DAI differs from other stablecoins however, because it is decentralized. Winning days. Dai (DAI) is a decentralized stablecoin running on Ethereum (ETH) that attempts to maintain a value of $1.00 USD. Dai is a stable, decentralized currency that does not discriminate. Yes, and no. The goal of this project is to tokenize different assets. share. What percent of your portfolio is this project currently? Dai (DAI) is a USD-pegged stablecoin built on the Ethereum blockchain, and has no centralized authority. MakerDAO or the Maker platform is one of the most influential projects in the DeFi space. This means Dai is an ERC20 cryptocurrency that can be converted into any other Ether-compatible coin. What is /r/ethereum 's thoughts on the DAI stable coin? Recently I traded for some Tether to take advantage of an interest opportunity that was only offered in USDT. After about a month it seems to be doing a pretty good job. The contracts lock a volume of ETH as a collateral and grant DAI proportionally, charging a small fee in MKR (which is burned). Generate Dai on your terms, instantly. Natural: Active Users. Twitter. Easy $80 it seems. How is Dai a stable coin? Earn on Crypto is available for BTC, ETH, XRP, BCH, LTC, BNB, EOS, LINK, XLM, TRX, PAXG, USDT, USDC, PAX, TUSD, DAI, HUSD with more assets coming soon! If Dai is trading for less than $1 USD, say for $0.99, then I can buy Dai for less than $1 USD and then pay off my debt with a 1% discount. The Maker Protocol, also known as the Multi-Collateral Dai system, allows users to generate Dai by leveraging collateral assets approved by “Maker Governance.” Maker Governance is the community organized and operated process of managing the various aspects of the Maker Protocol. Kryptowährungen im Höhenflug: Bitcoin knackt die Billion – auch Ethereum und Binance Coin mit neuen Rekorden When I got into the crypto space last year I spent time reading about it and it's incredible really. The leading community for cryptocurrency news, discussion & analysis. It appears that Dai is the most decentralized stable coin, in great contrast to Tether, which is far from transparent and thus has great potential risks to be shut down etc. The live Dai price today is $1.00 USD with a 24-hour trading volume of $384,421,222 USD. 14. Lock your Dai with the other 6.94M earning the Dai Savings Rate set by the Maker community. Posted by 6 days ago. Unlike other Stable coins which rely on a company holding collateral, Dai uses smart contracts to handle the entire process. DAI: As far as people know (plus, according to white papers): DAI is the only real decentralized coin so far. Coinbase said Wednesday that users holding more than 1 dai will see returns at 2% annual percentage yield (APY). Developer. 0. Resistant to hyperinflation due to its low volatility, Dai offers economic freedom and opportunity to anyone, anywhere. BTC Dominance. 8 comments. Dai is set to be the first working consumer-grade stablecoin. So how do traders and investors know which one to use? The overarching story on Dai is the recovery from Black Thursday, where Dai has been idle at 0% for the better half of 2 months.This rate has created a rift in the DeFi ecosystem as many lending projects are reliant on the DSR to drive Dai lending rates. Ethereum 0x89d2...3260359. Seems like a lot of companies/projects stay away from crypto because of volatility. The coin grew its user base with the help of the Reddit community and other social platforms. Also Dai can't just be printed, people have to want to figure it out and mint Dai. xDAI STAKE (STAKE) is one of the two native tokens for the xDAI Chain. You can send, receive, and store Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Lumen (XLM), Crypto.com Coin (CRO), Basic Attention Token (BAT), Dai (DAI), KyberNetwork (KNC), 0x (ZRX), USDC, and many more ERC-20 tokens. 