Dai (DAI)

The Live Price of Dai (DAI) Today

Dai (DAI) is a decentralized stablecoin and a type of cryptocurrency that runs on the Ethereum blockchain. It is the world’s first decentralized, collateral-backed cryptocurrency, that aims to maintain a price of 1 U.S. dollar per 1 DAI. Unlike centralized stablecoins, Dai is not backed by US dollars in a bank account, but by a mix of other cryptocurrencies that are deposited into smart-contract vaults. Dai is issued and managed by the MakerDAO Protocol and the MakerDAO decentralized autonomous organization, which are governed by the holders of the Maker (MKR) governance token. Dai is designed to be a stable and reliable medium of exchange that can be used for various purposes, such as payments, savings, lending, and trading. In this article, we’ll explore what is Dai cryptocurrency, how to buy Dai cryptocurrency, how does Dai cryptocurrency work, Dai cryptocurrency review, recent developments in Dai crypto, Dai cryptocurrency price prediction, and more.