Dai (DAI)

Stablecoin that should stay at the value of 1 USD

#30

Marketcap Ranking

1.003936 (0.45%) arrow_drop_up

Market Price (24h change)

1,408,095,504

Total Market Cap

3.4

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info_outline What is Dai

4.7

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Dai Short Description

Dai is a stablecoin

Maker Smart contract platform.

Enables stable coin smart contracts.

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Dai Explanation Video

Everything You Need to Know About DAI in 9 Minutes🔥 | Switcheo

The Maker Project’s DAI stablecoin has become the most popular cryptocurrency used for lending in decentralized Finance today. However, the borrowing mechanism and risks that the d ...

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Screenshot from Website

makerdao.comen/
Dai Websitemore_vert

Visit Webpage

Website Informationclose

Organization: Whois Privacy Service
Name: On behalf of makerdao.com owner
Country: US
City: Seattle
Zipcode: 98108-1226
Address: P.O. Box 81226
Mail: abuse@amazonaws.com
Creation date: 2015-03-17
Expiration date: 2021-03-17
Nameserver: GUY.NS.CLOUDFLARE.COM

build Dai Product Analysis

4.5

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Dai Whitepaper

Dai is a cryptocurrency that is price stabilized against the value of the U.S. Dollar. Dai is created by the Dai Stablecoin System, a decentralized platform that runs on the Ethereum blockchain.


The whitepaper of Dai is 21 Pages long.

The most influencial keywords are: Collateralized, Market, Price, Pricing, Debt, Risk, Platform, User, Governance, and Governments.

file_downloadOpen Whitepaper
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Dai Competitors

  • 1.) Tether

    Tether (USDT) is a cryptocurrency with reference to fiat currencies that is issued by Tether Limited Company. Using the technology of Blockchain, Tether allows the users to keep, send and receive digital tokens pegged to dollars, euros and yens*. *1USDT =/= 1USD - according to ToS (Terms-of-service) of Tether Limited Company - Tether tokens are not money, although they are backed by the currency used to purchase them at issuance.

  • 2.) TrueUSD

    TrueUSD claim to be a stablecoin that you can redeem 1-for-1 for US dollars.

  • 3.) Digix Gold Token

    Every DGX = 1 Gram of gold. You can own, save and transact Gold in tokenised form - keeping secure private ownership of your digital assets.

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Dai Product Analysis

Dai was founded back in December 2017. Its source code was released publicly on github on November 2017 under the GNU Affero General Public License v3.0 license.
Organization wise, Dais Development is Centralized and is being developed under the lead of Georgi Georgiev.

The consensus on which the Dai network is run is called Not mineable, while the underlying algorithm is called None.
In the current state of Dai currently is Working product

group Dai Community Analysis

2.6

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Dai Communities & Events

The Maker Protocol, also known as the Multi-Collateral Dai system, allows users to generate Dai by leveraging collateral assets approved by “Maker Governance.” Maker Governance is the community organized and operated process of managing the various aspects of the Maker Protocol. Dai is a decentralized, unbiased, collateral-backed cryptocurrency soft-pegged to the US Dollar. Resistant to hyperinflation due to its low volatility, Dai offers economic freedom and opportunity to anyone, anywhere.

view_list r/makerDAO Subreddit
person 19,320 Subscribers
directions_run 367 Active Users
create 6 Daily Posts
speaker_notes 30 Daily Comments
linkOpen Subreddit

view_list Telegram: Contact @MakerdaoMKR Channel
person Members
directions_run Online
linkOpen in Telegram

