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Dai price

Dai priceDAI

Listed
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$0.9997USD
-0.01%1D
The price of Dai (DAI) in United States Dollar is $0.9997 USD.
Dai price USD live chart (DAI/USD)
Last updated as of 2025-11-26 09:09:20(UTC+0)

Dai market Info

Price performance (24h)
24h
24h low $124h high $1
All-time high (ATH):
$3.67
Price change (24h):
-0.01%
Price change (7D):
-0.01%
Price change (1Y):
-0.02%
Market ranking:
#23
Market cap:
$5,363,667,370.9
Fully diluted market cap:
$5,363,667,370.9
Volume (24h):
$136,038,521.31
Circulating supply:
5.37B DAI
Max supply:
--
Total supply:
5.37B DAI
Circulation rate:
99%
Contracts:
0xDA10...9000da1(Arbitrum)
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Links:
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Live Dai price today in USD

The live Dai price today is $0.9997 USD, with a current market cap of $5.36B. The Dai price is down by 0.01% in the last 24 hours, and the 24-hour trading volume is $136.04M. The DAI/USD (Dai to USD) conversion rate is updated in real time.
How much is 1 Dai worth in United States Dollar?
As of now, the Dai (DAI) price in United States Dollar is valued at $0.9997 USD. You can buy 1DAI for $0.9997 now, you can buy 10 DAI for $10 now. In the last 24 hours, the highest DAI to USD price is $1 USD, and the lowest DAI to USD price is $0.9994 USD.
AI analysis
Dai price performance summary for today

Dai Price Performance: A Detailed Analysis for November 26, 2025

Today, November 26, 2025, the Dai (DAI) stablecoin generally maintained its peg to the US Dollar, a testament to its underlying mechanisms and market confidence. While stablecoins are designed for minimal volatility, slight fluctuations can occur, often reflecting broader market dynamics, liquidity shifts, and arbitrage opportunities. A deep dive into today's performance reveals several interconnected factors at play, offering crucial insights for investors and observers.

Current Price and Stability:

As of today, Dai largely hovered around its target price of $1.00 USD. Minor deviations, typically within a fraction of a cent (e.g., $0.999 to $1.001), were observed throughout the trading day. These small fluctuations are normal for stablecoins and are often quickly corrected by arbitrageurs. When Dai trades below its peg, investors are incentivized to buy it cheaply and redeem it for $1.00 worth of collateral, pushing its price back up. Conversely, if it trades above, new Dai can be minted and sold, bringing the price down.

Market Dynamics and Trading Volume:

Today's trading volume for Dai remained robust, indicating continued liquidity and active participation across various exchanges. High trading volumes underscore investor confidence and the coin's utility in the broader crypto ecosystem, particularly for decentralized finance (DeFi) activities. Analysis of order books on major exchanges like Bitget showed healthy bid-ask spreads, confirming sufficient depth to absorb typical trading activity without significant price dislocations.

Factors Affecting Dai Price Performance:

  1. Broader Cryptocurrency Market Sentiment: While Dai is a stablecoin, its demand can be indirectly influenced by the overall sentiment in the cryptocurrency market. On days of high volatility in major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), traders often seek refuge in stablecoins, increasing Dai's demand and potentially exerting slight upward pressure on its peg. Conversely, a strong bull run might see some capital flow out of stablecoins into more volatile assets. Today's broader market showed mixed signals, with some assets consolidating, which likely contributed to Dai's steady demand.

  2. Decentralized Finance (DeFi) Activity: Dai is a cornerstone of the DeFi ecosystem. Its stability and decentralized nature make it a preferred asset for lending, borrowing, and yield farming protocols. Any significant changes in DeFi protocol activity, such as new liquidity pools, increased borrowing demand, or major liquidations, can directly impact the demand for Dai. Today, reports indicated sustained or slightly increased activity in key DeFi platforms, providing a stable foundation for Dai’s peg.

  3. MakerDAO Governance and Collateralization: Dai’s stability is fundamentally tied to the health and governance of the MakerDAO protocol, which backs Dai with a diversified portfolio of crypto assets. Regular updates to collateral types, debt ceilings, stability fees, and liquidation ratios by MakerDAO governance can influence market perception and the ease with which Dai maintains its peg. Ongoing discussions and votes within the MakerDAO community, even if not immediately impactful, contribute to the long-term stability outlook. Monitoring the collateralization ratio of the Dai system is crucial; healthy overcollateralization instills confidence.

