Introduction to DAI
Dai (DAI) is a decentralized, soft-pegged USD stablecoin backed by overcollateralized crypto assets. Created through the Maker protocol, DAI maintains price stability while offering accessible digital payment and savings solutions.
Key Features:
- Decentralized Stability: Maintains USD peg through algorithmic mechanisms
- Overcollateralization: Asset backing always exceeds DAI's debt value
- Transparency: All transactions verifiable on Ethereum blockchain
- Dual Utility: Functions as payment method and savings tool via Dai Savings Rate (DSR)
👉 Discover how DAI compares to other stablecoins
Current Market Data (Updated June 2025)
| Metric | Value |
|---|---|
| Current Price | $0.99 |
| 24h Trading Volume | $6.56M |
| All-Time High | $1.22 |
| Total Supply | 3.6B DAI |
| Market Cap | $3.6B |
| Circulating Supply | 3.6B DAI |
| Rank | #39 |
Project Background
Development Team
DAI was created by Maker Foundation in 2015, now governed by MakerDAO's decentralized community. Key figures include:
- Rune Christensen: Maker Protocol founder/CEO
- Steven Becker: COO with financial mathematics expertise
- Mariano Di Pietrantonio: Co-founder and strategy lead
Funding History
MakerDAO raised $79.5M across four token sales with investors including:
- a16z
- Paradigm
- Polychain Capital
Token Economics
| Attribute | Detail |
|---|---|
| Token Symbol | DAI |
| Total Supply | 5,365,382,703 (dynamic) |
| Token Standard | ERC-20 |
| Contract Address | 0x6b175474e89094c44da98b954eedeac495271d0f |
Community Channels
- Twitter: @MakerDAO
- Reddit: r/MakerDAO
- Telegram: t.me/makerdaoOfficial
- YouTube: youtube.com/MakerDAO
Project Resources
👉 Learn about DAI's role in DeFi ecosystems
FAQs About DAI
What makes DAI different from other stablecoins?
DAI maintains decentralization through overcollateralization and algorithmic adjustments, unlike centralized alternatives that rely on fiat reserves.
How does the Dai Savings Rate work?
The DSR allows users to earn interest by locking DAI in smart contracts, with rates adjusted by MakerDAO governance.
What assets back DAI?
DAI is primarily backed by ETH and other approved crypto assets, with collateral ratios typically exceeding 150%.
Can DAI lose its peg?
While designed to maintain $1 parity, extreme market conditions may cause temporary deviations, with mechanisms to restore equilibrium.
How is DAI created?
Users generate DAI by depositing collateral into Maker Vaults, with the created DAI representing a debt position.
Why DAI Matters in Crypto
- Decentralized Finance Pioneer: One of the first successful algorithmic stablecoins
- Yield Opportunities: Enables earning through DSR and DeFi integrations
- Payment Solution: Widely accepted across crypto merchants and services
- Risk Management: Provides stability during market volatility
👉 Explore DAI trading opportunities
Note: Always conduct independent research before making financial decisions. Stablecoin mechanisms involve complex risks.