Hello World! Today we are going to research the DAI Stablecoin {which publish0x bloggers earn.}

We are going to investigate the physical mechanisms that keep this "coin" stable. What is a stable coin? Is it really possible to stabilize a currency

anyways?  We will answer these questions and more. Feel free to open up a new tab and follow along.

Let's open up DAI Stablecoin in Openmarketcap and see how stable the coin has actually been performing using a price

graph. https://openmarketcap.com/cryptocurrency/dai-usd First let's look at the current DIA price.

The DAI stablecoin is currently listed at $0.9865 which is great if DAI is supposed to stabilize around $1. Let's take a look at the lowest price on the

DAI graph and see how stable things really are. How low has the price gone? How high has it risen? What is the total swing? Take a look at the two

graphs below and the price points I highlighted.

It appears the lowest price point for DAI Stablecoin is $0.95. The highest point is $1.06. The total swing is 11 cents.

Okay lets head back to https://makerdao.com/en/dai/ and take a look at the listed mechanisms to keep Dai stablecoin stable. At the very bottom of

the website page there is a link to the DAI stablecoin Whitepages. Let's click on the link and take a look at the DAI whitepages: Which are very

detailed. - https://makerdao.com/en/whitepaper#overview-of-the-dai-stablecoin-system

The whitepages give information on "price stability mechanisms." The first mechanism is a target price for DAi: Which of

course is 1 USD like we discussed earlier.This process is described as a "soft peg." The second mechanism is an emergency shut down. "Emergency

Shutdown is a process that can be used as a last resort to directly enforce the Target Price to holders of Dai and CDPs, and protect Maker against

attacks to its infrastructure." This Emergency shutdown process is decentralized. The final mechanism is DAI savings rate adjustments. "The Dai

Savings Rate is a global system parameter that both affects how much Dai holders can earn in return on their holdings over time, as well as the base

borrowing cost for generating Dai from CDPs." Based on the DAI stable coin price the Savings rate will be adjusted to keep DAI around $1 USD.

DAI stablecoin is currently listed on coinbasepro liquid and bitfinex.

Links { From the Whitepaper:Which is located here:https://makerdao.com/en/whitepaper#links }

• Chat:​ https://chat.makerdao.com/ — Primary platform of community interaction

• Subreddit:​ ​https://reddit.com/r/makerdao/ — Best place to get latest news and links

• GitHub:​ https://github.com/makerdao/ — Repository of the public Maker code

• SoundCloud:​ ​https://soundcloud.com/makerdao/ — Governance meeting recordings

• Maker Tools: https://mkr.tools/ — Real time overview of the live system