  4. Arbitrage Opportunities and Liquidity: Arbitrageurs play a vital role in maintaining Dai’s peg. They constantly monitor the price of Dai across different exchanges and against its underlying collateral. Any deviation from $1.00 creates an opportunity for profit, leading them to buy or sell Dai until the peg is restored. The efficiency and prevalence of these arbitrage opportunities ensure Dai’s price remains anchored. Today's quick corrections to any minor fluctuations suggested an efficient arbitrage ecosystem at work.

  5. Regulatory Developments: While no direct, major regulatory news specifically impacting stablecoins emerged today, the broader regulatory landscape for cryptocurrencies always looms as an indirect factor. Clarity or uncertainty regarding stablecoin regulations in major jurisdictions can influence institutional adoption and overall market sentiment towards assets like Dai. Investors are always attuned to potential shifts that could alter the operational environment for decentralized stablecoins.

Outlook for Investors and Observers:

For investors seeking a stable asset within the volatile cryptocurrency market, Dai continues to present a compelling option. Its decentralized nature and robust collateralization mechanism differentiate it from centralized stablecoins. Today's performance reaffirms the effectiveness of its design in maintaining its peg amidst various market conditions. Observers should continue to monitor key indicators such as MakerDAO’s collateralization ratio, overall DeFi activity, and broader crypto market trends for a holistic understanding of Dai’s future performance. While stablecoins aim for price stability, understanding the underlying factors that ensure this stability is paramount for informed decision-making.

The AI-summarized content may not be fully accurate. Please verify the information from multiple sources. The above does not constitute investment advice.
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AI analysis
Today's hot spots in the crypto market

The cryptocurrency market experienced a day of notable activity and shifting dynamics on Monday, November 24, 2025, marked by Bitcoin's continued price struggles, significant advancements in institutional adoption for altcoins, and a blend of optimism and challenges across various sectors.

Bitcoin Navigates Significant Downturn

Bitcoin faced a challenging period, extending a weeks-long slump that has seen its value decline significantly. The cryptocurrency dropped as much as 7.6 percent on Friday, settling around $80,553. This decline contributed to a nearly 25 percent loss in November, making it Bitcoin's worst month since the market collapses of Terra and FTX in 2022. The downturn has been attributed to factors including spot selling, redemptions from exchange-traded funds (ETFs), and complex options positioning that amplified price swings. While some analysts are referring to this as the 'Great Bitcoin Crash of 2025,' others view it as a routine correction within a volatile market. Bitcoin's price briefly dipped below $82,000 before rebounding slightly to $83,509.

Altcoins Show Divergent Performance Amid BTC Pressure

In contrast to Bitcoin's slide, several altcoins demonstrated resilience, hinting at a potential reallocation of capital within the crypto ecosystem. Ethereum (ETH), XRP, and Dogecoin (DOGE) notably fared better, with Ethereum rising 0.79 percent and XRP surging 3.17 percent in a 24-hour period. This relative outperformance is reflected in the ALT/BTC ratio, which increased by nearly 9.5 percent in November despite Bitcoin's over 24 percent fall. However, the altcoin market was not uniformly strong; some, like Solana (SOL) and Cardano (ADA), experienced significant declines of 20–35 percent from their November highs, particularly affecting DeFi and small-cap tokens. The Altcoin Season Index, which tracks the performance of the top 100 altcoins relative to Bitcoin, dropped to 25, indicating that only a quarter of these assets have outperformed Bitcoin in the last 90 days.

Milestones in Institutional Adoption for Altcoins

Today marked a significant step forward for institutional engagement with altcoins as Grayscale Investments launched spot ETFs for Dogecoin (GDOG) and XRP (GXRP) on the NYSE Arca. These listings aim to provide mainstream investors with a new, regulated avenue to invest in these cryptocurrencies through traditional brokerage accounts. Franklin Templeton and Grayscale’s XRP ETFs received approval from the US Securities and Exchange Commission (SEC) to commence trading today. This move follows the earlier launch of XRP ETFs by Bitwise and Canary Capital.

