Dai (DAI)
What is it?
Dai is a stablecoin that aims to maintain its value to $1.00 (USD). As a price-balanced token, Dai ensures greater control of your digital wallet and decreases the risk of volatility in the market. Backed by collateralised loans, Dai provides a solution for holding funds instead of traditional banking institutions.
Why trade it?
Dai provides a solution for those looking for greater stability in the open market as well as interest in accessing loans in ETH.
Did you know…
Because it lives on the Ether (ETH) blockchain, Dai cannot be altered and is resistant to censorship or shutdowns.