Dai is a decentralized, collateral-backed stablecoin pegged to the value of the US dollar. It is issued by MakerDAO, a decentralized autonomous organization (DAO) on the Ethereum blockchain. Unlike centralized stablecoins, Dai’s stability is maintained through a system of over-collateralization using various cryptocurrencies as collateral, making it a transparent and censorship-resistant stable asset widely used in the DeFi ecosystem.
What is Dai (DAI)?
Discover the key facts about Dai (DAI).
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Looking for more resources?
6 Types of Cryptocurrency and How to Donate Them The Giving Block accepts more than 80 types of cryptocurrency that donors can use to support nonprofits and charities in a variety of ways. Read more
What is Blockchain: Why You Should Care A blockchain is a growing list of records, called blocks, that are linked together using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. Read more
Why should nonprofits accept cryptocurrency donations? Less than 1% of nonprofits accept cryptocurrency donations. Fifteen years ago nonprofits were skeptical about credit card donations. Read more