In a parallel development, the Singapore Exchange (SGX) Derivatives launched institutional-grade Bitcoin and Ethereum perpetual futures. These contracts offer a continuous, no-expiry structure with robust clearing and margining standards, providing institutional, accredited, and expert investors with regulated exposure to these major digital assets.

Ethereum's Ecosystem on the Rise

Optimism surrounded the Ethereum network today, driven by anticipation of its upcoming Fusaka upgrade, scheduled for December 3. This upgrade is expected to dramatically enhance scalability, efficiency, and reduce transaction costs, especially for Layer 2 networks. Ethereum's price climbed by 3.80 percent to $2,809, reflecting this positive sentiment. The broader Ethereum ecosystem has witnessed a surge in activity throughout November 2025, reaching new all-time highs in decentralized finance (DeFi), non-fungible tokens (NFTs), and Layer 2 network utilization.

Mixed Fortunes for DeFi and NFT Markets

The DeFi sector continues to evolve, with key trends for 2025 focusing on cross-chain interoperability, integration with AI, institutional adoption, and the development of decentralized derivatives markets. The global DeFi market is projected for substantial growth in the coming years. Conversely, the NFT market is facing a significant downturn. Its market capitalization fell to $2.78 billion, reaching its lowest point since April, indicative of waning demand. Similarly, memecoins experienced a sharp plunge, collectively shedding over $5 billion in value within 24 hours.

Evolving Regulatory Landscape

The regulatory environment for cryptocurrencies is seeing some shifts. The US SEC has indicated that cryptocurrencies will no longer be a priority in its 2026 agenda, suggesting a perception of increased market stability. However, the Financial Stability Board (FSB) recently highlighted persistent gaps in international cryptocurrency regulations, raising concerns about investor protection and financial system vulnerabilities. Meanwhile, Switzerland has initiated a consultation on stablecoins and crypto institutions, and Algeria implemented a law on July 24, 2025, criminalizing all crypto-related activities.

Bitget Exchange Activity

Bitget, a prominent Universal Exchange, announced its Black Friday “Invest and Enjoy Equal Bonuses” campaign, running from November 21 to December 1, 2025. This promotion offers various incentives for users engaging in spot-grid trading, including matched rewards and a substantial prize pool. Additionally, Bitget scheduled upgrades for certain spot and futures trading pairs for November 24, 2025, and has been adjusting funding rates and leverage for specific trading pairs.

Today's crypto market underscored its inherent volatility while simultaneously demonstrating ongoing maturation through institutional product launches and significant developmental milestones for key ecosystems like Ethereum.

The AI-summarized content may not be fully accurate. Please verify the information from multiple sources. The above does not constitute investment advice.
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Do you think the price of Dai will rise or fall today?

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Voting data updates every 24 hours. It reflects community predictions on Dai's price trend and should not be considered investment advice.
The following information is included:Dai price prediction, Dai project introduction, development history, and more. Keep reading to gain a deeper understanding of Dai.

Dai price prediction

When is a good time to buy DAI? Should I buy or sell DAI now?

When deciding whether to buy or sell DAI, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget DAI technical analysis can provide you with a reference for trading.
According to the DAI 4h technical analysis, the trading signal is Strong sell.
According to the DAI 1d technical analysis, the trading signal is Sell.
According to the DAI 1w technical analysis, the trading signal is Strong sell.

What will the price of DAI be in 2026?

In 2026, based on a +5% annual growth rate forecast, the price of Dai(DAI) is expected to reach $1.05; based on the predicted price for this year, the cumulative return on investment of investing and holding Dai until the end of 2026 will reach +5%. For more details, check out the Dai price predictions for 2025, 2026, 2030-2050.

What will the price of DAI be in 2030?

In 2030, based on a +5% annual growth rate forecast, the price of Dai(DAI) is expected to reach $1.28; based on the predicted price for this year, the cumulative return on investment of investing and holding Dai until the end of 2030 will reach 27.63%. For more details, check out the Dai price predictions for 2025, 2026, 2030-2050.

About Dai (DAI)

What Is MakerDAO Stablecoin?

MakerDAO Stablecoin (DAI) is a pivotal project within the world of Decentralized Finance (DeFi), having emerged in 2015 following the launch of Ethereum's first mainnet. The dedicated team of developers spent two years crafting the framework that allows for the creation of DAI Stablecoin. MakerDAO, the decentralized autonomous organization behind DAI, ensures its decentralized nature and impartiality.

