What is DAI

1. Programme Name 

DAI (DAI)

2. Project Introduction

Dai (DAI) is the largest decentralized stablecoin on the Ethereum blockchain, developed and managed by MakerDAO, and is the infrastructure of decentralized finance (DeFi). DAI is issued by the full collateral guarantee of the assets on the blockchain, pegged 1 : 1 to the U.S. dollar (1 DAI = 1 USD).

Individuals and businesses can obtain safe-haven assets and liquidity by exchanging DAI or collateralizing DAI. DAI has already implemented applications in margin loans, margin trading, international transfers, and supply chain finance.

The Maker protocol, also known as the multi-collateral DAI (MCD) system, allows users to generate DAI by leveraging collateral assets approved by "Maker Governance".  Maker governance is the process of community organization and operations, used to manage all aspects of the Maker agreement. DAI is a decentralized, unbiased, collateral-backed cryptocurrency pegged to the US dollar. DAI's low volatility can hedge against hyperinflation and provide economic freedom and opportunities for anyone anywhere.

Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. Some of the content may be out of date, error, or omission. HTX does not take responsibility for any resulting direct or indirect losses.