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A to Z Full Forms and Acronyms

What is Dai ? | All about Dai in short | Crypto Currency Dai

Jul 20, 2021 Dai, 996 Views
What is Dai ? | All about Dai in short | Crypto Currency Dai

What is Dai ? | All about Dai in short | Crypto Currency Dai

What is Dai?

Dai is a decentralized cryptocurrency that was built on Ethereum stabilized to the value of U.S. dollars. The asset is pegged 1:1 to dollars via what is known as the Maker (MKR) Dai Stablecoin System.

When was Dai invented ?

Dai and its associated smart contracts were officially launched on the main Ethereum network on December 18, 2017.

Importance of Dai?

The Dai is stablecoin which means that it offers stability in the volatile world of cryptocurrency. Dai is soft-pegged to the US Dollar and backed by a surplus of collateral locked in Maker Vaults. Dai allows users to store its value without abandoning the crypto space, when the market is highly volatile.

Future of Dai?

According to our forecasts, the Dai price is going to increase. Current price of Dai is $1.01000, but the average Dai price is expected to be $1.28000, by the end of 2021.

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Dai (cryptocurrency) - Wikipedia

A to Z Full Forms and Acronyms