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Dai ($DAI)
Overview:
Dai is a decentralized stablecoin that is soft-pegged to the U.S. dollar.
It is a key component of the MakerDAO ecosystem, which is a decentralized autonomous organization (DAO) on the Ethereum blockchain.
Technology:
Unlike centralized stablecoins like USDT and USDC, $DAI is collateralized by a variety of other cryptocurrencies that are locked in smart contracts.
The system uses over-collateralization to ensure that the value of the collateral is always higher than the value of the DAI in circulation.
Key Features: $DAI offers a stable, decentralized alternative to fiat-backed r. The MakerDAO governance token, MKR, is used to manage the protocol's parameters and maintain the peg.#dai #daitoken #CryptoNewss #UpdatesWork
Overview:
Dai is a decentralized stablecoin that is soft-pegged to the U.S. dollar.
It is a key component of the MakerDAO ecosystem, which is a decentralized autonomous organization (DAO) on the Ethereum blockchain.
Technology:
Unlike centralized stablecoins like USDT and USDC, $DAI is collateralized by a variety of other cryptocurrencies that are locked in smart contracts.
The system uses over-collateralization to ensure that the value of the collateral is always higher than the value of the DAI in circulation.
Key Features: $DAI offers a stable, decentralized alternative to fiat-backed r. The MakerDAO governance token, MKR, is used to manage the protocol's parameters and maintain the peg.#dai #daitoken #CryptoNewss #UpdatesWork
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