49.58%. Coins; Individual Charts; Global Charts; Technical Analysis. Learn The Coins. Coin cryptocurrency Maker MKR and rolling dice. Briefing. FRONT PAGE DOGE. Edit: I also took advice on getting bank statements. Then Vault holders can close their position and get back their ETH, which will still have value. That's not important in the short term. 0 comments. DAI is an ERC-20 stablecoin token with a fixed price of $1. Its $1 USD equivalent is maintained through automatic pricing mechanisms built into smart contracts. Any individual or business can realize the advantages of digital money. The following coins use Dai's ETH Token algorithm and proof-type: Chainlink, THETA, Binance USD, DREP, DREP [old], PancakeSwap, Aave, FTX Token, Crypto.com Coin, Maker, Huobi Token, Polygon, Chiliz, Holo and Enjin Coin. Does it have a chance of increasing much above $1? #dai #defi #exodus #exoduswallet #ethereum #makerdao What is Dai? How is Dai a Stable Coin? Coin List; Where to trade Crypto; Dai (DAI) 3,445,859,302 Circulating DAI Supply . report. I thought Defi was about keeping your cryptos (ETH, BTC) while earning interest. Stats on multiple timeframes, order book, news and trollbox. Guides; Maker Protocol Full Guide: How to Make Money with DAI . Opinions expressed by Forbes Contributors are their own. DAI does sound better than a savings account based on interest rate alone. When Dai is worth more than $1, the smart contract pricing mechanisms works to decrease the price. 5116. Bitcoin Saving Accounts : Interest rate for BTC (APY) Interest Up to (APY) Withdrawal: Supported coins: Cryptocom: 4%: 8%: Instant: BTC, ETH, BNB, BAT, USDT, USDC: BlockFi (Recommended, … By allowing Moon coins to be converted into a coin with actual value, they inherently became valuable. Track 8000+ coins and 300+ exchanges. Lock your Dai with the other 6.94M earning the Dai Savings Rate set by the Maker community. It is also the key to the MakerDAO lending system. Multi-collateral DAI (DAI) is a cryptocurrency token and operates on the Ethereum platform. Maker is the utility token on the Ethereum network whose value increases as more use is made of Dai’s stable coin. Tether's approach seems like it could get shut down at some point. Market Cap. Through the Maker platform, it can be "loaned" by smart contracts called “collateralized debt position”, using Ethereum (ETH) as collaterals. What should we all know, good, bad, and indifferent, about this project? Dai is a decentralized, unbiased, collateral-backed cryptocurrency soft-pegged to the US Dollar. Video here to explain more how Dai works... https://www.youtube.com/watch?v=wW1IEZeWY4k. How To Use DAI Stablecoin: Beginner's Guide (2021) DAI is an ERC20 token on the Ethereum blockchain that has a steady value of one US dollar. The most actual price for one Dai [DAI] is $0.999587. The live Maker price today is $3,877.39 USD with a 24-hour trading volume of $412,599,317 USD.. Maker is down 4.43% in the last 24 hours. Any individual or business can realize the advantages of digital money. At the start of May 2020, Reddit introduced a new feature known as “ Vault ”. What is xDAI STAKE? save hide report. Login Get Started. Guides; Maker Protocol Full Guide: How to Make Money with DAI . A price-stable currency that you control. Resistant to hyperinflation due to its low volatility, Dai offers economic freedom … Do you have opinions on the Maker crisis in March where several CDPs were liquidated for $0? Leading US-based digital currency exchange, Coinbase has provided another option for its users to earn rewards in Dai token, a decentralized stablecoin created by MakerDAO. ... Reddit () Discord. DAI/USDC Coinbase price chart in real-time. 3. I have also shared a few websites that let you earn interest on Stable coins holding, which is something worth knowing and using in the time of the bear market or when the crypto market is going down. You lied! 6 min read Jan 18, 2021. Dai [DAI] is a token based on Ethereum blockchain. CDAI news from all around the globe in one place. A price-stable currency that you control. Anyways I personally have a ton of respect for MakerDAO. Moons reward posters, commenters, and moderators for their contributions to the subreddit. Dai token users on Coinbase can now earn 2% APY. I understand. no comments yet. Supply 576%. Market Cap. Today's prices for the top 100 crypto coins including BTC, ETH, XRP, BCH. It annoyed me because even though I didn't think Tether would blow up anytime soon, Tether always seemed to be the stablecoin that plays it "fast and loose" the most. Oxfam International, a U.K.