Dai StableCoin (DAI)

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DAI is one of the two stablecoins that support the MakerDAO stablecoin ecosystem launched by MakerDAO in 2016. DAI’s purpose in the ecosystem is distinct, being the actual stablecoin, as opposed to its governance token counterpart that is MKR.

Stablecoins are being created with increasing frequency and it forms one of the major trends of 2019. However, unlike most other stablecoins, the DAI token differs from others as it does not back DAI tokens with dollar reserves. Rather, it supports the value of DAI tokens through Collateralized Debt Positions (CDPs). CDPs are smart contracts that provide DAI tokens which are backed by collateral (Ether), which it holds until the DAI is returned. This is an integral function in the MakerDAO ecosystem.

The technique used to keep DAI’s value stable at $1 is quite clever. In short, the DAI token is always collateralized and if its value sways from $1, the network is incentivized to push the value back to $1. 

As the DAI token is simply a stablecoin, there is not much in the way of development for the specifically the token, though the team has released many details on the general development of the ecosystem. 

Several changes have been made to the ecosystem in 2019, including updates on the Maker governance system that allowed multiple polls to be conducted simultaneously, security audits, a bug bounty program in collaboration with HackerOne, and a lot of progress towards multi-collateral DAI. Seven new collateral types have been put up for a first round of voting: Augur (REP), Basic Attention Token (BAT), DigixDAO (DGD), Ether (ETH), Golem (GNT), OmiseGo (OMG) and 0x (ZRX)

The rest of 2019, and going forward into 2020, will see a vote to finalize all the changes that would allow multi-collateral DAI, voting on oracle providers, a rebranding and a presentation of general risk proposal model to the community for review, and much more.


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13 Aug 2019 1 minute read Danoskie $0.01 tipped

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Earn While You Learn In Coinbase

28 Jul 2019 1 minute read Danoskie $0.11 tipped

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12 Jul 2019 1 minute read Emad $0.01 tipped

I applied for a withdraw on DAI couple of days ago just to see how it works, as the first withdrawal. and I still get this pending payment message. My eth wallet address is on my Ledger Nano S and is working and active. any idea why this took so long...

DAI exchange. Prices to USD, BTC, ETH: June 15, 2019, 17 h. UTC

15 Jun 2019 1 minute read GoldenRain $0.00 tipped

EXMO cryptocurrency exchange >>> 💵 Have 5 trading pairs with DAI:  DAI / USD,  DAI / BTC,  DAI / RUB,  MKR / DAI,  DAI / ETH.  ⚖ Prices at the time of June 15, 2019, 17 h. UTC:   💶 Welcome to EXMO exchange >>> The minimum amount to...

DAI exchange. Prices to USD, BTC, ETH: June 14, 2019, 17 h. UTC

14 Jun 2019 1 minute read GoldenRain $0.01 tipped

EXMO cryptocurrency exchange >>> 💵 Have 5 trading pairs with DAI:  DAI / USD,  DAI / BTC,  DAI / RUB,  MKR / DAI,  DAI / ETH.  ⚖ Prices at the time of June 14, 2019, 17 h. UTC: 💶 Welcome to EXMO exchange >>> The minimum amount to de...

DAI exchange. Prices to USD, BTC, ETH: June 13, 2019, 17 h. UTC

13 Jun 2019 1 minute read GoldenRain $0.02 tipped

EXMO cryptocurrency exchange >>>💵 Have 5 trading pairs with DAI: DAI / USD, DAI / BTC, DAI / RUB, MKR / DAI, DAI / ETH.  ⚖ Prices at the time of June 13, 2019, 17 h. UTC:  💶 Welcome to EXMO exchange >>>The minimum amount to deposit = 3 DAI...

DAI exchange. Prices to USD, BTC, ETH: June 12, 2019, 18 h. UTC

12 Jun 2019 1 minute read GoldenRain $0.00 tipped

EXMO cryptocurrency exchange >>>💵 Have trading pairs with DAI: DAI / USD, DAI / BTC, DAI / RUB, MKR / DAI, DAI / ETH.  ⚖ Prices at the time of June 12, 2019, 18 h. UTC:    💶 Welcome to EXMO exchange >>>The minimum amount to deposit = 3 DAI...

Coinbase Earn add DAI + Axie Infinity x MakerDAO Promotion

10 Jun 2019 2 minute read 0xMaki $0.06 tipped

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Publish0x paying out in DAI Stablecoin

3 Jun 2019 1 minute read CryptoFallen $0.01 tipped

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