Previously known as Sai, this is an Ethereum-based decentralized stablecoin that seeks to maintain a $1 value. Contrary to centralized stablecoins, Dai isn't supported by USD in the bank. Alternatively, it's backed by the Maker portfolio's collateral. This means that if the Dai network is shut down or upgraded, inventors might require converting their Dai tokens to Ethereum via the Maker portfolio.
This token is generated from overcollateralized repayment and loan procedures enabled by the smart contract from MakerDAO as a decentralized application form. Investors who deposit accepted cryptocurrencies can borrow against their deposits` value and receive recently created Dai. The ratio of collateralization for Ether stands at 150%, meaning if an investor deposits Ether worth $150, they can borrow a maximum of 100 Dai. However, if the collateral drops beneath this ratio, the Smart contracts could automatically liquidate the loan. All the same, if the value surges, the investors can borrow extra Dai.
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Cryptophilanthropy exploded last year despite a lack of regulation, according to a company that helps nonprofits leverage crypto. The Giving Block says in a new 2021 annual report that their total donation volume last year skyrocketed to more than $69.44 million, an increase of 1,558% compared to 2020. The annual report examines fundraising data from […] The post Crypto Philanthropy Explodes in 2021 As Bitcoin Loses Most-Donated Digital Asset Crown to This Coin: Report appeared first on The Daily Hodl.
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Stablecoins are proving themselves to be the best cryptos to buy right now as the Fed prepares its stream of interest rate hikes in 2022.
Stablecoins are proving themselves to be the best cryptos to buy right now as the Fed prepares its stream of interest rate hikes in 2022.
Taiwan's banking sector is rich with dollar liquidity. India's has a shortfall.
Taiwan's banking sector is rich with dollar liquidity. India's has a shortfall.
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BingX has the lowest Dai (DAI) transaction fee among all major exchanges
1.99%
0.26%
0.1%
0.075%
The most traded asset on BingX.com in the last 24 hours.
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