What currency does DAI belong to? List of DAI coin issuance prices and online exchanges
- PHPzOriginal
- 2024-07-26 15:00:03327browse
DAI is a stablecoin pegged to the US dollar and managed by MakerDAO. It maintains its stability through over-collateralized minting and automatic liquidation mechanisms and is widely used for storing value, trading, and DeFi applications.
What currency does DAI belong to?
DAI is a stablecoin pegged to the US dollar and managed by the decentralized autonomous organization (DAO) MakerDAO.
DAI Coin Issuance Price
The initial issuance price of DAI is 1 USD.
List of DAI coin listed exchanges
The following are some exchanges where DAI coin is listed:
- Coinbase
- Binance
- Kraken
- Uniswap
- Curve Finance
Details Information:
DAI is created by the MakerDAO protocol, which allows users to mint DAI after depositing crypto assets such as ETH. Unlike other stablecoins, DAI is not controlled by any centralized entity, but is managed by algorithms and smart contracts.
The value of DAI is pegged to the US dollar, achieved through over-collateralized minting and automatic liquidation mechanisms. Overcollateralized minting means that users must deposit crypto assets worth more than the value of the DAI coins being minted. The automatic liquidation mechanism will automatically sell collateral to repay DAI debt when its value drops to a certain level.
DAI is a popular stablecoin used for the following purposes:
- Store value: DAI can serve as a stable value asset that is not affected by the volatility of the cryptocurrency market.
- Trading: DAI can be traded with other crypto assets on exchanges.
- DeFi: DAI is widely used in decentralized finance (DeFi) applications such as lending and yield farming.
Dai Latest Price & Trends
Current Price: $1.00
Changes
- Factors Behind 0.0145% Increase in Last 24 Hours
Factors causing Dai price to rise still not clear.
Future Trend Analysis
Dai’s price trend is likely to continue to remain stable as it is pegged to the US dollar. However, market sentiment can have an impact on prices.
Action
Investors looking to invest in Dai should pay close attention to market dynamics and conduct price research.
Short Term Forecast
Based on current information, Dai is likely to remain around its current price in the short term.
Indicator
- Trading volume: 183070754.72018 USD
- Circulation volume: 5347888595.7464 Dai
- Circulation market capitalization: 5348198755.3798 USD
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