PROJECT DAI is a stablecoin cryptocurrency whose value is pegged to the US dollar, running on the Ethereum blockchain. It aims to maintain a stable 1:1 value ratio with the USD, using smart contracts for its stability mechanism. DAI stands out for its decentralization and resistance to volatility, making it a reliable medium of exchange and value storage.

TEAM Developed by MakerDAO, DAI is part of a larger ecosystem focused on decentralized finance. MakerDAO is a decentralized autonomous organization that governs the Maker Protocol, which manages the issuance of DAI. This organization comprises a global community of developers, finance professionals and enthusiasts working collaboratively.

USECASES DAI’s stability and Ethereum-based foundation make it versatile for everyday transactions, savings, and decentralized finance (DeFi) applications. It’s used in lending platforms, as a stable trading pair in exchanges, and for payments, offering an alternative to the volatility of traditional cryptocurrencies while benefiting from blockchain technology’s security and transparency.

MARKETCAP 5.3 BILLION

IN SPHERE 5 DAI (DONATION BY PATREONS)

WEBSITE https://makerdao.com