Dai (DAI) - Instant Exchange on SnapSwap
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About Dai
Dai is a decentralized stablecoin soft-pegged to the US Dollar, managed by the MakerDAO protocol. Unlike centralized stablecoins, Dai is backed by crypto collateral locked in smart contracts (Maker Vaults). It maintains its peg through algorithmic mechanisms and over-collateralization. Dai is widely used in DeFi for lending, borrowing, and yield farming.
TickerDAI
ConsensusN/A (Token)
Launch Year2017
Max SupplyUnlimited (pegged)
Available NetworksERC-20
Websitemakerdao.com