Dai (DAI)

Stablecoin that should stay at the value of 1 USD

#26

Marketcap Ranking

0.997734 (-0.15%) arrow_drop_down

Market Price (24h change)

935,642,235

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

4.6

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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

2.8

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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 17,330 Subscribers
directions_run 154 Active Users
create 4 Daily Posts
speaker_notes 9 Daily Comments
linkOpen Subreddit

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

Official Twitter account for Dai

view_list @MakerDAO Channel
person 69,636 Followers
10.28.2020
16:42
Huge drop from @withFND! Some sweet NFTs are up for grabs, and you can use $Dai to make them yours: https://t.co/Om0KNrjgVs 18 favorite
10.27.2020
16:43
Congrats to @bprotocoleth on their launch! Another great option for Maker Vault management. Check out the details below: https://t.co/W6Dx6gf9c0 24 favorite
10.26.2020
17:24
Multiple Governance Polls have been added. Voters are now able to signal their support to: 🟢Add GUSD (@Gemini) as a collateral type 🟢Add PAXG (@PaxosGlobal) as a collateral type MKR holders can signal their support at https://t.co/g9vSgxm089 More: https://t.co/2BCl0os9km 30 favorite
10.23.2020
17:30
Dai is used all over the world. Some of the top use cases include: Inflation protection DeFi products & services Gaming Digital Art E-commerce Read about each one in detail: https://t.co/ZjsKjVbGn7 39 favorite
10.23.2020
15:45
An Executive Vote has been added to: 📈Increase the surplus buffer from 2M to 4M 🔮Whitelist B.Protocol on the ETHUSD Oracles (Medianizer + OSM) More info can be found here: https://t.co/6deJrBTBOO MKR holders can vote at the NEW voting portal here: https://t.co/g9vSgxm089 16 favorite
10.22.2020
22:35
.@SomniumSpace has big plans for VR and we're thrilled to be a part of them! Check it out: https://t.co/rxjlyJUnRx 28 favorite
10.21.2020
21:01
Did you know Maker has weekly informal Governance Q&A sessions anyone can join to understand more about how Governance works? If you have any questions, this is the place to ask them and learn: https://t.co/CNSoC3EG7q 32 favorite
10.20.2020
18:51
Excited to announce the new Maker Voting Portal! 🗳️ Completely redesigned with a focus on ease-of-use, it includes a TON of changes: 📄A new landing page with a quick overview of what actions are available to take right now, system stats, and highlighted recent votes. https://t.co/gMxWvhGTJr 86 favorite
10.19.2020
17:11
Multiple Governance Polls have been added. Voters are now able to signal their support to/for: A series of Greenlight Polls for potential collateral types: 🟢UNI-V2-USDT-ETH (Uniswap USDT-WETH Liquidity Tokens) 🟢aUSDC (Aave USDC) 🟢CRO (https://t.co/6hvYFQ5FSl Coin) More 👇 44 favorite
10.19.2020
16:30
FriDAI Brunch #6 is going to be a good one! It will focus on inclusion and diversity while sharing learnings, advice, and encouragement from some of our friends in the space. Sign up here: https://t.co/GI55MYkVzd 10 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 299 Stars
remove_red_eye 33 Watchers
usb 128 Forks
sync_problem 11 Open Issues
border_color 4.21 % Comment Coverage
lock_open GNU Affero G License

attach_money Dai Price Analysis

2.6

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Dai Price Prediction

$ 0.987226 (-1.57%) arrow_drop_down

Predicted USD Market Price in 24h by Coinpaper

$ 0.984157 (-1.88%) 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 $ 1.008814 $ 1,284,477 check
# 2 Kraken DAI/EUR $ 1.007781 $ 172,863 check
# 3 Coinbase Pro DAI/ETH $ 1.010128 $ 170,596 check
# 4 Kraken DAI/USDT $ 1.010384 $ 86,158 check
# 5 Coinbase Pro DAI/USDC $ 1.009284 $ 81,054 check
# 6 Bitfinex DAI/USD $ 1.008800 $ 74,001 check
# 7 Kraken DAI/USD $ 1.009530 $ 57,398 check
# 8 Kraken DAI/BTC $ 0.998150 $ 45,646 check
# 9 Gemini DAI/USD $ 1.010650 $ 41,479 check
# 10 Bittrex DAI/BTC $ 1.003166 $ 34,499 check

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