DAI[hts]

Dai Stablecoin

Hedera › SaucerSwap0.0.1055477

Unclaimed: no project team has verified this token on Hedex yet. Logo and details come from SaucerSwap.

DAI is an Ethereum-based stablecoin (stable-price cryptocurrency) whose issuance and development is managed by the Maker Protocol and the MakerDAO decentralized autonomous organization. The price of DAI is soft-pegged to the U.S. dollar and is collateralized by a mix of other cryptocurrencies that are deposited into smart contract vaults every time new DAI is minted. It is important to differentiate between Multi-Collateral DAI and Single-Collateral DAI (SAI), an earlier version of the token that could only be collateralized by a single cryptocurrency; SAI also doesn’t support the DAI Savings Rate, which allows users to earn savings by holding DAI tokens. Note: the [hts] subscript denotes that this asset has been bridged through hashport.