reached an all time high… read more
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