USDC
USDC
Coin: DAI (DAI)
Dai is a decentralised stable coin pegged to one USD, established by the Maker Foundation.
Twitter Sentiment
| Positive | Neutral | Negative |
Tokenomics
Refers to the strength of the tokens supply and demand dynamics.
|
|
|
Security
Refers to how prone the blockchain is to attacks from various sources.
|
|
|
Scalability
Refers to the blockchains ability to support increasing loads of transactions over time.
|
|
|
Decentralisation
Refers to the degree to which control & power of a blockahin network is dispersed across a network and not controlled by a central authority.
|
|
|
Applications
Refers to how well the projects core functions solve on and off chain problems.
|
|
|
Team & Developers
Refers to the experience, knowledge and strength of the projects core team & developer community (ie. Github).
|
|
|
Usage & Adoption
Refers to how widely used and adopted the projects core applications are by the broader economy.
|
|
|
Community Strength
Refers to the size, loyalty and legitimacy of a projects community across Twitter, Reddit, Discord, Youtube & more.
|
|
|
Overall Rating
Refers to the combined rank computed as a simple average.
|
Investors:
Maker Foundation
|
|
|
Disclaimer: Platypus Terminal does not provide any investment advice, nor is anything mentioned an offer to sell, or a solicitation of an offer to buy any security or other instrument. Under no circumstances should investments be based solely on the information provided. We do not guarantee the security or completeness of our information, and are not held liable.
Dai was launched in 2017 by the decentralised autonomous organisation Maker. Dai is a unique, completely decentralised, stablecoin that is not only pegged to the US dollar but also backed by cryptocurrency. Dai uses Ethereum smart contracts to create a balance between economic incentives and game theory to maintain its 1:1 peg with the US dollar
Built on the Ethereum blockchain, Dai has an excellent track record of maintaining its peg to the dollar with high levels of transparency. Dai stands out with its completely decentralised nature, allowing it to operate via code rather than through an external entity. Unlike other coins that are pegged to fiat currency, Dai is backed by a reserve pool of ETH tokens and is sustained by smart contracts. Dai is taking flight in the decentralised finance world and will enable users to trade and earn returns on a stable assets with a high level of liquidity safely across the blockchain.
Similar coins
TETHER
TETHER
TETHER
BINANCE USD
BINANCE USD
BINANCE USD
Articles related to DAI (DAI)
Algorithmic Stablecoins | The Future of DAI
