Dai DAI Price 1.00

The release and development of which is managed by the Maker protocol and the MakerDAO, is a stable coin. The multi-party DAI was launched in November 2019. MakerDAO is a kind of company that operates in a way through the use of smart contracts. MakerDAO, Maker Protocol, and DAI can be voted on with the voting rights proportional to the number of Maker token holders. The main advantage of the asset is its soft peg. Stable coins are an example of a safe asset that can be used to compensate for market fluctuations. These are cryptocurrencies whose price is tied to assets with a relatively stable value, and most often these are traditional fiat currencies, such as US dollars or euros. The entire system is more transparent and less susceptible to corruption because token issuance and burning are managed and publicly recorded using self-regulating smart contracts. The Maker protocol can be used to create a new DAI. There is no upper limit for the total number of DAI, the offer is dynamic and depends on how much collateral is stored in the vaults at any given time.