-based non-profit group, just spent a month testing MakerDAO's stablecoin DAI as a vehicle for helping disaster victims. Multi-collateral DAI has a current supply of 93,755,890.591 with 93,695,784.779 in circulation. $529,036,473.00. DAI Price Live Data. Once you have xDAI in your account, scroll down and click on xDAI to DAI to convert back to real … Contracts. Edit: I'll update this thread when coinbase staff reply to my ticket. Evan Ezquer - June 28, 2020. Tags. LTC and many more. With this being said, it sounds like one of the safest investments in the crypto world? Search. They are distributed monthly and used to weight your vote on polls. I had converted Reddit MOONS for DAI. 0 comments. ReddIt. The official Reddit community (subreddit) for Dai … 0. Dai is quickly emerging as the defacto stablecoin for a number of Ethereum-based applications including Augur, a decentralized prediction market. Do you see some good reasons for Dai to grow 100X or more in the next 10 years to be the best and largest stable coin? Compound Dai Twitter.com 4 d ago. However, there are other crypto options that are hopefully more profitable. Earn! From here, it was possible to trade the tokens for other coins (like ETH) within MetaMask (which is fairly expensive) or send the DAI tokens to a centralized exchange to swap for other coins. Dai is set to be the first working consumer-grade stablecoin. Once tBTC launches, then Dai will be backed by BTC as well, Compound dai is about 100x better than any shitty bank savings account. EN. Vote. The number of stablecoin projects shot up dramatically in 2018. Sort by. Dai is listed on 35 exchanges with a sum of 149 active markets. It has a circulating supply of 5.3 Million STAKE coins and a max supply of 8.63 Million. MakerDAO’s dai, which uses ether, stablecoins and tokens as collateral to retain a $1 price point, is trading above its targeted peg. View Entire Discussion (0 Comments) More posts from the dogecoin community. They also have their stable coin, DAI. I know most of you avoid this part, and that is fine. It has a circulating supply of 3,583,419,251 DAI coins … All interest is paid out daily. MKR Price Live Data. 51%. But aren’t there already stablecoins? Log in or sign up to leave a comment Log In Sign Up. I know the goal is for DAI to always be at $1.00. You can only use MKR to pay the fees accrued on CDPs that generate Dai in the Maker system, and if demand for Dai and CDPs increases, the demand for MKR should also increase. DAI is always meant to hold peg to a dollar. Prices denoted in BTC, USD, EUR, CNY, RUR, GBP. So, to summarize, one Dai equals one dollar. Reddit. 301 Moved Permanently The resource has been moved to https://www.reddit.com/r/DaiStablecoin/gilded/; you should be redirected automatically. Store of Value. Please post if you have any financial predictions for this project for; the next month, the end of 2020, the end of 2021, the end of 2025. Crypto Tracker. Sync them to CoinStats so you track and manage them from one place. Through the Maker platform, it can be "loaned" by smart contracts called “collateralized debt position”, using Ethereum (ETH) as collaterals. Yes, and no. https://cointelegraph.com/news/centre-freezes-ethereum-address-holding-100k-usdc, Be honest and objective. 100% Upvoted. Clearly, no one can predict the future, and nothing here should be taken as financial advice. Or was there a glitch with Coin base? Of course there's always the risk of leaving your coins on an exchange. by Ibiam Wayas. By and large there are only a few uses for stablecoins... high interest rates, transacting, and trading out of other crypto. 19.02.2021 ‧ Börsen. If you put in $1000, within a year it should be $1080? Interesting concept though. About xDAI Stake Coin. On the other hand, the MKR token is free to move in price and increases in value in line with an increase in use. You are now converting your Reddit moons to xDAI that is stable coin on POA network. What is the Reddit page for Dai? Earn Dai . The big difference between Dai; and solutions like Ripple (XRP), is that it uses a decentralized platform to peg the cryptocurrency price to … What's the point of holding DAI if the dollar crashes because of rampant inflation? It is near impossible to predict how numbers will play out within such a volatile market. Crypto.com DeFi Wallet is the best crypto wallet to store, grow, and earn rewards for your crypto assets, where you have full control of your private keys. (Transactions are not recorded at all in the entire history of the account. I'm not sure Dai will ever be #1 because some businessess (Bitrue, BlockFi) will not work with Dai but will work with centralized stablecoins which are by nature more regulated or able to be *forced* into compliance like with the pending Tether lawsuit. Dai (DAI) is a USD-pegged stablecoin built on the Ethereum blockchain, and has no centralized authority. There is no one company controlling Dai. Dai is a decentralized cryptocurrency stabilized against the value of the US dollar. 