Live Dai price
Dai price chart
Dai (DAI) price details
Dai price history
Download dataDownload dataDai technical analysis
Dai (DAI) sentiment
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.
Official links
WebsiteSocial media and community
X(Twitter)FAQ
1. What is the current price of Dai (DAI) in USD?
2. What is the market capitalization of Dai (DAI)?
3. What is the circulating supply of Dai (DAI)?
4. What factors influence the price of Dai (DAI)?
5. Is Dai (DAI) a good investment?
6. Where can I buy Dai (DAI)?
7. What are the typical fees when buying Dai (DAI)?
8. What are some technical indicators used for analyzing Dai (DAI)?
Currency price converter
Popular
Global prices
How to buy
Dai news
The large models in the United States are moving towards closure in the name of security
The government successfully inserted itself as an approver between commercial AI models and their users for the first time.
Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion
Overview of Important Market Events on June 25
From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework
Give up on heavily investing in Nvidia's "nine major bottlenecks"! This article analyzes the underlying logic behind top AI investors making billions: physical infrastructure such as electricity, HBM, and optical interconnects are the true keys to wealth in AI hardware.
Why do cryptocurrency projects always like to change their names?
In many cases, the old names of encryption projects have no competitive advantage, only historical baggage.
Global Launch: As predictions become the most scarce asset in the AI era, Manadia is defining the next generation of the value internet
The trusted AI prediction ecosystem Manadia, which has secured $7 million in funding from well-known institutions like OKX, will globally launch in June. The core token UMXM has already been listed on multiple mainstream platforms, inviting you to seize the new blue ocean of the trillion-level predi...
Who is footing the bill for the $64 billion accounting frenzy?
Affected by Bitcoin falling below $60,000, publicly listed companies heavily invested in this asset are facing huge paper losses and valuation discounts, and their debt structure and accounting standards may trigger structural liquidity risks in the future.
View more
View more
