Read DAI News, Price Predictions, Opinion and Analyses Created By Users

Dai StableCoin (DAI)

289 Articles 56 Followers

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.


What Are Stablecoins

4 Jun 2020 3 minute read 5 comments CryptoSorted

What are Stablecoins and how are they different from other cryptocurrencies? One of the major criticisms of bitcoin and other cryptocurrencies (NOT Stablecoins) is that their price is extremely volatile. Most cryptocurrencies could see price fluctuat...

MakerDAO and Dai| Introduction and definitions

3 Jun 2020 3 minute read 0 comments NassiroV

Image Source Stablecoin Dai is what we call a stablecoin, that is to say a cryptocurrency whose principle is to guarantee a stable fiduciary value, often backed by traditional currency. This is not the only existing project: one could cite for examp...

🤑Wirex the debit card where YOU CAN USE your DAI🤑

3 Jun 2020 2 minute read 0 comments Crypto adict (Manu VZ)

Wirex is a London-based crypto debit card provider and is often seen in the wallets of many people involved in the industry. The firm offers more than 13 traditional and cryptocurrency accounts and has crypto-to-crypto, fiat-to-crypto and crypto-to-f...

The great advantages of acquiring DAI in devalued countries - the most relevant in DeFi, stablecoins and DAI

3 Jun 2020 8 minute read 0 comments Crypto adict (Manu VZ)

Crypto-backed stablecoins is that they are over-guaranteed. It means that for every Dollar in circulation of a stablecoin of this type, there is more than 1 Dollar that supports it. For example, DAI currently has $ 3.80 in support for each DAI in cir...

Why invest in stablecoins...DAI - Tether (USDT) - Paxos Standard (PAX)

1 Jun 2020 3 minute read 10 comments Argentum

A stablecoin is a cryptocurrency designed to keep its value stable and equal to that of a fiat currency, ranging from $ 0.99 to $ 1.01.If you have already entered the world of cryptocurrencies, you will surely have heard this term: Stable Coin (Stabl...

Crypto.com defi follow up.

31 May 2020 1 minute read 1 comment edexter

This is my follow up on the pros and cons of Crypto.com  I have had some cash in Crypto.com for almost 90 days now.   The interest on your deposit doesn't get added to your CD like 90 day deposit it gets added to your wallet.  Because you need a mini...

To maintain the current value of Maker in the future, several trillion DAI will be needed

31 May 2020 1 minute read 2 comments ...

Analysts at AlfaBlok have released a report claiming that the number of Dai stable stocks in annual turnover should increase by more than 70 percent so that MakerDAO (MKR) can maintain its $ 350 million market size. As of May 5, the release of Dai sh...

How to Buy Stablecoins in Canada

31 May 2020 2 minute read 2 comments cryptoforcanadians

If you're Canadian, then you know just how difficult it can be to find a solid crypto exchange in Canada. The exchanges in Canada all lack a lot of things or features that good exchanges have. Some of these include lots of volume, low trading fees, a...

Top 5 DAI Stablecoin News You Are Likely To Miss [DAI]

31 May 2020 1 minute read 1 comment SabineTheQueen

Hi little girls, little boys! The time has come, to shock of many to get back to stablecoins! My latest stablecoin article was about USDT - make sure to check it here! The dollar-equal coin I will try to talk about today is the DAI Stablecoin. CoinM...

The Publish0x Weekly Stats

31 May 2020 2 minute read 17 comments Bragato18

Today on twitter Dan Bainbridge @bigbirdvc tweeted his reply to @BraveSampson stating: .....and roughly 30% of our tips are in $BAT) :) mmm 30% seems a bit on the high side, last time I looked  Are BAT tips on Publish0x back? - An Open Discussion...