Dai current price is €0.00000 with a marketcap of €0. Its price is 0.02% up in the last 24 hours.
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Dai (DAI)
- Live Price €0.00000
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24h %
0.02%
- Market Cap €0
- Volume €0
- Available Supply 3.44 B DAI
- Rank 47
Technical analysis, backgrounds and info on this crypto coin
Furthermore, we provide you with the price chart and historical data for Dai (DAI) at the bottom of this page. Before we get there, we provide you with the upcoming agenda as well as some backgrounds and info on Dai.
The Dai agenda
In order to provide you with an accurate overview of coming Dai agenda items and events, you'll find our Dai agenda below.
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If you are interested in the agenda items for other cryptocurrencies and/or the most important economic items on the macro-economic agenda, please visit our calendar page.
What is Dai?
Dai (or DAI) is a balanced coin cryptocurrency which aims to keep its ownness as close to one USD as possible through an automated system of smart contracts on the Ethereum blockchain. Dai is maintained and regulated by MakerDAO, a decentralized autonomous organization (DAO) composed of the owners of its governance token, MKR, who may vote on changes to certain parameters in its smart contracts in order to ensure the stability of Dai.
Who created Dai?
Dai is created from an overcollateralized loan and repayment process facilitated by MakerDAO's smart contracts in the form of a decentralized application. Users who deposit Ether (or other cryptocurrencies accepted as collateral) are able to borrow against the value of their deposits and receive newly generated Dai.
What is the purpose of Dai (DAI)?
The power to propose and implement changes to such variables is granted, through code, to holders of the MKR token. Owners of the governance token are able to vote on proposed modifications in equal proportion to the amount of tokens they hold. The MKR token also serves as an investment in the MakerDAO system. Added interest that borrowers pay back, on top of their loan's principal, is used to buy up MKR tokens from the market and burn them (i.e. destroy, permanently take out of circulation). This mechanism aims to make MKR deflationary in correlation to the revenues from lending Dai.
Dai (DAI) nowadays
The collateralization value for Ether is recently set at 150%, or in other words, depositing $150 worth of Ether allows one to borrow up to 100 Dai (roughly equivalent to $100). If the value of the collateral reduces below this ratio, the loan can be automatically liquidated by the smart contracts. On the other hand, if its value increases, additional Dai can be borrowed.
Consequently by repaying a loan and its accrued interest, the returned Dai is automatically destroyed and the collateral is made available for withdrawal. In this way the USD value of Dai can be said to be backed by the USD value of the underlying collateral held by MakerDAO's smart contracts. By controlling the types of accepted collateral, collateralization ratios, and the interest rates for borrowing or storing Dai, MakerDAO is able to control the amount of Dai in circulation, and thus its value.
The future of Dai (DAI)
Dai enables engineers, liquidity suppliers and merchants to partake in a monetary commercial center that is open and open to all. We are resolved to open source programming and expanding on the decentralized web.
Besides Dai (DAI) is the renowned cryptocurrency (measured by market capitalisation). This cryptocurrency has become more and more popular over years. Given the plans for the future, many insiders have high expectations of the Dai (DAI) price. Of course you can trade and/or invest in Dai (DAI) as well. On this page you'll find basic statistics and characteristics of Dai (DAI). Furthermore you'll find info regarding the Dai (DAI) price, basic technical analysis and a brief explanation of the story of Dai (DAI)
Current Dai (DAI) price
Please see below the Dai price chart as provided by our home broker.
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Onchain Metrics Dai (DAI)
If you want to perform a technical analysis of Dai and decide whether it is the right time to trade or invest, please check the on-chain metrics as provided by our partners of Into the Block.
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These On-chain metrics are updated once a day (rondabout 11 pm est, which is 5 am Dutch time). If you want to check the latest update, please dive deeper into the On-chain metrics of our metrics partner IntotheBlock.io.
Furthermore, we provide you with the price chart and historical data for Dai (DAI) at the bottom of this page. Before we get there, we provide you with the upcoming agenda as well as some backgrounds and info on Dai.
