Live Dai price
Dai price chart
Dai (DAI) price details
Dai price history
Download dataDownload dataDai technical analysis
Dai (DAI) sentiment
About Dai
Dai (DAI) Introduction
Dai (DAI) is a stable-price cryptocurrency (stablecoin) deployed on the Ethereum blockchain. It is known for its robust mechanism for maintaining price stability through over-collateralization. Managed by the Maker Protocol and MakerDAO, a decentralized autonomous organization (DAO), DAI is designed to maintain its value close to one U.S. dollar. This makes it an appealing choice for traders seeking more predictable value amidst volatile crypto markets.
How Does Dai Crypto Work?
Dai operates as a stablecoin through a system of smart contracts on the Ethereum blockchain. Users deposit collateral, such as Ethereum (ETH) or other cryptocurrencies, into Maker Vaults, smart contracts that mint new Dai tokens based on the collateral amount. The system manages the Dai's US dollar peg by requiring that the collateral is always worth more than the Dai in circulation. This mechanism ensures that the value of DAI stays near one U.S. dollar.
Unlike algorithmic stablecoins, DAI's over-collateralized nature has proven resilient during market volatility. The Maker Protocol dynamically adjusts the level of collateral required to support the peg, demonstrating robust risk management with an emphasis on stability.
How Do You Buy Dai (DAI)?
To buy Dai (DAI), the first step is to register on WEEX and create an account. If you already have an account, simply log in on WEEX. Then, navigate to the DAI/USDT trading pair on WEEX to facilitate your purchase. Our platform offers an intuitive interface and advanced trading tools to help you buy and trade DAI efficiently.
Official links
WebsiteSocial media and community
X(Twitter)FAQ
1. What is the current price of Dai (DAI) in USD?
2. What is the market capitalization of Dai (DAI)?
3. What is the circulating supply of Dai (DAI)?
4. What factors influence the price of Dai (DAI)?
5. Is Dai (DAI) a good investment?
6. Where can I buy Dai (DAI)?
7. What are the typical fees when buying Dai (DAI)?
8. What are some technical indicators used for analyzing Dai (DAI)?
Currency price converter
Popular
Global prices
How to buy
Dai news
Pantera Capital Partner: How Tokenization is Restructuring the Private Equity and Early Investment Ecosystem?
Top tech companies are going public later and later, leaving retail investors shut out during the high growth period. Can tokenization give ordinary people back this entry ticket?
New York Proposes Stricter Stablecoin Issuer Rules Aligned With Federal GENIUS Act
NYDFS proposed stricter stablecoin issuer rules aligned with the GENIUS Act, covering reserves, custody, redemption timelines, audits, and capital buffers.
Every exchange is a "Universal Exchange."
You initially build infrastructure for something, then realize it can also be used for many other things, and then you continuously expand the business to accommodate everything that the infrastructure can support.
The counterattack of traditional finance: Alliance chains are quietly reviving
Whether public chains win or consortium chains win has never been the focus.
CryptoQuant Says Bitcoin Profitable Supply Is Near 45% Pressure Zone as On-Chain Data Points to Market Repricing
CryptoQuant said Bitcoin’s profitable supply is nearing the 45% pressure zone, signaling rising market stress, unrealized losses, and a possible on-chain repricing phase.
Bitcoin Falls Below 200-Week Moving Average as On-Chain Data Shows Over Half of Supply in Loss
Bitcoin dropped below its 200-week moving average as on-chain data showed over 50% of circulating supply is now in loss, signaling rising market stress.
View more
View more
