What is DAI? An in-depth explanation of the price-stablecoin! The latest edition for 2024
Table of Contents
- 1. what is DAI?
- 2. basic information about DAI
- 3. information on DAI applications
- 4. other information about DAI
- 5. related links
- Related links in the site
1. what is DAI?
Bitcoin and other virtual currencies are subject to extreme price volatility, making them risky investments. Therefore, attention has been focused on the stable price ofstable coinIt is.
DAI is one of theOne of the most popular stable coinsDAI. Pegged to the U.S. dollar, it is designed so that 1 DAI is always worth $1.
While most conventional stable coins are issued against assets such as legal tender or gold, DAIIssued against virtual currencyThis is unique in that it is
This article details the features, structure, purchase method, and future prospects of DAI, and provides an easy-to-understand introduction to the virtual currency for beginners.
2. basic information about DAI
Virtual Currency Names and Overview
DAI is a stablecoin issued by a decentralized autonomous organization (DAO) called MakerDAO. It runs on the Ethereum blockchain and its price is stabilized by smart contracts.
Number of Copies Issued and Supply
The number of DAIs issued is controlled by MakerDAO's smart contract, and the supply fluctuates according to market demand.
Technical Mechanisms
DAIs are issued through a mechanism called **Collateralized Debt Position (CDP)**. Users can borrow DAI by depositing virtual currency such as Ethereum as collateral.
Through this mechanism, the supply of DAI is automatically adjusted in response to market demand, thus maintaining price stability.
Development Team and Community
DAI is,Maker FoundationThe Maker Foundation provides technical development, community support, and educational activities to help promote and grow DAI.
DAI is supported by an active community, with lively discussions taking place in forums and social media.
3. information on DAI applications
How to purchase and store
DAI is a member of Binance, Coinbase, Kraken, and others.Major Virtual Currency ExchangesYou can purchase them at
As for storage,Virtual currency wallets such as MetaMask and Ledgerto be used.
Use Cases and Future Prospects
DAI is used in the following use cases
- Settlement: (1) High price stability makes it easy to use as a means of payment
- Investments: Investment Available for lending and staking on DeFi (decentralized finance) platforms
- Remittance: (1) Can be used for cross-border remittances
DAI is expected to expand its scope of use further as DeFi grows.
Competitive Comparison
DAI's main competitors include stable coins such as Tether (USDT) and USD Coin (USDC).
DAI compared to other stable coins,decentralizationThe advantage is that they are being Also,transparencyis high and audits are conducted regularly.
Risks and Cautions
DAI is a stablecoin with an emphasis on price stability, but it is not completely risk-free.
- Risk of price fluctuations: (1) The price of DAI may deviate from $1 due to changes in market conditions or other factors.
- Smart Contract Risks:. There is a risk of loss due to attacks that exploit bugs or vulnerabilities in smart contracts.
- Risk of pledged assets: (1) If the price of the collateral asset declines, the value of the DAI may decline.
Expert opinion and evaluation
Many experts believe that DAIStablecoin with future potentialIt is evaluated as a
- decentralizationThe risk of a single point of failure is low because of the
- transparencyis high and audits are conducted regularly.
- DeFiGood with
4. other information about DAI
Latest News
- MakerDAO is working to diversify DAI collateral assets and diversify risk.
- DAI is increasingly being used on the DeFi platform and the volume of transactions is increasing.
Roadmap
MakerDAO is the DAI'sscalabilityandsecurityWe are developing ways to improve the
FAQ
- Where can I purchase DAI?
- It can be purchased on major virtual currency exchanges such as Binance, Coinbase, and Kraken.
- How should I store my DAI?
- It can be stored in virtual currency wallets such as MetaMask or Ledger.
- What is the future of DAI?
- As DeFi grows, the scope of its use is expected to expand further.
5. related links
- MakerDAO official website:. https://makerdao.com/
- DAI White Papers:. https://makerdao.com/whitepaper/
Source of the article created
- MakerDAO official website
- DAI White Papers
- Website of each virtual currency exchange
- Virtual currency related news sites
Disclaimer: The following is a list of all the information that can be found on the website. This article is for informational purposes only and is not investment advice. Investing in virtual currency involves risk. Please use your own judgment when making investments at your own risk.
English 
日本語