Official Twitter account for Dai

view_list @MakerDAO Channel
person 85,966 Followers
01.20.2021
22:48
Have you borrowed crypto in the past? Take this quick survey and help provide meaningful feedback to better the experience! There are swag and Dai prizes too! 👕🪙 https://t.co/DzTYCnteVj 46 favorite
01.20.2021
19:50
The crypto and #DeFi ecosystems are evolving at breakneck speed, but that means it can be tough for users to keep up and avoid making mistakes. Here are nine common missteps users make, including a few specific to the Maker Protocol & Dai: https://t.co/tk8rCoaXNr 24 favorite
01.19.2021
16:12
An urgent Executive Vote just passed to: 📈Increase ETH-A Debt Ceiling from 750M Dai to 1B Dai 📈Increase WBTC-A Debt Ceiling from 160M Dai to 210M Dai This increased the global debt ceiling by 310M Dai. See more at https://t.co/g9vSgxm089 68 favorite
01.18.2021
17:28
A series of 21 (!) new Governance Polls have been added to the voting portal to signal support for/against the following 📈Debt Ceiling increases: LINK-A from 10M to 20M MANA-A from 250K to 1M ETH-A from 750M to 1B WBTC-A from 160M to 210M 64 favorite
01.15.2021
21:11
An Executive Vote has been added to the voting portal to: 📝Whitelist @SetProtocol on Multiple Oracles ↕️Stability Fee Changes 📝Whitelist @gnosisPM on Multiple Oracles 🛠️Adjust FLAP Auction Parameters 📈Increase System Surplus Buffer from 4M to 10M More 👇 58 favorite
01.11.2021
17:10
A Governance Poll has been added to the voting portal to signal support for/against the following inclusion polls: 🛠️CropJoin - Farmable cUSDC Adaptor (MIP30) 👷‍♂️Onboarding Sébastien Derivaux to the Risk Domain (MIP7c3-SP5) More 👇 34 favorite
01.08.2021
23:20
Join Maker devs next Tuesday for the @0xPoland meet-up focused on building a thriving Ethereum community! Check out the details below: https://t.co/CJkZtXU3TN 32 favorite
01.08.2021
16:38
Congratulations to the winners of the @zed_run Naming Competition! Some great Maker & Dai-themed names here 🤣🏇 https://t.co/rICAm1IkL0 17 favorite
01.04.2021
23:30
An executive vote has been added to the voting portal to: 📈Increase ETH-A Debt Ceiling 📈Increase USDC-A Debt Ceiling MKR holders can vote at https://t.co/g9vSgxm089 More: https://t.co/lGouEvc9mR 39 favorite
12.18.2020
20:47
An executive vote has been added to the voting portal to: 🪙Onboard $Aave (@AaveAave) as a new Collateral Type 🪙Onboard UNI-V2-DAI-ETH (@UniswapProtocol V2 DAI-ETH LP Token) as a new Collateral Type More 👇 107 favorite

There are no events for Dai in the next 3 Months

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Dai Google Trends


The Google Trends chart displays the search interest on google in Dai relative to its peak over the last year. A rising chart shows growing interest int he project.

code Dai Development Analysis

3.7

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Dai Github Analysis

Code Updates (Commits)


Every change to the codebase of Dai is registered as a commit. More active projects have many commits, dead projects nearly none.

Code line changes (+/-)


Extending a project results in many new lines of code. Changing existing code results in nearly the same amount of additions and deletions. Projects that are growing show a large number of code additions with relatively few deletions.

Programming languages

Repository Numbers

star 326 Stars
remove_red_eye 30 Watchers
usb 137 Forks
sync_problem 10 Open Issues
border_color 4.25 % Comment Coverage
lock_open GNU Affero G License

attach_money Dai Price Analysis

3.9

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Dai Price Prediction

$ 0.999398 (-0.26%) arrow_drop_down

Predicted USD Market Price in 24h by Coinpaper

$ 0.996623 (-0.53%) arrow_drop_down

Predicted USD Market Price in 14d by Coinpaper

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Converter DAI - USD

Convert between DAI and USD with the live Dai prices, aggregated from all big exchanges that trade Dai.


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Market insights

Volume from exchanges is considered untrusted if the exchange has little reputation and no License but reports suspiciously high trading volume in particular coins.

account_circle Dai Team Analysis

4.8

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Dai Team

Dai Team Leader

Dai Team Members (36)

launch

Georgi Georgiev

Developer

launch

David Currin

Product architect

launch

Matt Richards

President

launch

Nikolai Mushegian

Chief scientist (nchain)

launch

Soren Peter Nielsen

Head of product

launch

Greg Diprisco

Business development lead

launch

Coulter Mulligan

Head of marketing

launch

Jacek Czarnecki

General counsel

launch

Chris Padovano

Company counsel

launch

James Reidy

Sysadmin and liquidity developer

compare_arrows Dai Exchanges

Dai Markets

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# Exchange Pair Price 24h Volume Trusted
# 1 Coinbase Pro DAI/USD $ 1.000516 $ 26,739,647 check
# 2 Binance DAI/USDT $ 1.002262 $ 22,844,132 check
# 3 Binance DAI/BTC $ 1.001219 $ 20,154,779 check
# 4 Coinbase Pro DAI/ETH $ 0.998467 $ 10,185,370 check
# 5 Binance DAI/BUSD $ 1.001628 $ 7,980,197 check
# 6 Kraken DAI/USD $ 1.000860 $ 3,350,862 check
# 7 Coinbase Pro DAI/USDC $ 1.001156 $ 2,454,914 check
# 8 Kraken DAI/BTC $ 1.002127 $ 1,112,547 check
# 9 Kraken DAI/ETH $ 1.004672 $ 1,094,511 check
# 10 Kraken DAI/EUR $ 1.003388 $ 626,694 check

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