► Our lengthy type overview right here:
► Paxos Normal:
► Gemini Greenback:
► Coinbase USDC:
► Purchase DAI Right here:
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⛓️ 🔗 Useful Hyperlinks 🔗 ⛓️
► Web site:
► Whitepaper:
► Purple Paper:
► CDP Portal:
► Documentation:
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📱️ Socials 📱
► Official Weblog:
► Twitter:
► Telegram:
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📝 Overview 📝
DAI is the stablecoin providing that’s produced by the MakerDAO crew. It makes use of Ethereum good contracts to take care of a peg with the US greenback of 1 to 1.
That is fully decentralised in contrast to the opposite stablecoins that depend on US {dollars} which can be saved in a checking account. It is usually a robust different to tether given the challenges that the coin faces.
DAI retains this 1:1 peg with the US greenback by adjusting the availability of the coin dynamically. The availability will modify as a way to deliver the worth up or down relying on how a lot it strays from $1.
DAI was created by the MakerDAO crew which makes use of the MKR token. The MKR token is used on this ecosystem with regards to governance and voting. It is usually used as a way to pay curiosity to these individuals who have taken out the CDP loans.
DAI was launched in 2017 and has seen rising adoptinon on quite a lot of exchanges. It has additionally been in a position to hold the peg successfully even in excessive market volatility.
It’s presently traded on quite a lot of exchanges together with Coinbase Professional and HitBTC (we might counsel Coinbase Professional)
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📜 Disclaimer 📜
The data contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who will not be a licensed monetary advisor or registered funding advisor. Buying and selling Foreign exchange, cryptocurrencies and CFDs poses appreciable danger of loss. The speaker doesn’t assure any explicit end result.
#Crypto #MakerDAO #DAI #blockchain #Evaluate #Token #stablecoin #ethereum #cryptocurrency
Source: Coin Bureau
16 Responses
guy out here looking at his teleprompter more than the camera. big gains in that department since then
Fantastic video! But, is the DAI linked or backed by the USD or only uses the USD $1 as a reference?
You have grown in 2 years😄
Hi Guy, Just wondering if and with crypto fall including Bitcoin, Ether, Ada, etc … it is a good idea to convert in DAI before? I am a Coinbase user from Canada and I can't move to USDC neither any other stablecoin except DAI. Need help here
.
1) Is there a Dai wallet that’s not attached to a crypto app like Coinbase?
2) How can I use it? P2P Payments; Tipping?
3) Is Dai better than Tether, USDC?
Thank you to anyone who can help me!
Dai works perfect with pooltogether
Seems like this could be a tax nightmare assuming that you can have a capital gain on the purchase and sale the MKR, and if you've traded it for DAI and then make money based on how you redeem your MKR collateral you have another gain (or interest) that should be taxed. Am I overthinking this?
can dai coin change from 1 dollar to 3 dollar? is it posible?
Have you guys seen USDQ? What do you think?
If DAI it generated and burnt at an "equal ratio" to keep it's parity with 1 USD. How is new DAI available, what generates more volume?
Hey Guy, thanks, simple question: DAI is still pegged to USD 1:1, in case USD would crash, would DAI crash along with it?
Solves many of the problems with a fiat backed stablecoin but it also seems that backing a stable coin with other cryptocurrency makes the stability of the coin dependant on the crypto atmosphere. If there is a systemic collapse of crypto, wouldn't this strategy mean DAI is built on a foundation of sand? Or is that the same thing even for stable coins that at backed by actual USD currency? In the event of a ubiquitous crypto crash, are fiat backed stablecoins more likely to keep their value?
So the price of Dai will always stay around $1? As an investor I take it one might sell BTC for Dai at times when BTC is ready for a downwards correction?
makerdao is stable maker not
How’s it going? Can I ask, what’s in a hodl when you can stabilise your assets using Dai.
Great keep up the good work. Waiting on more vids .. I’m so sold on DAI , exchanging my USDC for DAI