Dai is the largest decentralized stablecoin on Ethereum, developed and managed by MakerDAO, the infrastructure of decentralized finance (DeFi). Dai is issued by the full mortgage of the assets on the chain, and is anchored at 1:1 with the US dollar, 1Dai=1 US dollar. Individuals and businesses can obtain safe-haven assets and liquidity by exchanging Dai or borrowing Dai by mortgage. Dai has already been applied in mortgage loans, margin transactions, international transfers, and supply chain finance. The Maker Protocol, also known as the Multi-Collateral Dai (MCD) system, allows users to generate Dai by leveraging “Maker Governance”-approved collateral assets. Maker governance is the process by which the community organizes and operates to govern all aspects of the Maker protocol. Dai is a decentralized, unbiased, collateral-backed cryptocurrency pegged to the U.S. dollar. Dai's low volatility is resistant to hyperinflation, providing economic freedom and opportunity to anyone, anywhere.
Dai is the largest decentralized stablecoin on Ethereum, developed and managed by MakerDAO, the infrastructure of decentralized finance (DeFi). Dai is issued by the full mortgage of the assets on the chain, and is anchored at 1:1 with the US dollar, 1Dai=1 US dollar. Individuals and businesses can obtain safe-haven assets and liquidity by exchanging Dai or borrowing Dai by mortgage. Dai has already been applied in mortgage loans, margin transactions, international transfers, and supply chain finance. The Maker Protocol, also known as the Multi-Collateral Dai (MCD) system, allows users to generate Dai by leveraging “Maker Governance”-approved collateral assets. Maker governance is the process by which the community organizes and operates to govern all aspects of the Maker protocol. Dai is a decentralized, unbiased, collateral-backed cryptocurrency pegged to the U.S. dollar. Dai's low volatility is resistant to hyperinflation, providing economic freedom and opportunity to anyone, anywhere.
