- Last Price1.00
- Turnover (24h)19.82M
- All-Time High1.22
- Total Supply3.74B
- Fully Diluted Market Cap3.75B
- Ranking42
- Market Cap3.74B
- All-Time Low0.88
- Circulating Supply3.74B
What is DAI (DAI)
Learned by 3.4k usersPublished on 2024.03.29Last updated on 2025.06.04
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Note: The project description is sourced from official materials provided by the project team. However, it is important to note that these materials may be outdated, contain errors, or omit certain details. The provided content is for reference purposes only and should not be considered investment advice. HTX does not assume any liability for any direct or indirect losses incurred as a result of relying on this information.
1. Project Introduction
Dai is a decentralized, soft-pegged USD stablecoin backed by overcollateralized crypto assets. Users can mint Dai by locking collateral into smart contracts called Maker Vaults within the Maker protocol, or acquire it through exchanges or payments.
It is widely used for payments and savings, with the Dai Savings Rate (DSR) allowing users to earn interest on holdings. Dai’s value is always backed by collateral exceeding its issuance, with all data transparently recorded on the Ethereum blockchain.
Summary:
Dai is a fully decentralized, overcollateralized stablecoin that offers a reliable and efficient means of digital payment and savings.
2. Team & Investment Info
Dai was launched in 2015 by the Maker Foundation, based in San Francisco.
Key team members included:
Rune Christensen (Founder & CEO): Studied at the University of Copenhagen; previously co-founded Try China.
Steven Becker (COO): Background in financial mathematics; held senior roles in finance.
Mariano Di Pietrantonio (Co-founder, Strategy Lead): Former founder of Be.Blockchain.
In July 2021, the Maker Foundation transitioned full control of the protocol to MakerDAO and dissolved, completing the shift to decentralized governance.
Funding History:
Total raised: $79.5M
Dec 2017: $12M token sale (40,000 MKR); investors included a16z, Polychain
Sep 2018: a16z acquired $15M worth of MKR
Apr 2019: $25M round led by COIND and Tokenpot Capital
Dec 2019: $27.5M round led by Dragon Capital and Paradigm, who committed to supporting governance
3. Social Media URLs
X: https://x.com/SkyEcosystem
Reddit: https://www.reddit.com/r/MakerDAO/
Telegram: https://t.me/makerdaoOfficial
YouTube: https://www.youtube.com/MakerDAO
4. Token Info
Token Symbol: DAI
Total Supply: 5,365,382,703
Token Type: ERC-20
Issuance/Burn Mechanism: Fixed supply
Contract Address: 0x6b175474e89094c44da98b954eedeac495271d0f
Token Distribution: NA
5. Related Links
Official Website: https://makerdao.com/
GitHub: https://github.com/makerdao
White Paper: https://makerdao.com/whitepaper
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