Dai (CRYPTO: DAI)
Dai Return vs. S&P
| 1 Year | 5 Year | 5 Year Annualized | Since IPO |
|---|
Dai Company Info
Dai is a decentralized, stablecoin cryptocurrency built on the Ethereum blockchain. It is designed to maintain a stable value relative to the US Dollar, and is backed by a reserve of collateral-backed tokens and other assets. Dai is an ERC-20 token, making it fully compatible with other Ethereum-based networks and wallets. It is designed to be used as a medium of exchange, store of value, and for facilitating online payments, money transfers, and other financial services. Dai was created by MakerDAO, a decentralized autonomous organization founded in 2014 by Danish entrepreneur Rune Christensen, and was officially launched on the main Ethereum network on December 18, 2017.
News & Analysis
What Is the Next Cryptocurrency to Explode in 2024?
Check out all the cryptocurrencies that could be set for big gains this year.
What Is Yield Farming?
What Is a Decentralized Application (dApp)?
Fiat vs Crypto: How Crypto Will Affect Money Printing
Cryptocurrencies become more widely adopted as both currencies and investments, learn what really sets them apart.
Defining DeFi (Decentralized Finance)
What Are Stablecoins?
What Is Yield Farming?
Learn what yield farming is, how it works, and why it's important.
What Are Stablecoins?
Premium Investing Services
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.