1. Project Introduction.
DAI is an Ethereum-based stablecoin (stable-price cryptocurrency) whose issuance and development is managed by the Maker Protocol and the MakerDAO decentralized autonomous organization.
The price of DAI is soft-pegged to the U.S. dollar and is collateralized by a mix of other cryptocurrencies that are deposited into smart-contract vaults every time new DAI is minted.
It is important to differentiate between Multi-Collateral DAI and Single-Collateral DAI (SAI), an earlier version of the token that could only be collateralized by a single cryptocurrency; SAI also doesn’t support the DAI Savings Rate, which allows users to earn savings by holding DAI tokens.
- Coin Info
- Token Name: Dai
- Token Symbol: DAI
- Token Type: ERC20
- Total Supply: 9,189,304,974 DAI
- Circulating Supply: 9,189,304,974 DAI
- Useful Links
- Official Website: https://makerdao.com/en/
- Explorer: https://etherscan.io/token/0x6b175474e89094c44da98b954eedeac495271d0f
- Whitepaper: https://makerdao.com/en/whitepaper/
- Twitter: https://twitter.com/MakerDAO
- Telegram: https://t.me/makerdaoOfficial
