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14/12/2023

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What is DAI?

MakerDAO (DAI)  is a decentralized, unbiased, collateral-backed cryptocurrency soft-pegged to the US Dollar stablecoin. Users generate Dai by depositing collateral assets into Maker Vaults within the Maker Protocol.


Essential details:

  • Dai was launched in 2017 on the Ethereum blockchains.
  • Dai is backed by a surplus of collateral that has been individually escrowed into audited and publicly viewable Ethereum smart contracts.


Whitepaper: https://makerdao.com/en/whitepaper

Website: https://makerdao.com/en/