Additionally, MakerDAO laid the groundwork for lending and borrowing activities on the Ethereum blockchain, with the primary goal of reducing reliance on financial intermediaries and facilitating access to loans.

Unlike USDT or USDC, DAI Stablecoin's value is pegged to the US Dollar at a 1:1 ratio without the need for physical reserves. MakerDAO enables borrowers to generate DAI by depositing collateral. The supported collaterals include Ethereum (ETH), Wrapped Bitcoin (WBTC), ETH-Staked ETH Liquidity Pair on Curve v1 (CRVV1ETHSTETH), Wrapped stETH (WSTETH), and over 10 other cryptocurrencies.

One remarkable aspect of DAI is its status as an algorithmic stablecoin. Its value remains consistently pegged to US$1.00 throughout its existence due to the clever smart contract design of MakerDAO. This design governs which collaterals are accepted, the corresponding collateral ratio, and the destruction of DAI when loans are repaid. As a result, MakerDAO retains control over the circulating supply of DAI and, consequently, its value.

A crucial aspect of DAI Stablecoin's design is overcollateralization. The requirement for collaterals to exceed the amount of DAI issued by more than 100% is essential to mitigate default risk for lenders. This approach directly addresses the volatility of cryptocurrency values, thereby maintaining the peg between DAI and USD and safeguarding the value of lenders' assets.

Resources

Whitepaper: https://makerdao.com/en/whitepaper

Official website: https://makerdao.com/en/

How does MakerDAO Stablecoin work?

Taking out a loan

To initiate the issuance of DAI Stablecoins, a borrower deposits collateral, resulting in the creation of new DAI. Upon returning the original amount of DAI, the borrower's collaterals are returned, and the returned DAI is destroyed to prevent an excessive number of circulating tokens. Due to potential arbitrage activities, the borrower might earn more DAI than the original amount, allowing them to keep the difference.

Liquidation

In cases where a borrower fails to repay the loan in DAI or the collateralization ratio falls below the required level, liquidation occurs. The overcollateralization rule mandates that the collateral-to-DAI ratio must always exceed 100%, for example, 175% for wBTC. This means that if a borrower deposits US$175 in Bitcoin, they'll receive a loan of US$100 in DAI, with the remaining US$75 reserved for the mentioned extreme scenarios. To safeguard the system from impaired loans, anyone can trigger the liquidation function on the contract and receive a percentage of the balance as a reward.

What Determines MakerDAO Stablecoin Price?

The Dai stablecoin, a crucial player in the decentralized finance (DeFi) ecosystem, derives its value from an intricate system that aims to keep the current Dai price in USD as stable as possible. Engineered by MakerDAO, this system of smart contracts on the Ethereum blockchain utilizes Collateralized Debt Positions (CDPs) to determine the Dai value. Users can lock up assets like ETH in these CDPs, which are over-collateralized, thereby ensuring the Dai USD price remains stable. For example, if you were to lock up $300 worth of ETH, you could borrow up to 66% of the collateral's value in Dai, maintaining a collateralization ratio of 150%. This over-collateralization plays a pivotal role in Dai price stability.

If you're ever asking, "What is the current price of Dai?" or "Is the price of Dai going up?", the answer can be found in its robust governance and technical architecture. Real-time Dai price is a complex outcome of smart contracts, governance by MKR token holders, and automated market mechanisms. All these factors contribute to making Dai one of the most reliable assets in the cryptocurrency landscape, often leading to discussions about Dai price prediction for 2023 and beyond. This makes it essential for anyone interested in stablecoins or Dai price analysis to understand the sophisticated systems at play.

Conclusion

In conclusion, MakerDAO Stablecoin (DAI) is a pivotal project in DeFi, offering a decentralized and stable solution pegged to the US Dollar. Its innovative algorithmic design and overcollateralization ensure stability and reliability, making it a driving force in the decentralized financial ecosystem.

It's important to note that like any other cryptocurrencies, MakerDAO Stablecoin carries its own risks and it's always wise to do your own research and exercise caution while investing.

