Dai is a stable coin, that is to say a cryptocurrency which has the principle of guaranteeing a stable fiduciary value, often backed by traditional currency. DAI was issued by the project Maker as a new stable coin based on the Ethereum blockchain. Dai has similar characteristics to standards stable coins, but its operation is significantly different. The balance is maintained through automatic pricing mechanisms built into smart contracts and by using collateralized dept positions, guardians and oracles.
This data was last updated 2020-10-22 08:45:09 UTC