NEW: Download The 2023 Annual Report on Crypto Philanthropy Download the report
Dai DAI Logo | The Giving Block

What is Dai (DAI)?

Discover the key facts about Dai (DAI).

About DAI

DAI is an Ethereum-based stablecoin that is pegged to the US Dollar. It is the token used in the MakerDAO network, which employs smart contracts to offers users the ability to borrow DAI against their deposits of other cryptocurrencies. DAI is created by taking out a loan on MakerDAO. Once created, DAI can be used like ETH token in transactions. Over its lifespan, DAI has maintained a 1:1 ratio with the US Dollar with only minor and brief fluctuations. DAI can be traded on many centralized exchange platforms.

Learn more about DAI

The Giving Block - General Featured Purple 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
How You Can Give Zakat in Crypto | The Giving Block How You Can Give Zakat in Cryptocurrency To give Zakat using cryptocurrency, The Giving Block is your one-stop destination to find and support charitable organizations. Read more
Crypto Year-End Giving: Why December 31 Is The Best Day For Crypto Donations The largest giving day for the nonprofit sector is December 31. Here's how to make your crypto donation during the year-end giving season. Read more