Question 1

What is Dai (DAI)?

Accepted Answer

Dai (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, meaning it is fully compatible with other networks and wallets that support Ethereum-based tokens, making it an ideal medium of exchange and store of value.

Dai was initially launched by MakerDAO as a single-collateral stablecoin backed solely by Ether (ETH). In 2019, the project introduced Multi-Collateral Dai (MCD), enabling support for additional collateral types. The original version was renamed Single-Collateral Dai (SAI) before being phased out, with holders encouraged to migrate to the new DAI system. Now, as part of MakerDAO's Endgame plan, the project is transitioning into Sky, introducing Sky Dollar (USDS) and the SKY governance token. Starting September 18, 2024, DAI holders have the option to upgrade their tokens to USDS, while MKR holders can upgrade to SKY. However, both DAI and MKR will continue to function as usual, allowing users to choose between the established tokens or the new versions with enhanced governance and features.

Question 2

For what is Dai used?

Accepted Answer

Dai is designed to be used as a medium of exchange and a store of value, allowing users to send, receive, and store money in a decentralized manner without the need for traditional banking services. It facilitates online payments, money transfers, and other financial services. Dai is widely used in decentralized finance (DeFi) applications, including lending platforms, liquidity pools, and yield farming. It also serves as a reliable stable asset for international transactions, remittances, and hedging against market volatility.

Question 3

Who created Dai?

Accepted Answer

Dai was created by MakerDAO, a decentralized autonomous organization (DAO) founded in 2014 by Danish entrepreneur Rune Christensen. On December 18, 2017, Dai and its associated smart contracts were officially launched on the main Ethereum network.

#	Instrumento	Palitan	Puntos ng Sukatan	Presyo	24h Pagbabago	24h Dami	24h Kalakalan	24h Bukas	24h Mataas
1	DAI-USD DAIUSD	kraken	AA	0.9997USD	-0.00%	159,021.79DAI	214	0.9998USD	1.02USD
2	DAI-USDT DAIUSDT	kraken	AA	1.00USDT	-0.01%	107,806.79DAI	86	1.00USDT	1.01USDT
3	DAI-USD daiusd	gemini	A	1.00USD	0.01%	6,073.09DAI	16	1.00USD	1.00USD
4	DAI-USD DAI-USD	coinbase	AA	0.9985USD	0.00%	0DAI	0	0.9985USD	0.9985USD
5	DAI-EUR DAIEUR	kraken	AA	0.8672EUR	0.08%	3,302.36DAI	10	0.8665EUR	0.8694EUR
6	DAI-USDC DAI-USDC	coinjar	B	1.01USDC	0.00%	0DAI	0	1.01USDC	1.01USDC
7	DAI-JPY dai_jpy	bitbank	C	155.11JPY	0.07%	22,068.83DAI	60	155.00JPY	155.46JPY
8	DAI-EUR DAIEUR	bit2me	B	0.8672EUR	0.08%	3,302.36DAI	10	0.8665EUR	0.8694EUR
9	DAI-AUD DAI_AUD	independentreserve	B	1.21AUD	-15.36%	663.11DAI	13	1.43AUD	1.43AUD
10	DAI-JPY dai_jpy	coincheck	D	154.50JPY	-0.76%	580.00DAI	43	155.68JPY	155.68JPY
11	DAI-GBP DAIGBP	coinjar	B	0.7240GBP	0.00%	0DAI	0	0.7240GBP	0.7240GBP
12	DAI-USD DAI_USD	independentreserve	B	0.9690USD	-10.61%	25.00DAI	1	1.08USD	1.08USD
13	DAI-USD DAIUSD	coinjar	B	0.9942USD	-0.01%	20.00DAI	1	0.9943USD	0.9943USD
14	DAI-AUD DAIAUD	coinjar	B	1.39AUD	0.14%	20.00DAI	1	1.39AUD	1.39AUD
15	DAI-INR DAI_INR	unocoin	-	72.00INR	0.00%	0DAI	0	72.00INR	72.00INR
16	DAI-USDT DAIUSDT	latoken	D	0.9500USDT	-2.06%	1.14DAI	1	0.9700USDT	0.9700USDT
17	DAI-NZD DAI_NZD	independentreserve	B	1.49NZD	-19.29%	1.08DAI	1	1.85NZD	1.85NZD
18	DAI-JPY daijpy	huobijapan	E	158.10JPY	0.00%	0DAI	0	158.10JPY	158.10JPY