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One of the key barriers to the widespread adoption of cryptocurrencies is their volatility. Bitcoin, Ethereum and other major digital currencies regularly experience substantial price fluctuations. To counter this, stablecoins – tokens pegged to the value of an underlying asset – were introduced.
MakerDAO is the company behind Maker, a smart contracts platform designed to back and stabilise the value of the Dai stablecoin.
DAI is a collateral-backed cryptocurrency designed to have a stable value relative to the US dollar. Anyone who has Ethereum assets can leverage them to generate Dai on the Maker platform through smart contracts known as Collateralised Debt Positions, or CDPs.
Dai (DAI) is the 15th largest cryptocurrency in the world by market cap, valued at $6,207,264,517. The current price of Dai is $1.4028, which is -0.033% lower than yesterday. Prices have ranged between $1.4084 and $1.3986336 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 27, 2022 05:05 UTC.
| Coin symbol | DAI |
|---|---|
| Coin Marketcap | AUD$6,207,264,517 |
| Total DAI supply | 6,194,448,283 |
| Circulating DAI | 6,194,448,283 |
| Current price | AUD$1.4028 |
| All time high | AUD$2.394 |
| All time high date | March 13, 2020 |
| Notable team members | Rune Christensen |
| Partnerships | Althea, Axie Infinity |
| Industry | Stablecoins |
| Token uses | Stablecoin |
| Network | Ethereum |
Historical prices compared with the price of $1.4028.
| 1 hour | 0.17% |
|---|---|
| 24 hours | -0.03% |
| 7 days | -0.05% |
| 14 days | 0.18% |
| 30 days | 0.17% |
|---|---|
| 60 days | 0.34% |
| 200 days | 0.30% |
| 1 year | 0.35% |
Disclaimer: Cryptocurrencies, including Dai, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of DAI is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Dai or any other cryptocurrency discussed.
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