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Dai (DAI)

Stablecoin that should stay at the value of 1 USD

#37

Marketcap Ranking

1.010910 (-0.3%) arrow_drop_down

Market Price (24h change)

381,007,081

Total Market Cap

3.5

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info_outline What is Dai

4.2

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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..

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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 ...

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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: 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 15,336 Subscribers
directions_run 381 Active Users
create 7 Daily Posts
speaker_notes 28 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 51,440 Followers
08.07.2020
17:24		 An Executive Vote has been added to: ⬆️Increase the WBTC-A Debt Ceiling from 40 million to 80 million. ⬇️Decrease the ETH lump parameter from 500 ETH to 100 ETH. Read more: https://t.co/h6D9Ffrkgq MKR holders can vote at https://t.co/g9vSgxm089 #VoteOrDAI 41 favorite
08.06.2020
16:55		 The July Governance Review is live. Get caught up on all of the voting, polls, discussions, and more here: https://t.co/QoUpkRu6fs 31 favorite
08.06.2020
16:30		 Join us tomorrow to talk UX and design! https://t.co/rizbf2bimm 10 favorite
08.05.2020
23:03		 And it's live! Check them out 👇 https://t.co/Ol0O6whqal 20 favorite
08.05.2020
22:35		 Less than an hour until the first drop! 🐻🧸 https://t.co/dRUfp8qxbO 16 favorite
08.05.2020
20:55		 A list of 10 top #Crypto & #DeFi influencers on Twitter https://t.co/wgXqbdA7Ep Cc @VitalikButerin @brian_armstrong @aantonop @tylerwinklevoss @winklevoss @ljxie @laurashin @CamiRusso @cburniske @RyanSAdams 126 favorite
07.31.2020
18:58		 Win a limited edition (1 of 10!) NFT artwork from @IamOliveAllen just by retweeting and commenting on this tweet. Winner will be announced Aug. 5th! And remember to check out the rest of her work on @opensea kicking off on Aug 5th as well 🐻 #DeFiNFT https://t.co/mSMjD2o5FD 86 favorite
07.31.2020
17:27		 The latest Making Maker is out! Get up to speed on everything that happened in July, including integrations, governance votes, event recaps, and more: https://t.co/VYmoEYH1vA 31 favorite
07.31.2020
16:05		 An executive vote has been added to: ⬇️Reduce the Base Rate 🔮Whitelist DyDx on ETHUSD Oracle MKR holders can vote at https://t.co/g9vSgxm089 More info and details about a reduced base rate here: https://t.co/Xy7jBvWpsF #VoteOrDAI cc @dydxprotocol 15 favorite
07.30.2020
20:31		 The spell has been cast. 🔮 New debt ceilings below! Global Debt Ceiling of 568M 👏 https://t.co/QEVXrm168x 65 favorite
linkOpen Twitter

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

3.8

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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 286 Stars
remove_red_eye 33 Watchers
usb 116 Forks
sync_problem 13 Open Issues
border_color 0.13 % Comment Coverage
lock_open GNU Affero G License
linkOpen Github

attach_money Dai Price Analysis

4.0

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Dai Price Prediction

$ 1.017848 (0.84%) arrow_drop_up

Predicted USD Market Price in 24h by Coinpaper

$ 0.999197 (-1.01%) 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

- -


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

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          # Exchange Pair Price 24h Volume Trusted
          # 1 Coinbase Pro DAI/USD $ 1.017051 $ 2,850,047 check
          # 2 Coinbase Pro DAI/ETH $ 1.016397 $ 638,562 check
          # 3 Kraken DAI/USD $ 1.016150 $ 254,091 check
          # 4 Coinbase Pro DAI/USDC $ 1.021678 $ 195,501 check
          # 5 Kraken DAI/ETH $ 1.014785 $ 137,412 check
          # 6 Kraken DAI/EUR $ 1.016223 $ 133,724 check
          # 7 Bittrex DAI/BTC $ 1.021968 $ 83,410 check
          # 8 Bittrex DAI/USDT $ 1.014140 $ 40,410 check
          # 9 Kraken DAI/BTC $ 1.014746 $ 40,075 check
          # 10 Kraken DAI/USDT $ 1.018375 $ 39,700 check

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