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DAI

DAI (DAI)

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Got questions?

We tell you everything you need to know

What is DAI?

DAI is a cryptocurrency known as a 'stablecoin' that is designed to maintain its value close to the US dollar (USD).

How is DAI backed?

DAI is backed by a variety of crypto assets used as collateral, such as Ethereum (ETH). These assets are locked in smart contracts to back the value of DAI.

What is the collateral for DAI?

The collateral for DAI can be Ethereum (ETH) or other accepted assets. However, ETH is the most commonly used collateral.

How does DAI work?

DAI maintains its value through smart contracts. Users lock assets to create DAI. If the asset value falls, it adjusts by minting or burning DAI.

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