Donation Donation Form | 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

Donation Donation Form | The Giving Block 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
Donation Donation Form | The Giving Block Donate Other Cryptos We are able to process some donations of cryptocurrencies that aren't listed in The Giving Block's Donation Form. Please read this information and/or contact us to verify. Read more
Donation Donation Form | The Giving Block 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