Coinpaper Logo Small
Coinpaper.io
menu

Dai (DAI)

Stablecoin that should stay at the value of 1 USD

#58

Marketcap Ranking

1.020857 (-0.1%) arrow_drop_down

Market Price (24h change)

87,108,730

Total Market Cap

3.4

-

info_outline What is Dai

4.2

help_outline

Dai Short Description

The​ ​Dai​ ​Stablecoin​ ​is​ ​a​ ​collateral-backed​ ​cryptocurrency​ ​whose​ ​value​ ​is​ ​stable​ ​relative​ ​to​ ​the US​ ​Dollar.​ ​We​ ​believe​ ​that​ ​stable​ ​digital​ ​assets​ ​like​ ​Dai​ ​Stablecoin​ ​are​ ​essential​ ​to​ ​realizing the​ ​full​ ​potential​ ​of​ ​blockchain​ ​technology.

Maker​ ​is​ ​a​ ​smart​ ​contract​ ​platform​ ​on​ ​Ethereum​ ​that​ ​backs​ ​and​ ​stabilizes​ ​the​ ​value​ ​of​ ​Dai through​ ​a​ ​dynamic​ ​system​ ​of​ ​Collateralized​ ​Debt​ ​Positions​ ​(CDPs),​ ​autonomous​ ​feedback mechanisms,​ ​and​ ​appropriately​ ​incentivized​ ​external​ ​actors.

Maker​ ​enables​ ​anyone​ ​to​ ​leverage​ ​their​ ​Ethereum​ ​assets​ ​to​ ​generate​ ​Dai​ ​on​ ​the​ ​Maker Platform.​ ​Once​ ​generated,​ ​Dai​ ​can​ ​be​ ​used​ ​in​ ​the​ ​same​ ​manner​ ​as​ ​any​ ​other cryptocurrency:​ ​it​ ​can​ ​be​ ​freely​ ​sent​ ​to​ ​others,​ ​used​ ​as​ ​payments​ ​for​ ​goods​ ​and​ ​services,​ ​or held​ ​as​ ​long​ ​term​ ​savings.​ ​Importantly,​ ​the​ ​generation​ ​of​ ​Dai​ ​also​ ​creates​ ​the​ ​components needed​ ​for​ ​a​ ​robust​ ​decentralized​ ​margin​ ​trading​ ​platform..

help_outline
play_arrow

Dai Explanation Video

Money MakerDao Machine. Don’t Miss This Opportunity!! CDP Loan Tutorial: Borrow Dai Stablecoin | Chico Crypto

The GAME CHANGING project known as MakerDAO is running full steam ahead and today I am bringing you a tutorial on how to participate in the system by ...

help_outline
Screenshot from Website

www.makerdao.com
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: registrar-abuse@amazon.com
Creation date: 2015-03-17
Expiration date: 2021-03-17
Nameserver: GUY.NS.CLOUDFLARE.COM

build Dai Product Analysis

4.3

help_outline

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
help_outline

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.

help_outline

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

3.0

help_outline

Dai Communities & Events

Learn more about Maker, chat with the team, and have your say in shaping the future of commerce on the blockchain.

