Dai
DAI is a decentralized, unbiased, collateral-backed stablecoin soft-pegged to the US Dollar.
About Dai
DAI is a decentralized stablecoin managed by the MakerDAO protocol. Unlike centralized stablecoins, DAI is not issued by a company but is minted by users who lock collateral (such as ETH, WBTC, or USDC) into smart contract vaults. This over-collateralization ensures that the value of the assets backing DAI exceeds the total DAI in circulation. Contract: 0x6b175474e89094c44da98b954eedeac495271d0f
Key Features
Fees & Pricing
Spot Trading Fee
Stability fees (interest) paid to the Maker protocol when minting; variable gas fees for on-chain transactions
Platform & Services
Payment Methods
Support Options
Security & Compliance
Regulatory Status
Governed by a DAO; faces unique "decentralized" regulatory scrutiny compared to centralized tokens
Security Features
Pros & Cons
Pros
- Censorship-resistant
- fully transparent on-chain
- integral to DeFi
Cons
- Liquidation risk if collateral value drops
- complex to mint for beginners
- partially backed by centralized assets like USDC