What is Dai?

Symbol: DAI · Market cap rank: #26

Short answer

Dai (DAI) is a cryptocurrency currently ranked #26 by market capitalisation. It is classified as Stablecoin.

Source: isthiscoinascam.com

Overview

Dai is a stablecoin developed by MakerDAO that is collateralized by multiple assets. It operates on the Ethereum blockchain and is designed to maintain a stable value relative to traditional currencies.

The implementation of Multi-collateral DAI (MCD) allows for various types of collateral to back the stablecoin, enhancing its flexibility and utility. The governance model involves participants who can influence decisions related to the protocol and its assets.

Launched: 2017

Headquarters: San Francisco, USA

Scam-risk analysis

Dai is rated AA on isthiscoinascam.com. Is Dai a scam?

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