|Price to ATH||
DAI is a crypto-backed algorithmic stable coin provided by MakerDAO. One DAI is equal to one USD. Unlike other fiat-collateralized stablecoins, DAI is overcollateralized. If you want to receive 100 DAI which is worth 100$, you need to collateralize 150$ worth of Ethereum. The collateral ratio is decided by the MakerDAO platform's governance where anyone with MKR coin can vote. DAI is a fully decentralized stablecoin.
With a total market cap of over $5.38 billion, Dai is the No. 17 cryptocurrency by market size. The currency symbol for Dai is DAI. There will only ever be 4.26 billion Dai tokens issued. So far 5.38 billion tokens (126.3% of the total supply) have been issued.
7 Nov 2023: The Circulating Supply and Total Supply for DAI is updated to reflect the Total DAI Supply. For more information on Total DAI Supply and ERC-20 DAI Supply, please read here.
We found crypto protocols offering up to 25.9% APY on Dai deposits (25.9% APY DeFi) and loans as low as 2.02% APY against Dai used as collateral. Check out our Dai staking yields table and for further details.
The technical price analysis for Dai below is undertaken automatically by Tradingview by looking at over 20 different technical chart indicators. You can see how many of these indicators were BUY, NEUTRAL or SELL at the bottom of the chart. The indicators will change depending on what time frame you are looking at. The analysis does not consider market sentiment or broader macro issues that may affect the price of Dai.
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