Dai
Dai is a decentralized, crypto-collateralized stablecoin managed by the MakerDAO protocol. It maintains its dollar peg through smart contracts and overcollateralization using assets like ETH and USDC. Unlike fiat-backed stablecoins, Dai is governed by a decentralized community and offers censorship resistance. It is a key stablecoin in the DeFi ecosystem.
| Dai | |
|---|---|
| Symbol | DAI |
| Type | Crypto-backed |
| Collateralization Method | Overcollateralized Crypto |
| Pegged To | USD |
| Issuer | MakerDAO (Decentralized) |
| Blockchain Support | Ethereum, Polygon, Optimism |
| Market Cap Rank | 3 |
| Reserve Transparency | High (On-chain transparent) |
| Stability History | Highly Stable |
| Primary Use Cases | DeFi protocols, collateralization |
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