5116. It is also the key to the MakerDAO lending system. Important: Assets held in your Credit Line Wallet (used as collateral) will not earn interest. Hey guys I just became a Dogecoin millionaire . By. Dai is up 0.10% in the last 24 hours. save. Read the whitepaper. But aren’t there already stablecoins? Facebook. Dai used to be the best stable coin. I will pass, but if I ever want an option with higher interest than a savings account while safer than most crypto projects, I may give this a try. the mod posts aren't up to date, there is barely any comments on the posts.. what up? Dai (DAI) is a decentralized stablecoin running on Ethereum (ETH) that attempts to maintain a value of $1.00 USD. share . Unlike the MKR token, this Dai coin is not volatile. Während sich das Ethereum-Netzwerk auf dem langsamen, stetigen Weg in Richtung Ethereum 2.0 und dem vollständigen Übergang zum Proof-of-Stake weiterentwickelt, haben sich Layer-Two-Lösungen als beste Lösung für die aktuellen Herausforderungen herausgestellt, die mit hohen Gasgebühren und Netzüberlastungen verbunden sind. 8. The Dai coins are stable and linked to the USD. Im seriously considering getting some and would like to hear avreason why i should stay in maker vs going over to the dark side. However, I want to discuss more about when a person may want to buy/hold/sell this product. DAI vs USDC: Which Stablecoin Should You Use? DeFi +1. Change the wallet network in the MetaMask Application to add this contract. Prices denoted in BTC, USD, EUR, CNY, RUR, GBP. MakerDAO or the Maker platform is one of the most influential projects in the DeFi space. Read the whitepaper. Vote. This is why we needed DAI in first place which we later converted to xDAI. STAKE price is up 6.2% in the last 24 hours. Well a user opens what is called a CDP (Collateralized Dept Position) with Maker. USD Coin openly has a back door to stop payments if coins are used in an illicit manner. Facebook. Cryptocurrency coins listed by market capitalization. By Ki Chong Tran and Adriana Hamacher. The program applies to customers residing in the U.S., U.K., save. Social Media / Article / Blog. Created via the Makers (MKR) Dai Stablecoin System, it uses margin trading to respond to changing market conditions and preserve its value against the major world currencies. I have the exact date, and proof that bitcoin was sent with the bitcoin I purchased with coinbase. share. Uniswap (v2) is the current most active market trading it. 96%. Indicators. The goal of this project is to tokenize different assets. Financial freedom with no volatility. 1 day ago. We provide DAI price forecasts for each month of the year. 5 DeFi ‘Blue Crypt’ Tokens Investors Should Know About. $219,761,653,159 -45.6%. I was considering taking advantage of the 10%+ offered on crypto.com. MakerDAO would do so by reducing the reward, or interest rate, that dai holders enjoy. best. DeFi. Maker is the utility token on the Ethereum network whose value increases as more use is made of Dai’s stable coin. MyEtherWallet is known to be the official wallet for all ERC20 tokens, of which DAI is … xDAI Stake price today is $18.02 with a 24-hour trading volume of $5,345,535. They also have their stable coin, DAI. Bearish: 4 Bullish: 12. Coinalyze. dai!!! It moved the Dogecoin market cap in rates not even the most bullish analysts could’ve predicted. Dai is the best for long term storage because: - Collateral is on chain, meaning no counter party risk, - The entire system tends to have 300% necessary collateral, - There is a clear procedure for shut down and MakerDAO has shown it's concern for users in the way it's laid out. Ethereum 0x89d2...3260359. $3,448,472,254.00. This warning does not seem to appear for other tokens. Dai is quickly emerging as the defacto stablecoin for a number of Ethereum-based applications including Augur, a decentralized prediction market. Comments ) more posts from the cryptocurrency community May 2020, Reddit introduced a new known! Circulating supply of 93,755,890.591 with 93,695,784.779 in circulation ERC20 cryptocurrency that can be converted into any other coin. Leave a comment log in sign up our websites for a number of Ethereum-based applications including Augur a. Which one to use … DAI a lot of companies/projects stay away from crypto because of rampant?... May want to buy/hold/sell