Dai
DAI #26Project Safety Score: 85%
Updated 9 minutes agoDai 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.
Risk Report
Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.
Peg stability score 85 out of 100. The asset maintains a strong peg, with its current price being very close to $1 at $0.9997, reflecting a minor fluctuation of only 0.0003. This solid performance indicates that the stablecoin is effectively retaining its intended value. Additionally, with a market capitalization of over $4.4 billion, the project is positioned within the top tier of the market, providing a reassuring level of stability for investors.
The project has verified social accounts across multiple platforms including Discord, Reddit, Telegram, Twitter, and YouTube. While the follower counts for these accounts are not available, their existence contributes to a framework for community engagement and communication, which is essential for sustaining interest and transparency around the asset.
While Dai carries a strong score of 85.48, it is important to recognize the inherent risks associated with all crypto assets, including potential market volatility and regulatory challenges. Investors should conduct thorough research and remain cautious, even with well-established stablecoins like Dai.
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Prior: Co-founder of Try China, a language learning platform.Known for his work in decentralized finance and blockchain technology.
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The audit found no critical vulnerabilities in the MakerDAO smart contracts.
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phishing attack 2024-08-20 · $55400000A crypto whale lost approximately $55.4 million worth of Dai stablecoin due to a sophisticated phishing attack. ↗
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The Block · 2024-08-21
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CoinDesk · 2024-05-15
- ✓High liquidity depth with substantial 24-hour volume.
- ✓Comprehensive security audits by reputable firms.
- ✗No hard cap on total token supply.
Price Chart
Contract Security
0x6b175474e89094c44da98b954eedeac495271d0fOn-Chain Facts
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0x40ec5b33f54e0e8a3…17.02% -
0xf6e72db5454dd049d…9.23% -
0x250ba4e73a365cefd…3.53% -
0x4dedf26112b3ec8ec…2.23% -
0x018008bfb33d28524…1.08% -
0x837c20d568dfcd35e…0.78% -
0xf84213cda40246be0…0.73% -
0x07ede94cf6316f480…0.64% -
0x3d1c562ae42866cb2…0.63% -
0x3b5fb9d9da3546e9c…0.54%
Dai Exchanges
Top 20 by trust scoreView on Chain
Market Stats
Community Sentiment
Recent News
US Moves $4.56 Million of Seized FTX, Alameda Crypto to Coinbase, Including DAI
Dai to Host Community Call on May 13th
Ethereum Foundation Dumps 5,000 ETH for $11.1M DAI at $2,221 Avg Price
Exclusive: Bookit CEO Lin Dai on Crypto Rewards, Stablepoints and Mass Adoption
Coinbase faces lawsuit over frozen DAI tied to alleged theft
Stolen DAI Ends Up on Coinbase — Now It’s a Court Battle
Crypto Whale Sues Coinbase Alleging Exchange Refuses to Return Stolen Funds
Coinbase sued for witholding frozen crypto linked to $55M hack
Dai maintains stability near US$1 and reinforces its role as a stablecoin in the crypto market.
Defiance ETFs launches AMKL, a 2X leveraged daily ETF for Amkor Technology shares.
Posts from the MakerDAO
community on Reddit