Dai is the largest decentralized stablecoin on the Ethereum network, issued and managed by the MakerDAO project. It serves as the infrastructure for decentralized finance (DeFi). Dai maintains a 1:1 peg to the US dollar and is built upon the Maker Protocol, also known as the Multi-Collateral Dai (MCD) system. The Maker Protocol allows users to deposit approved collateral assets into the protocol, approved by "Maker Governance," in order to generate new Dai. Dai is a decentralized and collateral-backed cryptocurrency that is unbiased and pegged to the US dollar. The goal of Dai is to offer a decentralized, transparent, and stable digital asset that enables users to store and transact with stable value in the cryptocurrency space.
The Maker DAO is a Decentralized Autonomous Organization (DAO) founded in 2014. Dai was issued by the Maker DAO on September 19, 2017 and currently has a total supply of over $5 billion.
Due to the high volatility of the cryptocurrency market, a single collateral can easily lead to large-scale liquidation. MakerDAO introduced some RWA assets as collateral for Dai, and the total value of RWA as collateral currently exceeds 2.80 billion US dollars. In the Endgame plan proposed by the co-founders of MakerDAO in May 2022, RWA was also introduced as a transition. This plan aims to achieve a higher level of decentralization and resistance to external risks in Makerdao.
Above are only for introduction, not intended as investment advice.
Explore the tokenomics of Dai (DAI) and review the project details below.
What is the allocation for Dai (DAI)?
DAI does not have an initial allocation.
What is the supply schedule for Dai (DAI)?
DAI is an algorithmic stablecoin that is collateralized by other cryptocurrencies. It maintains its peg to the US dollar through a system of smart contracts which automatically adjust the total supply of DAI to keep its price stable. When the price of DAI is above $1, the system encourages the creation of more DAI to bring the price down, which is done by decreasing the stability fee (interest rate) for creating DAI. Conversely, when the price of DAI is below $1, the system discourages the creation of more DAI to push the price up, which is done by increasing the stability fee.
Therefore, the supply of DAI is not predetermined but is constantly changing in response to market conditions. You can find the latest amount on https://makerburn.com/#/charts
Dai is the largest decentralized stablecoin on the Ethereum network, issued and managed by the MakerDAO project. It serves as the infrastructure for decentralized finance (DeFi). Dai maintains a 1:1 peg to the US dollar and is built upon the Maker Protocol, also known as the Multi-Collateral Dai (MCD) system. The Maker Protocol allows users to deposit approved collateral assets into the protocol, approved by "Maker Governance," in order to generate new Dai. Dai is a decentralized and collateral-backed cryptocurrency that is unbiased and pegged to the US dollar. The goal of Dai is to offer a decentralized, transparent, and stable digital asset that enables users to store and transact with stable value in the cryptocurrency space.
The Maker DAO is a Decentralized Autonomous Organization (DAO) founded in 2014. Dai was issued by the Maker DAO on September 19, 2017 and currently has a total supply of over $5 billion.
Due to the high volatility of the cryptocurrency market, a single collateral can easily lead to large-scale liquidation. MakerDAO introduced some RWA assets as collateral for Dai, and the total value of RWA as collateral currently exceeds 2.80 billion US dollars. In the Endgame plan proposed by the co-founders of MakerDAO in May 2022, RWA was also introduced as a transition. This plan aims to achieve a higher level of decentralization and resistance to external risks in Makerdao.
Above are only for introduction, not intended as investment advice.