The Dai agenda
In order to provide you with an accurate overview of coming Dai agenda items and events, you'll find our Dai agenda below.
baseUrl = "https://coinmarketcal.com/en/api/widget?limit=5&coins=dai&sortBy=created_desc&eventEvenColor=9D9696&eventOddColor=FFFFF&bordersColor=00FC65&textColor=000000" var scripts = document.getElementsByTagName("script"); var embedder = scripts [ scripts.length - 1 ]; (function (){ var appName = encodeURIComponent(window.location.hostname); if(appName==""){appName="local";} var s = document.createElement("script"); s.type = "text/javascript"; s.src = baseUrl + "&app=" + appName; s.async = true;embedder.parentNode.appendChild(s); })();
If you are interested in the agenda items for other cryptocurrencies and/or the most important economic items on the macro-economic agenda, please visit our calendar page.
What is Dai?
Dai (or DAI) is a balanced coin cryptocurrency which aims to keep its ownness as close to one USD as possible through an automated system of smart contracts on the Ethereum blockchain. Dai is maintained and regulated by MakerDAO, a decentralized autonomous organization (DAO) composed of the owners of its governance token, MKR, who may vote on changes to certain parameters in its smart contracts in order to ensure the stability of Dai.
Who created Dai?
Dai is created from an overcollateralized loan and repayment process facilitated by MakerDAO's smart contracts in the form of a decentralized application. Users who deposit Ether (or other cryptocurrencies accepted as collateral) are able to borrow against the value of their deposits and receive newly generated Dai.
What is the purpose of Dai (DAI)?
The power to propose and implement changes to such variables is granted, through code, to holders of the MKR token. Owners of the governance token are able to vote on proposed modifications in equal proportion to the amount of tokens they hold. The MKR token also serves as an investment in the MakerDAO system. Added interest that borrowers pay back, on top of their loan's principal, is used to buy up MKR tokens from the market and burn them (i.e. destroy, permanently take out of circulation). This mechanism aims to make MKR deflationary in correlation to the revenues from lending Dai.
Dai (DAI) nowadays
The collateralization value for Ether is recently set at 150%, or in other words, depositing $150 worth of Ether allows one to borrow up to 100 Dai (roughly equivalent to $100). If the value of the collateral reduces below this ratio, the loan can be automatically liquidated by the smart contracts. On the other hand, if its value increases, additional Dai can be borrowed.
Consequently by repaying a loan and its accrued interest, the returned Dai is automatically destroyed and the collateral is made available for withdrawal. In this way the USD value of Dai can be said to be backed by the USD value of the underlying collateral held by MakerDAO's smart contracts. By controlling the types of accepted collateral, collateralization ratios, and the interest rates for borrowing or storing Dai, MakerDAO is able to control the amount of Dai in circulation, and thus its value.
The future of Dai (DAI)
Dai enables engineers, liquidity suppliers and merchants to partake in a monetary commercial center that is open and open to all. We are resolved to open source programming and expanding on the decentralized web.
Further technical analysis of this coin
For further technical analysis you’ll find the current price chart and overview of historical data at the bottom of this page. Do you need more on-chain metrics? You can find these on the site of our on-chain metrix partner IntotheBlock.
Do you want to trade in this crypto?
If you want to trade in this cryptocurrency you might consider to sign up with one of our home exchanges: Changelly, CEX.io or Binance. When your mother tongue is Dutch or French you might also consider Bitvavo. If you want to know more about choosing the right crypto exchange, please visit our crypto exchages page.
Price chart
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Historical data
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Disclaimer
Please note that our site does not provide any financial advice. The statistics and information shown are solely provided as possible source for your own research on (investing in) crypto and/or for educational/entertainment purposes. Despite our efforts to present information in a right and timely manner we will not accept any responsibility for any shortcomings in the data and/or information provided. Furthermore please that this site uses affiliate links. This means we might earn a contribution in the costs of operating this site and providing free information if you decide to click on (one of) the links issued.