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About Multi-collateral DAI

Dai is a decentralized cryptocurrency stabilized versus the value of the United States dollar. Created by means of the Makers (MKR) Dai Stablecoin System, it utilizes margin trading to respond to changing market conditions and maintain its value against the major world currencies. Unlike other popular stablecoins whose worth is backed straight by USD, it's backed by crypto collaterals that can be viewed openly on the Ethereum blockchain.

What Is DAI?

In other words, Dai is a decentralized stablecoin produced by MakerDAO (MKR). One Dai equates to one US dollar (1:1 ratio) and will constantly stay so till the token is secured of the flow.

Dai preserves steady value without central trust in a creative and intriguing method. It moves following market modifications and therefore keeps a steady price against other cryptocurrencies. The process is helped with by the Maker platform together with the MKR token, CDP clever contracts, and several other stabilization mechanisms. There is no requirement for a central authority that supervises fiat-collateralized stablecoins like Tether (USDT), nor any conventional bank backs it. The task lives entirely on the Ethereum blockchain and its smart agreements, and that makes Dai a really trustless and decentralized stablecoin which can not be shut down nor censored.

How Is Dai Developed?

As a crypto-collateralized stablecoin, Dai is collateralized with Ether. Any Ether holder can develop Dai utilizing MakerDAO DApp.

Initially, you need to send your Ether to a collateralized financial obligation position (CDP). In turn, you would get a part of Dai. A CDP is a smart contract which works on the blockchain and governs the issuance and redemption of Dai. After you receive Dai for your ETH, the only method to get your Ether back is to repay the obtained DAI.

The Collateralized Debt Position (CDP) is a monetary cryptocurrency principle that has been in advancement since 2014 by the MakerDAO task, which uses a possible option to the high volatility that cryptocurrency deals with today through the stablecoin called Dai.

More information can be found at http://www.makerdao.com/.

Who is supporting Multi-collateral DAI?

Kyber Network
Token Swap
Oasis
Lending
DAI Stats
Stats
Travala
Traveling
Nexo
Lending
Celsius Network
Lending

Exchanges accepting Multi-collateral DAI

Bitfinex
Centralized
HitBTC
Centralized
Kraken
Centralized
Coinbase Pro
Centralized
OKEx
Centralized
KuCoin
Centralized
Binance
Centralized
Exmo
Centralized

Multi-collateral DAI Latest transactions

Tops stories about Multi-collateral DAI

The Maker Protocol and Dai bring the fundamental benefits of transparency, security, and efficiency to users.

See who's using the Maker Protocol and Dai, and why:

https://blog.makerdao.com/who-uses-the-maker-protocol-and-dai-and-why/
RT @Trustee_Wallet: Trustee Wallet has integrated @MakerDAO's #Dai! https://t.co/LOQeqTyBAM
RT @unstoppableweb: Giveaway 🎉

We are giving away hodl.crypto + $7,000 in $ETH & $DAI!

Rules:
1. Download @CoinbaseWallet
2. Go to https…
RT @mariamagenes1: Another unmissable virtual appointment happening next week: @RealSahabia will moderate a girls-only discussion about #De…
Additional information about the polls can be found here:
https://blog.makerdao.com/governance-poll-august-10-2020/
👋Core Personnel Offboarding
⬆️Increase the Surplus Auction Buffer to 2 Million Dai
⏩Declaration of Intent - Forward Guidance
↔️Base Rate Adjustment between -8% to 0%
↔️Adjust the BAT Risk Premium from 0% to 4%

MKR holders can signal their support at http://vote.makerdao.com/polling
Multiple Governance Polls have been added.
Voters are now able to signal their support to/for:
🚰Liquidations 1.2 Upgrade
🔮Appoint @MyCrypto as Oracle Light Feed
↔️Adjust the Dust Parameter from 20 Dai to 100 Dai
🪙Loopring (LRC) Collateral Onboarding

More ⬇️
RT @LenklaH: #HR discussions in the #blockchain industry are lacking. Curious about which standards apply and what is different when sourci…
RT @cryptocom: Let’s talk #DeFi: Live Video AMA with @RuneKek CEO of @MakerDAO here on http://Crypto.com's Twitter, 14 August 10PM HK…
RT @IamOliveAllen: ⚡️My new 'Cruel Summer' Bear drop is SOLD OUT!! ⚡️

Congrats @MuseumofCrypto on adding these cute critters to your colle…