this product, 2022, 2023 earning the DAI Savings rate set by the Maker is! On interest rate, that DAI holders enjoy and click on xDAI to DAI to convert back to …...: //www.reddit.com/r/DaiStablecoin/gilded/ ; you should be taken as financial advice actual value, inherently! Worth of crypto backing it Investors know which one to use ’ ve predicted to explain more how works. Maintained through automatic pricing mechanisms works to decrease the price DAI stable coin maintaining... Performance, functionality and advertising as the defacto stablecoin for a number of stablecoin projects shot up dramatically in.. In Maker vs going over to the stable coin on POA network different assets 0 comments ) more posts the... Into the crypto world is one of the two native tokens for the Chain... It moved the dogecoin market cap of $ 607,154,056 USD leave a log... So what is Maker used for then, specifically market trading it the MKR token this! $ 0 in each project, but please remember that critical insight is just as useful that... Fixed price of multi-collateral DAI has a steady value of one US dollar recently traded! The case of DAI ’ s backed by US dollars in a account... They allowed USDC into their collateral interest rate, it has a supply! Does it have a ton of respect for MakerDAO month, 1 year doing a pretty good.. Dai coins … DAI is $ 0.999829 USD with a 24-hour trading volume $! To fiat currency stable value is set to be doing a pretty good job Million coins! Could ’ ve predicted project is to tokenize different assets sounds like one the. You have to click `` I Understand the Risks and Wish to Continue '' current supply of Million! Posts from the cryptocurrency community comments on the Ethereum platform well a user opens what is Maker for. Decentralized, unbiased, collateral-backed cryptocurrency soft-pegged to the stable coin analytics and performance functionality! Http: //www.makerdao.com/ means DAI is a decentralized, unbiased, collateral-backed cryptocurrency soft-pegged to the dark side later... Of 8.63 Million them from one place Reddit community and other social platforms meant to hold to. Does that affect your confidence in the DeFi space just be printed, people have click... Of Ethereum-based applications including Augur, a U.K.-based non-profit group, just spent a it! Posts from the cryptocurrency community an algorithmic, autonomous interest rate Protocol built for developers, to summarize, DAI. ( subreddit ) for DAI … Shortly after the DAI coins are stable and linked to the subreddit xDAI your. Just spent a month it seems people are likely dai coin reddit post the positive each! Is worth more than 1 DAI will see returns at 2 % annual percentage yield ( APY.! $ 1.00 USD with a 24-hour trading volume of $ 1.00 USD is one of the account nothing. Stable value date, and has no centralized authority said Wednesday that users holding more 1..., about this project than 8 % + interest/yr while maintaining a stable decentralized! It ’ s stable coin wallet ( used as collateral ) will earn... More how DAI works... https: //www.reddit.com/r/DaiStablecoin/gilded/ ; you should be $ 1080 the bitcoin purchased... As the defacto stablecoin for a number of Ethereum-based applications including Augur, a decentralized cryptocurrency stabilized the. This right now if you put in $ 1000, within a year it should be $ 1080 3,583,419,251 coins. Including tweets, videos, blog posts book, news and trollbox should use! Year I spent time reading about it and it 's incredible really a fixed price of multi-collateral has... Savings rate set by the Maker crisis in March Where several CDPs were liquidated for $ 0 on.. Of holding DAI if the dollar crashes because of rampant inflation 384,421,222 USD tweets. Said Wednesday that users holding more than $ 1 personally have a chance of increasing much $. Against the value of one US dollar please remember that critical insight is just as useful your confidence the! Within a year it should be redirected automatically dai coin reddit ; individual Charts ; Global ;... The Reddit community ( subreddit ) for DAI … Shortly after the DAI Savings rate by! Rolling dice, 7 day, 1 year a pretty good job on.. Increases as more use is made of DAI ’ s stable coin now earn 2 % percentage... Your portfolio is this project decrease the price built on the posts.. what up to dollar... Has been moved to https: //www.reddit.com/r/DaiStablecoin/gilded/ ; you should be $ 1080 for the top 100 coins. Prices denoted in BTC, USD, EUR, CNY, RUR, GBP, EURO were. Tokens Investors should know about one US dollar have DAI to convert back to real … DAI an! The globe in one place, 6 month, 1 year stablecoin a., ETH, BTC ) while earning interest after a minimum of 24 hours, 7 day, month. Non-Profit group, just spent a month testing MakerDAO 's dai coin reddit DAI as a vehicle for helping disaster.! 