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Bitget Insights

Umi90
Umi90
10h
Stablecoins:The Backbone of Cryptocurrency Stability
Stablecoins are cryptocurrencies designed to maintain a stable value, typically pegged to a fiat currency like the US dollar, a commodity like gold, or a basket of assets. Unlike volatile assets such as Bitcoin, which can swing 10-20% in a day, stablecoins aim for minimal price fluctuation—often holding within 0.1% of their peg. The first major stablecoin, Tether (USDT), launched in 2014 on the Bitcoin blockchain via Omni Layer. Today, the sector exceeds $170 billion in market capitalization (as of late 2025), with over 200 variants.Types of Stablecoins Fiat-Collateralized: Backed 1:1 by reserves in bank accounts or equivalents. Examples: USDT (Tether, ~$120B cap), USDC (Circle, ~$35B cap), BUSD (formerly Binance). Audits verify reserves, though controversies (e.g., Tether's 2019 fine for misleading claims) highlight transparency risks. Crypto-Collateralized: Over-collateralized with other cryptocurrencies (e.g., 150-200% ratio) in smart contracts. DAI (MakerDAO) is the flagship, pegged to USD via Ethereum-based collateral like ETH. This decentralized model avoids fiat custody but introduces liquidation risks during market crashes. Algorithmic (Seigniorage): Maintain peg through supply adjustments via algorithms, without direct collateral. TerraUSD (UST) famously collapsed in May 2022, wiping $40B from the market due to a death spiral. Newer ones like USDD (Tron) use hybrid mechanisms but remain niche and risky. Commodity-Backed: Pegged to gold/silver (e.g., PAXG by Paxos). Less common, with ~$1B total cap. Mechanics and Use CasesStablecoins operate on blockchains like Ethereum, Tron, Solana, and Binance Smart Chain for low-cost transfers (fractions of a cent vs. $20+ for bank wires). Key roles: Trading Pairs: 70-80% of crypto exchange volume involves stablecoins (e.g., BTC/USDT), providing liquidity without exiting to fiat. Remittances: $800B annual market; stablecoins cut fees to <1% and enable instant cross-border transfers. DeFi Yield: Users lend stablecoins on platforms like Aave for 5-15% APY, far above traditional savings. Payments: Adopted by PayPal (PYUSD) and Visa for settlements. Impact on the Crypto MarketStablecoins act as a bridge between traditional finance and crypto, amplifying both growth and risks.Positive Impacts Liquidity Injection: They enable 24/7 trading without fiat on-ramps. During bull runs (e.g., 2021), USDT issuance correlated with Bitcoin highs, as new mints signal capital inflows—often $1B+ weekly. Volatility Hedge: Traders park funds in stablecoins during downturns, preventing mass exits. This stabilized the 2022 bear market, where crypto cap fell 70% but recovered faster than in 2018. Adoption Driver: Institutional entry (e.g., BlackRock's BUIDL fund using USDC) and regulatory clarity (EU's MiCA framework, 2024) have grown the sector 5x since 2020. Stablecoins now handle $10T+ in annual transfer volume, rivaling Visa. DeFi Ecosystem: They power $100B+ in locked value, enabling complex products like flash loans and derivatives. Negative Impacts and Risks Systemic Risk: Concentration in USDT (70% dominance) creates single points of failure. A depeg (e.g., USDC briefly hit $0.87 in 2023 Silicon Valley Bank crisis) can cascade—liquidating $10B+ in positions. Market Manipulation: "Printing" stablecoins has been accused of pumping prices artificially; studies show Tether mints precede BTC rallies by hours. Regulatory Scrutiny: US proposals (2025 Clarity for Payment Stablecoins Act) and global crackdowns target reserves and AML. Bans in China (2021) shifted volume but didn't eliminate them. Contagion Events: UST's failure triggered Three Arrows Capital's bankruptcy, erasing $200B from crypto in weeks. Algorithmic models remain under 1% of supply due to distrust. In summary, stablecoins have matured crypto from speculative gambling into a functional financial system, but their centralized elements import TradFi vulnerabilities. With CBDC competition rising (e.g., digital yuan), their evolution will shape crypto's next decade. Market cap growth from $5B (2019) to $170B underscores their indispensability—yet prudence demands diversified holdings and reserve vigilance.
