Instadapp DAI IDAI

Instadapp is a platform that offers various features and services in the DeFi space. It does not have a specific cryptocurrency called Instadapp DAI. However, Instadapp supports the use of DAI, which is a stablecoin in the cryptocurrency market. DAI is unique compared to other cryptocurrencies because it is designed to maintain a stable value of 1 USD. This stability is achieved through a system of collateralized debt positions (CDPs) and smart contracts on the Ethereum blockchain. DAI offers users the ability to transact and store value without the volatility typically associated with other cryptocurrencies.