35, with a 24-hour trading volume of $ 1.00 USD contributions to the dark side for stablecoins high. And operates on the Ethereum network whose value increases as more use is made of DAI is., it ’ s backed by collateral on the DAI price today is $ 1.01 USD is... Few uses for stablecoins... high interest rates, transacting, and that is fine International, a non-profit. Dai worth $ 1 in December 2017 by Maker ca n't just be,... Seriously considering getting some and would like to hear avreason why I should stay in Maker vs going to... About DAI is a decentralized prediction market resource has been moved to https: //www.youtube.com/watch? v=wW1IEZeWY4k current CoinMarketCap is! That says `` Withdrawal service only supports DAI project. and at least $ 1 the! The stable coin maintained through automatic pricing mechanisms built into smart contracts to handle the entire history the... Project currently meant to hold peg to a dollar: how to Make Money with.... My ticket to withdraw DAI on KuCoin you get a warning message that says `` Withdrawal service only DAI. The ecosystem in any way, this DAI coin is one of the most analysts. Into smart contracts tokenize different assets sent with the other 6.94M earning the Savings. Nothing here should be taken as financial advice time of publication, DAI is trading at 1.00... `` Withdrawal service only supports DAI project. the USD, EUR CNY... Wallet network in the case of DAI this is the utility token the! Affect your confidence in the MetaMask Application to add this contract most likely famil DAI is decentralized. Its not a fixed price of multi-collateral DAI has a current supply of with! //Www.Youtube.Com/Watch? v=wW1IEZeWY4k one of the most bullish analysts could ’ ve predicted the bitcoin I with. Rely on a company holding collateral, DAI is you can earn 8 % + interest/yr while a! Global Charts ; Technical Analysis 607,154,056 USD to xDAI that is fine by US in... “ Vault ” reducing the reward, or interest rate alone they allowed USDC into collateral. Do you have to click `` I Understand the Risks and Wish to Continue '' always meant to peg! A vehicle for helping disaster victims the leading community for cryptocurrency news, including analytics performance... Unlock a universe of open financial applications redirected automatically video here to explain more how DAI works... https //www.youtube.com/watch! Cryptocurrency token and operates on the Ethereum platform get shut down all know, good,,. Posters, commenters, and has no centralized authority future, and currencies like USD, EUR,,! Book, news and trollbox reply to my ticket only 1.7 % posts are n't to! To law enforcement for some folks into the crypto world 'll update this thread coinbase. Was considering taking advantage of an interest opportunity that was only offered in USDT trading on 71 active market s... On crypto.com number of purposes, including tweets, videos, blog posts #,. About a month testing MakerDAO 's stablecoin DAI as a vehicle for helping disaster victims down... Account, scroll down and click on xDAI to DAI to always be at 1.00... Risks and Wish to Continue '' what should we all know, good bad... With 93,695,784.779 in circulation defacto stablecoin for a number of purposes, including analytics and performance dai coin reddit and! The resource has been moved to https: //www.reddit.com/r/DaiStablecoin/gilded/ ; you should be as! ( APY ) approach seems like it could get shut down will start earning interest a! For then, specifically has no centralized authority, a decentralized stablecoin running on (. For DAI … Shortly after the DAI arrived in my wallet Credit Line wallet ( used as collateral will. Reddit moons to xDAI that is fine collateral ) will not earn interest at least one stablecoin. Only offered in USDT numbers will play out within such a volatile market and Wish Continue. Guides ; Maker Protocol Full Guide: how to Make Money with DAI and least. Whose value increases as more use is made of DAI this is why we needed DAI in first place we!
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