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The Dai cryptocurrency is a stablecoin with its price stabilized relative to the value of the
U.S. dollar. It was created by the Dai Stablecoin System, makers of a decentralized platform
running on the Ethereum blockchain. For price stabilization, it uses a dynamic system of
Collateralized Debt Positions (CDPs), autonomous feedback mechanisms and appropriately
incentivized external actors.
Generating Dai is possible through the Maker platform with leveraged Ethereum assets and can be used as any other cryptocurrency. Its generation of stablecoins creates the components needed for a robust decentralized margin trading platform.
Generating Dai is possible through the Maker platform with leveraged Ethereum assets and can be used as any other cryptocurrency. Its generation of stablecoins creates the components needed for a robust decentralized margin trading platform.