Source: DAIUSD Chart by TradingView
Dai (DAI) is a cryptocurrency token and operates on the Ethereum platform. Multi-Collateral Dai, brings a lot of new and exciting features, such as support for new CDP collateral types and Dai Savings Rate.
Aave proposes stablecoin to rival MakerDAO’s DAI
The proposed stablecoin GHO will be overcollateralized, pegged to the U.S. dollar, and backed by Aave Protocol collaterals.
MakerDAO votes to disable Aave DAI deposit to stave off Celsius risks
MakerDAO’s decision is tied to the fact that half of DAI borrowed on Aave was from Celsius, which is currently facing liquidity issues.
Bitcoin price consolidates while daily active addresses see strong growth
The market price of bitcoin is consolidating above $38,000, but stays closely correlated to the stock market. At the same time, the number of daily active addresses is steadily growing, as is the supply of stablecoins.
Here’s how stablecoins like DAI made an impact in the DeFi space
Stablecoins like DAI have made a huge splash in the 'DeFi' summer of 2020.
President and COO
Head of Engineering
Head of People Success
All images, branding and wording is copyright of Dai. All content on this page is used for informational purposes only. CryptoSlate has no affiliation or relationship with the coins, projects or people mentioned on this page. Data is provided by CoinMarketCap, Coinpaprika and TradingView.