what is Dai

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what is Dai

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Cassidy · Answer 1 · 2024-03-17T14:27:42+0000

Dai is a stablecoin cryptocurrency that aims to maintain a value of one United States dollar. It is created on the Ethereum blockchain and is governed by the MakerDAO system. Dai is designed to provide stability in a volatile cryptocurrency market by being collateralized by other cryptocurrencies, such as Ether.

Muzzammil56 · Answer 2 · 2024-03-20T12:51:13+0000

Dai is a stablecoin cryptocurrency whose value is pegged to the US dollar through a system of smart contracts on the Ethereum blockchain. It was created by the MakerDAO project and is designed to maintain a stable value and be used for transactions and as a store of value.

what is Dai

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