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Dai is collateral-backed money whose value is pegged to the US Dollar and kept stable through a framework of aligned financial incentives. The Dai token lives on the Ethereum blockchain; its stability is unmediated by any central party, and its solvency does not rely on any trusted counterparties. All circulating Dai are generated from Maker Vaults and are backed by a surplus of collateral assets. Dai is used in the same manner as any other cryptocurrency: It can be freely sent to others, used as payments for goods and services, be held as a hedge against market volatility, etc.

Recent News

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MakerDAO's DAI Stablecoin Breaks $1B Market Cap

Nov 11 · CoinDesk · “One billion Dai in circulation is a huge milestone and a powerful validation that people around the world want more access, more transparency and more opportunity to maximize their economic potential,” Rune Christensen, MakerDAO’s founder, told CoinDesk through a spokesperson.

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Hash Watch: Kraken Announces BCH Fork Plans, Bitcoin ABC Reveals Two-Pronged Effort

Nov 08 · Bitcoin News · Iran's New Crypto Law Requires Miners to Sell Bitcoin Directly to Central Bank to Fund Imports Iran has reportedly revised the country's cryptocurrency regulation to require licensed bitcoin miners to sell their coins directly to the central bank for use to fund imports.

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Yearnify Finance (YFY) Bringing Value To Decentralized Finance Ecosystem – Token Pre-Sale Is Live | Sponsored

Nov 07 · Bitcoin News · Yearnify Finance is a community-centered DeFi-project, modeled to take the successful features of Yearn Finance (YFI), and improve upon them, yearnify aims to bring the true value of yield farming finance accessible to all users, yearnify offers the most secure and simple way to earn reliable yields on your assets.

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Stablecoin Savings: Circle Launches High Yield USDC Accounts for Businesses

Nov 07 · Bitcoin News · Iran's New Crypto Law Requires Miners to Sell Bitcoin Directly to Central Bank to Fund Imports Iran has reportedly revised the country's cryptocurrency regulation to require licensed bitcoin miners to sell their coins directly to the central bank for use to fund imports.

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YearnSwap Is All Set to Introduce Its Decentralized Ecosystem | Press release

Oct 14 · Bitcoin News · LONDON, United Kingdom, — YearnSwap.org – Is all set to launch its Decentralized protocols (Lending, Yield Farming, Staking) for public access, YearnSwap aims to provide an Ecosystem with many prominent features available in the market today.