Dai (DAI)

Stablecoin that should stay at the value of 1 USD

#35

Marketcap Ranking

1.007102 (0.74%) arrow_drop_up

Market Price (24h change)

2,926,191,988

Total Market Cap

3.1

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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

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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: 2022-03-17
Nameserver: GUY.NS.CLOUDFLARE.COM

build Dai Product Analysis

4.4

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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 23,094 Subscribers
directions_run 366 Active Users
create 3 Daily Posts
speaker_notes 1 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 124,742 Followers
03.19.2021
18:34
An executive vote has been added to the voting portal to: 📈Increase the ETH-A Maximum Debt Ceiling from 2.5 billion DAI to 15 billion DAI. 📈Increase the WBTC-A Maximum Debt Ceiling from 350 million DAI to 750 million DAI. More 👇 167 favorite
03.19.2021
16:37
Blockchain bridges enable interoperability between different networks, such as Bitcoin and Ethereum, and between a parent blockchain and its child (sidechain). Read more about why they're important for #DeFi: https://t.co/qcXbW5P89u 34 favorite
03.15.2021
17:05
A number of governance polls have been added to the voting portal. 🟢Community Greenlight polls for: SNX (Synthetix) sUSD (Synthetix USD) aAAVE (Aave AAVE) aWETH (Aave wETH) SolarX (Uprets/SolarX REIT) xSUSHI (Sushibar) More 👇 175 favorite
03.12.2021
17:30
An executive vote has been added to the voting portal to: 🪙Onboard ETH-C as a new collateral type (vaults would have different parameters than ETH-A and ETH-B) ↕️Stability Fee changes to multiple collateral types More 👇 28 favorite
03.12.2021
16:26
[INFOGRAPHIC] Explore a brief history of #DeFi. 🧠 A look at the history and amazing trajectory of decentralized finance (DeFi), and why many believe it’s important to the future of finance. Full blog + image download: https://t.co/rWsTE0RNOe https://t.co/PbQwPbCiHW 58 favorite
03.08.2021
17:41
Maker Foundation Board Chairperson @IPProfEvans discusses her passion for #DeFi and its potential to welcome minorities and offer financial inclusion for all: https://t.co/ZykbU0UzHI 43 favorite
03.05.2021
20:00
An executive vote has been added to the voting portal to: 🛠️Parameter Updates 🏘️Onboarding Real World Asset 001 (RWA-001) MKR holders can vote at https://t.co/g9vSgxm089 Read more about the proposal here: https://t.co/OJ5lvZiTiN 29 favorite
03.04.2021
17:54
Maker Improvement Proposals (MIPs) are how changes and additions to the Maker Protocol and the DAO are suggested to the governance community. A new MIPs Portal has been developed to help the community more easily keep up with developments. Read more: https://t.co/Ey2miTi9MF 27 favorite
03.03.2021
16:30
📅This Tuesday, March 9th @ 18:00! @bkiepuszewski from Maker will give his presentation "Blockchain Architect at Maker: Intro to Level 2 solutions" Sign up for the online meetup here: https://t.co/NVXA5xrdv4 31 favorite
03.02.2021
17:39
The latest Making Maker is live! Get up to speed on all things Maker that took place in February, including the most recent blogs, events, and governance updates. https://t.co/f1zjoEqujh https://t.co/HXZcAVh8W7 38 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

3.3

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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 345 Stars
remove_red_eye 31 Watchers
usb 143 Forks
sync_problem 9 Open Issues
border_color 4.3 % Comment Coverage
lock_open GNU Affero G License

attach_money Dai Price Analysis

3.2

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Dai Price Prediction

$ 0.996956 (-0.93%) arrow_drop_down

Predicted USD Market Price in 24h by Coinpaper

$ 0.995170 (-1.11%) 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 Binance DAI/USDT $ 1.001070 $ 8,271,867 check
# 2 Coinbase Pro DAI/USD $ 1.000933 $ 6,927,513 check
# 3 Binance DAI/ETH $ 1.000903 $ 5,083,135 check
# 4 Binance DAI/BTC $ 0.996701 $ 2,717,170 check
# 5 Binance DAI/BUSD $ 1.000464 $ 2,460,034 check
# 6 Coinbase Pro DAI/ETH $ 0.999665 $ 1,109,564 check
# 7 Kraken DAI/EUR $ 1.000931 $ 953,830 check
# 8 Coinbase Pro DAI/USDC $ 0.998705 $ 947,514 check
# 9 Kraken DAI/USD $ 1.000910 $ 643,180 check
# 10 Kraken DAI/USDT $ 1.000558 $ 414,579 check

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