view_list r/makerDAO Subreddit
person 11,963 Subscribers
directions_run 1,008 Active Users
create 8 Daily Posts
speaker_notes 87 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 41,055 Followers
04.01.2020
22:54		 The latest edition of Making Maker is live, detailing the recent market events, but also the recent gaming initiative, latest integrations, and event recaps: https://t.co/NaiOsX6hrr 20 favorite
04.01.2020
16:29		 A look at the coming months of governance, and what complete decentralization of the DAO means: https://t.co/1FvWpzhzHW If you're an MKR holder, read on and remember: it's a responsibility to vote and have your say! 53 favorite
04.01.2020
15:34		 REMINDER: There is currently a governance poll asking if the community should shut down Single-Collateral Dai (Sai) on April 24th. If you still hold Sai or a CDP and have not upgraded to Multi-Collateral Dai (or a CDP to Vault), you can do so here: https://t.co/PhcYlU9jb5 31 favorite
04.01.2020
01:16		 A look at the market collapse of March 12-13 and how it impacted MakerDAO, plus lessons learned and next steps: https://t.co/bh2y98iX0J 101 favorite
03.30.2020
16:36		 Multiple Governance Polls have been added. Voters are now able to signal their support for a: 🔓DSR Spread within a range of: 0%-4% ↔️Dai Stability Fee Adjustment: 0%-4.5% ↔️USDC Stability Fee adjustment: 12%-20% ↔️Sai Stability Fee adjustment: 3.5%-11.5% More ⬇️ 27 favorite
03.27.2020
16:11		 The Maker Foundation Interim Governance Facilitator has placed an Executive Vote proposal into the voting system to: ⬇️Lower the USDC Stability Fee from to 16% ⬇️Lower the Dai ETH Debt Ceiling to 90 million Dai More info: https://t.co/h2RbTDgYvf 24 favorite
03.27.2020
16:04		 The remaining MKR Debt Auctions are now live 🙋‍♂️ Users can participate or watch at https://t.co/IbQ6it5kkg 55 favorite
03.27.2020
15:13		 Oasis Trade has added WBTC, TUSD, PAX, and LINK. Head to https://t.co/K4SEL1KVW0 to get started đź’Ş More info: https://t.co/MmNN45nyZg 70 favorite
03.26.2020
20:36		 The Maker Foundation Interim Governance Facilitator has placed an Executive Vote proposal into the voting system to: 🔓Unblock the remaining Debt Auctions More info: https://t.co/5khSUiiWLJ 33 favorite
03.25.2020
15:23		 The transfer of MKR token control from the Foundation to the Maker Governance community is now complete! The MKR token is now 100% in control of MKR holders. Read more about the details and technical aspects of what this means: https://t.co/sW90wrYd7d #Decentralization 182 favorite
linkOpen Twitter

There are no events for Dai in the next 3 Months

help_outline

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

3.6

help_outline

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 270 Stars
remove_red_eye 33 Watchers
usb 106 Forks
sync_problem 12 Open Issues
border_color 0.13 % Comment Coverage
lock_open GNU Affero G License
linkOpen Github

attach_money Dai Price Analysis

3.7

help_outline

Dai Price Prediction

$ 1.021258 (-0.09%) arrow_drop_down

Predicted USD Market Price in 24h by Coinpaper

$ 1.006506 (-1.53%) arrow_drop_down

Predicted USD Market Price in 14d by Coinpaper

help_outline

Converter DAI - USD

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


help_outline

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

help_outline

Dai Team

Dai Lead

- -


supervisor_accountSocial Network Links

    Dai Team Members (36)

    Georgi Georgiev

    Developer

      David Currin

      Product architect

        launch

        Rune Christensen

        Ceo

        launch

        Andy Milenius

        Cto

        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

        James Reidy

        Sysadmin and liquidity developer

          compare_arrows Dai Exchanges

          Dai Markets

          help_outline
          # Exchange Pair Price 24h Volume Trusted
          # 1 Coinbase Pro DAI/USDC $ 1.020722 $ 2,352,428 check
          # 2 Coinbase Pro DAI/ETH $ 1.026361 $ 232,669 check
          # 3 Kraken DAI/USD $ 1.018490 $ 206,293 check
          # 4 Kraken DAI/EUR $ 1.013693 $ 146,015 check
          # 5 Kraken DAI/USDT $ 1.019808 $ 77,206 check
          # 6 Bitfinex DAI/USD $ 1.028300 $ 45,855 check
          # 7 Kraken DAI/ETH $ 1.021094 $ 35,540 check
          # 8 Kraken DAI/BTC $ 1.027013 $ 21,572 check
          # 9 Bittrex DAI/USDT $ 1.019377 $ 6,952 check
          # 10 Bittrex DAI/USD $ 1.034000 $ 1,932 check

          add
          help_outline

          Fast Scroll

          Jump to specific section