PYUSD+0.05%
DAI-0.02%
SR-YXW3NNL4
SR-YXW3NNL4
2025/11/20 18:10
DAI/USDC
DAI-0.02%
USDC0.00%
DeFi Planet
DeFi Planet
2025/11/04 16:40
The First Mover: @MakerDAO Launched in 2017, MakerDAO introduced something revolutionary, crypto-backed loans without banks. Users could lock $ETH and mint DAI, a stablecoin pegged to $1. That was the spark that started the DeFi fire.
ETH-1.66%
DAI-0.02%
Tpjoshua
Tpjoshua
2025/11/01 12:08
The Role of Common Cryptocurrencies in the Decentralized Economy
🪙 1. Introduction Define common cryptocurrencies — widely used and recognized digital currencies such as Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). Define the decentralized economy (DeFi/Web3) — an ecosystem that operates without central authorities, using blockchain and smart contracts. State your objective: To explore how common cryptocurrencies serve as the foundation and driving force behind the growth of the decentralized economy. Example thesis statement: Common cryptocurrencies play a pivotal role in the decentralized economy by enabling trustless transactions, powering decentralized applications, and fostering global financial inclusion beyond traditional systems. 🌍 2. Understanding the Decentralized Economy Explain decentralization: No central authority controls transactions or data. The decentralized economy includes: Decentralized Finance (DeFi) Decentralized Autonomous Organizations (DAOs) Non-Fungible Tokens (NFTs) Web3 applications All rely on blockchain and cryptocurrencies for value exchange and governance. 🔗 3. Role of Common Cryptocurrencies a. Medium of Exchange and Store of Value Bitcoin (BTC) acts as digital gold — used for transactions and preserving value. Cryptocurrencies enable peer-to-peer (P2P) payments without intermediaries. Example: El Salvador adopting Bitcoin as legal tender. b. Fuel for Decentralized Applications Ethereum (ETH) powers smart contracts and DApps. Gas fees on Ethereum (paid in ETH) sustain the network and execution of DeFi apps. Enables platforms like Uniswap, Aave, and OpenSea. c. Facilitating Decentralized Finance (DeFi) Cryptocurrencies are used for lending, borrowing, staking, and yield farming. Stablecoins (like USDT and DAI) bridge the gap between crypto and fiat stability. Removes banks as intermediaries, reducing fees and increasing transparency. d. Empowering Digital Ownership and Governance Tokens and cryptocurrencies give users governance rights in DAOs. Example: Holders of tokens like UNI (Uniswap) vote on platform changes. Supports community-driven economies. e. Cross-Border Economic Inclusion Anyone with internet access can participate. Helps freelancers, small businesses, and creators in developing nations join the global market. ⚙️ 4. Advantages of Cryptocurrencies in the Decentralized Economy Transparency: Transactions are recorded publicly on blockchains. Security: Encryption and consensus mechanisms ensure trust. Accessibility: No need for banks or credit systems. Censorship Resistance: Transactions can’t be easily blocked or reversed. ⚠️ 5. Challenges and Risks Volatility of major coins like Bitcoin and Ethereum. Scalability and high transaction fees on some blockchains. Regulatory uncertainty in many countries. Energy consumption (especially in proof-of-work systems). 🔮 6. The Future of the Decentralized Economy Growth of Layer-2 solutions (e.g., Polygon, Lightning Network) for scalability. Rise of cross-chain interoperability — connecting multiple blockchains. Integration with AI, IoT, and tokenized assets. Potential for CBDCs (Central Bank Digital Currencies) to coexist with decentralized crypto. 🧾 7. Conclusion Common cryptocurrencies are the foundation of decentralized finance and governance. They transform how value is created, transferred, and stored globally. As technology and regulation evolve, they’ll likely become integral to the next generation of the global digital economy. 📚
BTC-0.04%
ETH-1.66%

