What is Dai? (DAI crypto stablecoin)
What is Dai? Dai is a stablecoin which means it’s pegged to the value of a fiat currency, one Dai equals one dollar.
Dai is completely decentralized and its stability is sustained by smart contracts that balance the reserve requirements. Basically more or less collateral being put in or taken out of the system in order to maintain the Dai price.
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Want to learn more about DeFi products like DAI and Maker? Our comprehensive guide gives an in-depth look at this emerging industry:
For a quick read, our friend’s at DeCrypt have an article on DAI here:
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Information provided is for informational purposes only and should not be considered financial advice. Investing in crypto assets is speculative and carries a high degree of risk; you may lose some or all of the money that is invested. Past performance is not indicative of future results.