Dai
Price
DAI
About Dai
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.
How it works
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.
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.
Cryptophilanthropy exploded last year despite a lack of regulation, according to a company that helps nonprofits leverage crypto. The Giving Block say
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.
Terra's UST market cap could soon flip the one of Maker DAI and will become the fourth biggest stablecoin by market cap due to the fast adoption rates as we can see more today altcoin latest news. The stablecoin for the Terra ecosystem is a step away from flipping Maker's DAI to become the fourth […]
Terra's UST market cap could soon flip the one of Maker DAI and will become the fourth biggest stablecoin by market cap due to the fast adoption rates
TALLINN, Estonia, Dec. 14, 2021 (GLOBE NEWSWIRE) -- The Embily crypto banking team is delighted to announce that the service has implemented support for the DAI and USD Coin, making them available for users of Embily cards in Europe.
TALLINN, Estonia, Dec. 14, 2021 (GLOBE NEWSWIRE) -- The Embily crypto banking team is delighted to announce that the service has implemented support f
Catch up on the latest crypto market news at The Currency Analytics. Nexo Exchange is growing.
Catch up on the latest crypto market news at The Currency Analytics. Nexo Exchange is growing.
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