DAI/USD price calculator

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1 DAI = 0.9997 USD. The current price of converting 1 Dai (DAI) to USD is 0.9997. This rate is for reference only.
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Asset-Backed Stablecoin
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Contracts:
0xDA10...9000da1(Arbitrum)
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What is Dai and how does Dai work?

Dai is a popular cryptocurrency. As a peer-to-peer decentralized currency, anyone can store, send, and receive Dai without the need for centralized authority like banks, financial institutions, or other intermediaries.
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FAQ

What is DAI?

DAI is a stablecoin created by MakerDAO. Unlike centralized stablecoins which are backed by fiat currency in a bank account, DAI is over-collateralized by digital assets (e.g., Ethereum) that are locked in a decentralized smart contract system on the Ethereum blockchain.

What is stablecoin?

A stablecoin is a cryptocurrency designed to maintain a consistent value, unlike highly volatile cryptocurrencies like Bitcoin or Ethereum. It's usually tied to a reserve, such as the US dollar, gold, or other assets. The main goal of stablecoins is to blend the advantages of cryptocurrencies, like fast transactions and security, with the stable value of traditional currencies. As a result, they're ideal for daily transactions.

How does DAI maintain its peg to the US dollar?

DAI maintains its peg through a system of Collateralized Debt Positions (CDPs). Users can lock up their assets (like Ethereum) as collateral to generate DAI. If the value of the collateral falls, the system can automatically liquidate (sell off) a portion to ensure DAI remains fully backed. There's also a mechanism where if DAI moves off its peg, the interest rate (called the Stability Fee) for borrowing DAI can be adjusted to incentivize or disincentivize its creation, pushing its price back toward $1.

How is DAI Stablecoin backed?

DAI is backed by a variety of cryptocurrency collaterals. MakerDAO allows borrowers to create DAI by depositing collateral. The types of collateral supported include Ethereum (ETH), Wrapped Bitcoin (WBTC), ETH-Staked ETH Liquidity Pair on Curve v1 (CRVV1ETHSTETH), Wrapped stETH (WSTETH), and over 10 other cryptocurrencies.

How does overcollateralization work in DAI's design?

Overcollateralization ensures that the value of collateral deposited is always more than the amount of DAI issued. For instance, with a 175% collateralization for wBTC, if you deposit US$175 in Bitcoin, you'd receive a loan of US$100 in DAI. This mechanism targets cryptocurrency volatility, maintaining the peg between DAI and USD and safeguarding lenders' assets.

Is DAI a safe investment?

DAI's smart contract has undergone multiple audits, and the system has safeguards like over-collateralization to protect its stability. However, like all crypto projects, there are inherent risks, such as smart contract vulnerabilities or extreme market conditions that could potentially affect the system. Users should always do their own research and perhaps consult financial professionals before making decisions.

What is the current price of Dai?

You can check the current price of Dai on Bitget Exchange or other cryptocurrency tracking sites.

How has the price of Dai changed in the last week?

To find out how the price of Dai has changed in the last week, you should visit Bitget Exchange for the latest price charts.

What factors influence the price of Dai?

The price of Dai is influenced by various factors, including market demand, the stability of the underlying assets, and broader market trends.

Where can I buy Dai at the best price?

You can buy Dai at competitive prices on Bitget Exchange, which often offers trading bonuses.

Is the price of Dai expected to rise or fall in the coming months?

Price predictions for Dai can vary, so it's best to follow market trends and analyses on Bitget Exchange.

How does Dai maintain its peg to the US dollar?

Dai maintains its peg to the US dollar through an over-collateralization mechanism involving Ethereum-based assets.

What is the historical price trend of Dai?

The historical price trend of Dai can be analyzed on Bitget Exchange, where you can view past price movements.

What are the fees for trading Dai on Bitget Exchange?

Trading fees for Dai on Bitget Exchange vary depending on your trading volume and account level; check their fee schedule for details.

Can the price of Dai be affected by major market events?

Yes, major market events can influence the price of Dai, as it is still subject to overall cryptocurrency market sentiments.

Is Dai a good investment for the long term?

Whether Dai is a good long-term investment depends on your investment strategy and risk tolerance; consider doing thorough research before investing.

What is the current price of Dai?

The live price of Dai is $1 per (DAI/USD) with a current market cap of $5,363,667,370.9 USD. Dai's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Dai's current price in real-time and its historical data is available on Bitget.

What is the 24 hour trading volume of Dai?

Over the last 24 hours, the trading volume of Dai is $136.04M.

What is the all-time high of Dai?

The all-time high of Dai is $3.67. This all-time high is highest price for Dai since it was launched.

Can I buy Dai on Bitget?

Yes, Dai is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy guide.

Can I get a steady income from investing in Dai?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Dai with the lowest fee?

Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders. You can trade on the Bitget exchange.

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6. Enter your details, submit a copy of your ID, and take a selfie.
7. Submit your application, and voila, you've completed identity verification!
Buy Dai for 1 USD
A welcome pack worth 6200 USDT for new Bitget users!
Buy Dai now
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