Stablecoins Live Stats

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?

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

Exchanges accepting Multi-collateral DAI

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

Multi-collateral DAI Latest transactions

Tops stories about Multi-collateral DAI

RT @decryptmedia: To mark the addition of @MakerDAO’s stablecoin Dai to crypto exchange @kriptomat, the companies have partnered with @enji…
@kriptomat @enjin @ForgottenArtif @RealReewardio DAInerys Vaultborn, Burner of Volatility, Keeper of Collateral, Redeemer of blockchains, and Mother of HODLers, unfearing in the face of the immoral imposters. A worthy and well-fed companion, who, in times of despair, will fight to protect your righteously earned assets. https://t.co/11K5LdmhDg
And the lights have gone out... the @F1DeltaTime crate sale is now live and accepting #Dai! Get yours below 👇
#F1 https://twitter.com/F1DeltaTime/status/1232186189203038208
The final part of our 'Welcome to Crypto' series is finally live!

"How to Read Cryptocurrency Price Charts, and Why They Matter"

Have a look and make sure to share this series with those that want to learn!

https://blog.makerdao.com/how-to-read-cryptocurrency-price-charts-and-why-they-matter/
RT @TheEsscay: Hyper excited to be able to work with such sophisticated and forward-thinking projects: @MakerDAO @kriptomat

The gaming ex…
RT @vjacks21: This is an incredible showcase of interoperability!

What could have otherwise been akin to a coin listing, is now a full on…
Say hello to DAInarys Vaultborn, Burner of Volatility! Maker is super excited to partner with @kriptomat to bring a new NFT hero to your games.

Only 1000 will be minted so read more below to see how you can get yours!

cc @enjin, @ForgottenArtif, and @RealReewardio https://twitter.com/kriptomat/status/1232004486870315008
Debt Ceiling Adjustments:
📉Lower the Sai Debt Ceiling to 25 million Sai
📉Lower the Dai ETH Debt Ceiling 130 million Dai

1⃣Reduce frequency of DSR Spread Gov Polls to one per month

http://vote.makerdao.com

More info: https://blog.makerdao.com/governance-polls-february-24-2020/
Multiple Governance Polls have been added.
Voters are now able to signal their support for a:

↔️Dai Stability Fee within a range of: 4%-12%
🔒DSR Spread within a range of: 0%-4%
Note: This is the Spread, NOT the regular DSR %

↔️Sai Stability Fee within a range of: 5.5%-13.5%
RT @nanexcool: Spell has been cast! 🧙🧙‍♂️ @MakerDAO

9.5% SCD stability fee
8% DSR (zomg)
150 M Dai debt ceiling
2% spread on surplus aucti…