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 used on the MakerDAO network, which employs smart contracts to enable users 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 tokens 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.

Crypto for Good: Oxfam Pilots Disaster Relief Using Stablecoin DAI

Oxfam International, a U.K.-based nonprofit, spent one month testings MakerDAO’s stablecoin DAI as a vehicle for helping disaster victims.

Read on CoinDesk

Make a Cryptocurrency Donation on The Giving Block

Browse charitable organizations and donate DAI or another cryptocurrency. Find a cause →

Learn: Discover the tax benefits of donating crypto
Raise: Launch a peer-to-peer fundraiser for a good cause
Get support: Contact our team for assistance

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

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 to Calculate and Give Zakat with Crypto Donations To give Zakat using cryptocurrency, The Giving Block is your one-stop destination to find and support charitable organizations. Read more