Dai
DAI
Dai Feed: Events, News & Roadmap
Dai to Participate in Devcon in Bangkok on November 10th
Dai will be featured at the Devcon conference in Bangkok from November 11th to 13th.
Dai to Host Meetup in Singapore on September 18th
Dai will host a meetup in Singapore on the 18th of September.
Dai to Release Protocol Update on March 10th
Dai will make several changes in the Maker Protocol. The implementation will be on March 10th at 19:55 UTC. The changes include adjustments to the Sta…
Dai to Be Listed on BitFlyer on February 19th
BitFlyer will list Dai (DAI) on February 19th.
Dai to Extend Credit Line for Spark on January 14th
Dai has announced a new credit line extension for Spark. This follows a significant demand that utilized approximately 90% of the previous 400 million…
Dai to Be Listed on Bitbank on December 14th
Bitbank will list Dai (DAI) on December 14th.
DAI/BTC Trading Pair to Be Delisted From Bitfinex on November 23rd
Bitfinex will delist DAI/BTC trading pair from Bitfinex on November 23rd.
Dai to Participate in Korea Blockchain Week in Seoul on September 6th
Dai’s co-founder Rune Christensen will be revealing Maker’s Endgame during a panel at Impact, the main event of Korea Blockchain Week. The event is se…
Dai to Host Meetup in Seoul on September 3rd
Dai is set to embark on the next phase of its evolution with the SubDAO Genesis event. This significant event is scheduled to take place in Seoul on S…
Dai to Attend WebX 2023 in Tokyo on July 26th
On the second day of the conference, Dai’s cofounder will deliver a talk titled “The Secret to DAO Governance and Growth”. This talk is set to take pl…
DAI Peg Parameter Change
Submitted parameter changes are scheduled for deployment in 48 hours, on March 13th at 16:14 UTC.
Listing on CoinTiger
Listing on XT.COM
Listing on BitMart
Staking on Binance
Listing on Binance.US
Listing on Binance
Delisting From Crex24
Listing on Gemini
Listing on OKEx
Dai Events on the Chart
What is Dai?
MakerDAO is a key player in the Decentralized Finance (DeFi) sphere, featuring a stablecoin, DAI, which is collateralized by cryptocurrency and pegged to the US dollar. The project is managed by a Decentralized Autonomous Organization (DAO), a governance structure involving token holders in decision-making processes.
The operational mechanism of MakerDAO revolves around the use of Maker Vaults where users lock their cryptocurrency at a specific Liquidation Ratio, enabling them to generate DAI. Overcollateralization is utilized to mitigate risks associated with crypto’s price volatility. If the collateral“s value drops below the Liquidation Ratio, the collateral is liquidated to cover potential losses. Stability of DAI is ensured by the DAO”s regulation of the Stability Fee and DAI Savings Rate, effectively controlling the token’s supply and demand.
As a stablecoin, DAI offers the typical benefits of crypto assets such as worldwide transferability, utility in transactions, and functionality as a hedge against profit and loss fluctuations. Additionally, DAI can be leveraged or invested in a DAI Savings Rate contract for interest. Governance within the MakerDAO ecosystem is facilitated through the use of MKR tokens, allowing holders to participate in decision-making processes ranging from alterations in Stability Fee, DAI Savings Fee, to modifications in the team structure and smart contracts.