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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1 Jul 2019 1 minute read Ed-california $1.11 tipped

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DAI exchange. Prices to USD, BTC, ETH: June 30, 2019, 13 h. UTC

30 Jun 2019 1 minute read GoldenRain $0.05 tipped

Today, DAI ranks № 90 in the top 1000 cryptocurrency rating.Trading volume $22 522 922 USD per 24 h. DAi statistics for all time: EXMO cryptocurrency exchange >>>   Have 5 trading pairs with DAI. ⚖ Prices at the time of June 30, 2019, 1...

DAI exchange. Prices to USD, BTC, ETH: June 29, 2019, 13 h. UTC

29 Jun 2019 1 minute read GoldenRain $0.07 tipped

Today, DAI ranks № 86 in the top 1000 cryptocurrency rating.Trading volume 24,174,132 USD  per 24 h. DAi statistics for all time: EXMO cryptocurrency exchange >>>   Have 5 trading pairs with DAI. ⚖ Prices at the time of June 29, 2019, 1...

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28 Jun 2019 1 minute read offgrid $0.11 tipped

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DAI exchange. Prices to USD, BTC, ETH: June 28, 2019, 13 h. UTC

28 Jun 2019 1 minute read GoldenRain $0.02 tipped

Today, DAI ranks № 87 in the top 1000 cryptocurrency rating.Trading volume   $26 208 709 USD   per 24 h. EXMO cryptocurrency exchange >>>  Have 5 trading pairs with DAI:  ⚖ Prices at the time of June 28, 2019, 13 h. UTC:*All the charts us...

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28 Jun 2019 10 minute read Roberto D. $0.03 tipped

In December 2017, the Maker company released their long awaited system for a decentralized "stablecoin", called Dai (DAI). A stablecoin, as the name suggests, is a currency whose value is (relatively) stable, therefore lacking the wide fluctuations t...

DAI exchange. Prices to USD, BTC, ETH: June 27, 2019, 13 h. UTC

27 Jun 2019 1 minute read GoldenRain $0.04 tipped

Today, DAI ranks № 87 in the top 1000 cryptocurrency rating.Trading volume  $27,130,831 USD  per 24 h. EXMO cryptocurrency exchange >>>  Have 5 trading pairs with DAI:  ⚖ Prices at the time of June 27, 2019, 13 h. UTC:*All the charts used...

Coinbase added (browse the stock market) stablecoin DAI

27 Jun 2019 1 minute read fulghum $0.06 tipped

The San Francisco-based Coinbase cryptocurrency exchange has listed stablecoin DAI, which is priced at USD. As of today, you can trade DAI on Coinbase and even change it for any other cryptocurrency from the stock exchange offer.   DAI is a decentral...

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DAI exchange. Prices to USD, BTC, ETH: June 26, 2019, 13 h. UTC

26 Jun 2019 1 minute read GoldenRain $0.07 tipped

Today, DAI ranks № 92 in the top 1000 cryptocurrency rating.Trading volume  $25,395,951 USD per 24 h. EXMO cryptocurrency exchange >>>  Have 5 trading pairs with DAI:  ⚖ Prices at the time of June 26, 2019, 13 h. UTC:*All the charts used...