What is DAI?

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What is DAI?

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Kelvindhope · Answer 1 · 2024-06-09T17:52:56+0000

DAI is a stablecoin cryptocurrency that is pegged to the US dollar. It is issued on the Ethereum blockchain and is maintained and governed by the MakerDAO decentralized autonomous organization. DAI is designed to maintain a 1:1 peg with the US dollar through an algorithmic system of collateralized debt positions.

Muzzammil56 · Answer 2 · 2024-06-10T11:12:23+0000

DAI is a stablecoin cryptocurrency that aims to maintain a value of one U.S. dollar per token through an automated system of smart contracts on the Ethereum blockchain.

What is DAI?

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