About Dai (DAI)

What is Dai (DAI) in crypto?

Dai’s a decentralized USD-pegged stablecoin on Ethereum, run by the MakerDAO community. It isn’t printed by a company — anyone can mint it by locking crypto like ETH or USDC. Think of it as a dollar made from code, not cash. Since 2017, it’s quietly kept DeFi running. No CEO, no bank, just math holding the peg. It’s held steady through storms, not perfectly, but enough to earn its place.

Is there a limit to how many DAI tokens can exist?

Not really. DAI’s supply expands and contracts as users mint or repay. Each coin is backed by over-collateralized debt — nothing’s printed out of thin air. The model’s elastic, almost alive. When markets heat up, supply grows; when they cool, DAI disappears. That flexibility keeps it relevant but fragile. There’s no hard cap, just the limits of risk and human caution. You might say DAI breathes with the market.

Does DAI have vesting or token unlocks?

No, and that’s part of its charm. DAI wasn’t pre-mined or reserved for insiders. Anyone can mint it anytime, by locking assets and taking on debt. No vesting cliffs, no marketing unlocks, no hidden calendars. The token exists only when people use it. That neutrality feels rare in crypto — no founder stash waiting to drop. Just open access and a clean, mechanical fairness baked into the protocol itself.

Did DAI ever do fundraising or an ICO?

Nope, not directly. DAI never raised a cent — MakerDAO did through MKR sales. DAI was the outcome, not the product. Those early MKR rounds built the ecosystem, paying for devs, audits, and infrastructure. It’s worth noting how unusual that was back then. While other coins hyped ICOs, DAI simply launched and earned trust the slow way. Quiet, consistent performance did what marketing couldn’t.

Where can you trade or use DAI?

Everywhere that matters. Binance, MEXC, and Gate.io list DAI/USDT or DAI/USDC pairs, while DeFi platforms like Uniswap, Curve, and Aave use it daily. You’ll find it on Arbitrum, Base, and beyond. It’s integrated so deeply it’s hard to avoid. Most protocols treat DAI as the neutral middle ground — a quiet constant in a noisy market. Not glamorous, but essential, like plumbing that just works.

Can you earn yield on DAI holdings?

Yes, through the DAI Savings Rate (DSR) — a built-in contract that pays variable interest. Maker governance adjusts the rate based on system health. It’s DeFi’s version of a savings account, minus the bank. The yield’s modest, but transparent and native. No intermediaries, no rehypothecation risk. Still, the rate shifts fast, so it’s not a set-and-forget play. You park DAI, earn a bit, and stay fully on-chain.

What’s next on Dai’s roadmap?

There’s no single roadmap — just steady evolution. MakerDAO runs by vote, upgrading collateral types and risk parameters as it goes. The Endgame Plan aims to make DAI more autonomous, blending crypto collateral with real-world assets. Progress is slow but deliberate. That’s kind of the point — decentralization takes patience. You might not see fireworks, but you’ll see foundations that hold.

What risks come with using DAI?

Smart-contract flaws, collateral crashes, or oracle errors — all part of the DeFi terrain. If things spiral, MKR holders cover losses through auctions. Regulation’s another looming risk; stablecoins are under the microscope everywhere. Still, DAI’s over-collateralization gives it breathing room. It’s transparent to a fault — both strength and weakness. When stress hits, everything’s visible, which is messy but honest.