Single Collateral DAI priceSAI $1.29

For details on the upgrade from Single-Collateral Dai (Sai) to Multi-Collateral Dai (Dai), please click here

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About Single Collateral DAI

Contracts

Ethereum: 0x89d2...260359

Official links

Website

Whitepaper

GitHub

Socials

Twitter

Network information

Chain explorers

Supported wallets

Tags

Store Of ValueDeFiAlgorithmic Stablecoin

Dai (DAI) is a USD-pegged stablecoin built on the Ethereum blockchain, and has no centralized authority. Its $1 USD equivalent is maintained through automatic pricing mechanisms built into smart contracts. When Dai is worth more than $1, the smart contract pricing mechanisms works to decrease the price. Conversely, when Dai is worth below $1, the smart contract pricing mechanisms works to increase the price. Dai can be freely traded like any other ERC20 token, and anyone with an Ethereum wallet can own, accept, and transfer it without a middleman.