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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.
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Dai news
User Loses Approximately $305,000 DAI in Address Poisoning Attack
Tether Freezes 218,022.97 USDT from Bitget Hacker Address
Superlogic Acquires Entravel's Crypto Business, Animoca Brands Becomes Strategic Investor
Data: Ethereum co-founder Joseph Lubin's associated address has staked over 410,000 ETH, and the health has risen to above 1.48
According to on-chain analyst @ai_9684xtpa, three addresses likely belonging to Ethereum co-founder Joseph Lubin have currently pledged 412,430 ETH, worth approximately $653 million, and borrowed 259 million DAI.Data shows that the health of the aforementioned positions briefly fell below 1.2 during...
Dai Li: The impact of war and oil has made policy paths uncertain
According to Jinshi reports, Federal Reserve official Daly stated that the war and oil shocks have made the policy path uncertain.
The Ethereum Foundation sold 5,000 ETH at an average price of $2,221
According to OnchainLens monitoring, the Ethereum Foundation sold 5,000 ETH at an average price of $2,221, exchanging for $11.1 million in DAI.Address: 0x9fC3dc011b461664c835F2527fffb1169b3C213e.
Data: The Ethereum Foundation sold 416.67 ETH in exchange for 933,300 DAI
According to Onchain Lens monitoring, the Ethereum Foundation has sold 416.67 ETH in exchange for 933,300 DAI.
An address on the chain liquidated 115.6 WBTC, resulting in a loss of 4.48 million dollars
According to on-chain analyst Yu Jin's monitoring, a certain address liquidated 115.6 WBTC on-chain, incurring a loss of 4.48 million dollars. The cost price was 105,431 dollars, while the selling price was 67,070 dollars: 115.6 WBTC was sold for 7.753 million DAI.
