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MakerDAO is a decentralized governance community that runs the Maker Protocol, which makes it possible to generate Dai. Dai is one of the world’s major stablecoins and it tracks the US dollar as closely as possible through smart contracts on the Ethereum blockchain. According to the whitepaper, it allows anyone with Ethereum and a MetaMask wallet to lend themselves money in the form of Dai. You can also lock Dai in the Dai Savings Rate (DSR) smart contract to earn a variable rate of accrual while retaining control of your Dai. MKR token is the governance token of the Maker Protocol. As a holder of MKR, you can vote to change parameters in the smart contracts to ensure the stability of Dai. Unlike Dai, which is a stablecoin designed for payments and savings, MKR has a volatile price.
DAO Maker (DAO) is the 203rd largest cryptocurrency in the world by market cap, valued at $175,868,792. The current price of DAO Maker is $2.6226, which is 2.873% higher than yesterday. Prices have ranged between $2.6508 and $2.5521 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 23, 2022 07:05 UTC.
| Coin symbol | DAO |
|---|---|
| Coin Marketcap | AUD$175,868,792 |
| Total DAO supply | 277,524,000 |
| Circulating DAO | 94,536,000 |
| Current price | AUD$2.6226 |
| All time high | AUD$17.3148 |
Historical prices compared with the price of $2.6226.
| 1 hour | -1.05% |
|---|---|
| 24 hours | 2.87% |
| 7 days | -8.17% |
| 14 days | -32.68% |
| 30 days | -31.03% |
|---|---|
| 60 days | -15.08% |
| 200 days | -27.93% |
| 1 year | -40.68% |
Disclaimer: Cryptocurrencies, including DAO Maker, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of DAO 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 DAO Maker or any other cryptocurrency discussed.
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