Soon after I entered Cryptoland, I realised that a key way to grow my assets was to take profit in the form of staked StableCoin and then buy back (or convert) the dip. I have always been terrible at predicting the bottom of the dip, but am getting better and am applying more risk adverse strategies as my understanding develops and I mature as an investor. It was with this in my background that DAI was my first darling of the crypto world.
And nobody ever forgets their first love, even if it becomes rose-tinted in the present.
While she was only offering a mere 2% APY on Coinbase she held my attention and back then, with me holding so much DAI I used to love the watching the staked earnings stack up on the ticker. It was rotating so fast I couldn’t keep up with it and I was enthralled. Furthermore I held a lot on Celsius, but the less I speak about that betrayal the better!
It may have been a shallow love but it was real to me even if she was expensive at times.
But then Coinbase withdrew DAI staking and I fell out with her. Often first loves tend to disappear, even with a sense of disappointment and yet some lingering nostalgia often remains and while I maintain a similar pattern for consolidation my new love is USDC which stakes at almost double DAI's rate.
I haven’t even thought of her for a long time and then, as you often do with a first love, she came crashing back into my mind this morning from nowhere with a macabre thought.
Has DAI “DAI’d?” and believe me when I say that I was so tempted to call this post by that name.
BTW I make no apologies for maintaining her name as DAI and using the pronoun SHE, even if she has evolved and moved on because it was as DAI that she became my love!
So back to what I was saying after my minor digression…
The good news is that she is still there doing her thing and she actually remains one of the most stable of all decentralised assets and has remained reliably pegged to the USD with per price holding consistently at around $0.9997 (November 2025) with a daily trading volume of between $64M–$107M, which makes it one of the largest decentralised StableCoins. Further more she has expanded beyond crypto and diversified into real-world assets (RWAs), with over $2.68 billion in tokenised loans
DAI has a hold on about 16% of on-chain CDP stablecoin borrowing, reinforcing its role in decentralised lending and, depending on the platform, offers competitive yields when compared to centralised stablecoins like USDC and Tether. While community-driven risk management reduces reliance on centralised issuers she is widely used across DeFi protocols, which enhances liquidity and yield opportunities.
The outlook for DAI is very positive with expectations being that she is expected to continue to be a strategic DeFi asset which balances yield generation with regulatory challenges. At the same time she has positioned herself as a cornerstone of decentralised finance by bridging crypto and real-world assets and bringing them together.
While I no longer hold any DAI she has not been forgotten.
As always stay safe and well my friends.
EndNote
I know I have written about DAI and not BitCoin, but the header image is AI generated (not the article though and as long as I am a writer no post will ever be AI generated) and for some reason even though I prompted with "non-specific gold coin" and it kept dropping a BitCoin into it and frankly the image is almost good enough and I am not being deliberately deceitful.
