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.

DAI exchange. Prices to USD, BTC, ETH: June 22, 2019, 13 h. UTC

22 Jun 2019 1 minute read GoldenRain $0.12 tipped

EXMO cryptocurrency exchange >>> 💵 Have 5 trading pairs with DAI:  ⚖ Prices at the time of June 22, 2019, 13 h. UTC:                   DAI / USDBid: 0.99391257 USD / 1 DAIAsk: 1.00025999 USD / 1 DAIThe same chart DAi / USD with the addition of...

Dai is now on Coinbase Earn!

22 Jun 2019 1 minute read Optimist $0.54 tipped

A quick public service announcement - Dai is now available on Coinbase Earn! Dai needs little introduction as the most successful algorithmic stablecoin in the ‘Decentralised Finance’ space, with reams of detailed information online. Coinbase as well...

Publish0x for Beginners (Part II) Analyzing Daily Tips

20 Jun 2019 1 minute read BtcSapiens $0.28 tipped

In Publish0x we can earn crypto by sending tips (at no cost) to other users, this is possible because Publish0x distributes daily some cryptocurrencies to all users of the platform, and they can send a quantity to the content creators or writers of P...

Stablecoin: the currency for the economy of the future, but the road is still long

19 Jun 2019 8 minute read Roberto D. $1.10 tipped

The next generation of stablecoin, based on a balance between algorithmically managed supply and demand, aims to reinvent the global monetary system, but first it is necessary to wait for cryptocurrencies to reach maturity and see how they interact w...

DAI Stable Coin

13 Jun 2019 1 minute read gduran $0.09 tipped

I actually like getting DAI for my activity here on Publish0x, it is a stable coin so the price will always be ranging around the stated price, and I think I just like the thing. Now getting any amount of DAI here on Publish0x will take me some time...

DAI - A Solution for Uncertainity & Liquidity Demand - Technical Analysis?!

12 Jun 2019 1 minute read chrispop $5.70 tipped

I want to start off by defining a stablecoin. I don't want to bore you with the Wikipedia definition so a stablecoin is a cryptocurrency that has low volatility by being backed up with fiat currencies, different assets like gold, silver, etc.  Our su...

11th Publish0x Payout (4.27 DAI)

11 Jun 2019 1 minute read BtcSapiens $0.14 tipped

As every week, I would like to share with you the last payment received in Publish0x, it is the 11th received in this great platform, this time was the first of the last incorporated token (DAI), with which they are very happy. If you have any quest...

xDai and the Burner Wallet - demonstrating the power of blockchain

9 Jun 2019 2 minute read Optimist $4.14 tipped

Most people within the crypto space will have already heard about Dai and MakerDAO – and hopefully this will even soon extend beyond just the crypto space! However, despite this amazing achievement, the user experience can sometimes still leave more...

Maker promises to pass the barrier of $ 800 in a short time.

9 Jun 2019 4 minute read daniejjimenez $5.79 tipped

The crypto space has been in constant movement this June, the last of this Q2 2019, in which the market has managed to consolidate and Bitcoin the main reference has been able to maintain high supports that have given confidence to the market in gen...

Crypto Money Usage Increases in Venezuela

9 Jun 2019 1 minute read mazlumyk $0.09 tipped

Crypto Money Usage Increases in Venezuela   The President of the Latin American Cryptoeconomics Association says that the use of crypto currency in Venezuela has risen dramatically and Petro, the country's digital currency, plays an important role i...