For details on the upgrade from Single-Collateral Dai (Sai) to Multi-Collateral Dai (Dai), please click here
Single Collateral DAI SAI
Market data is untracked
For more details on the listing tiers, please refer to Listings Review Criteria Section B - (3)
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.