Dai (DAI)

by | Aug 18, 2021

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

Subscribe for the Latest Updates

Related Articles

Crypto Tax Survival Guide Here are great ways you can reduce your tax bill, whether you are in the US, UK, or the rest of the world.
7 Causes To Support During Women’s History Month Here's how to support nonprofits promoting female accomplishment and helping women of today become tomorrow’s history-makers, especially during Women’s History Month.

Featured Articles

Related articles

Donate Crypto, Help Ukraine Relief Efforts | The Giving Block Help Ukraine Relief Efforts By Donating Crypto to These 30 Nonprofits March 3, 2022 Posted in: Cause Awareness, Donors Donating crypto to these nonprofit organizations is an easy way to support humanitarian aid and emergency response efforts in Ukraine. Read more
Crypto Year-End Giving: Why December 31 Is The Best Day For Crypto Donations December 23, 2021 Posted in: Cryptocurrency, Donors, Nonprofits, Year-End Giving 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
Crypto Glossary | The Giving Block Crypto Glossary for Nonprofits and Donors: 60+ Terms Explained August 11, 2021 Posted in: Crypto 101, Cryptocurrency, Donors, Frequently Asked Questions, Guides, Nonprofits We’ve put together a glossary of the most popular, essential, and amusing jargon, terms, shorthands, and slang. Read more