What is DAI?
Date launched: December 2017
Dai (DAI) is a stablecoin linked to the value of the U.S. dollar. To maintain its price stability, DAI’s value is regulated by MakerDAO, its decentralized governance community.
How to use?
While actual DAI stablecoins are produced via its Maker Protocol platform that accepts various cryptocurrencies as collateral, DAI can also be bought directly using fiat money (like the U.S. dollar) on most regulated crypto exchanges
Maker Protocol is the foundational system developed by DAI creator Rune Christensen. It allows anyone in the world to produce the DAI stablecoin using a variety of cryptocurrencies as collateral.
There is no supply cap