By CoinList

Dai DAI

A decentralized stablecoin created by MakerDAO
Profile

Dai is collateral-backed money whose value is pegged to the US Dollar and kept stable through a framework of aligned financial incentives. The Dai token lives on the Ethereum blockchain; its stability is unmediated by any central party, and its solvency does not rely on any trusted counterparties. All circulating Dai are generated from Maker Vaults and are backed by a surplus of collateral assets. Dai is used in the same manner as any other cryptocurrency: It can be freely sent to others, used as payments for goods and services, be held as a hedge against market volatility, etc.

Recent News
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Decentralization 'absolutely essential' in building crypto capital markets
Apr 25 · Coin Telegraph · If crypto capital markets have a chance of becoming an institutional reality, decentralization will be one of the key aspects according to one industry insider.
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S&P 500 Must End The Week Above This Annual Pivot Level To Avoid Having A Negative Chart
Apr 22 · Forbes · (Photo Illustration by Omar Marques) SOPA Images/LightRocket via Getty Images The SP 500 Index (SPX) traded as low as 4,370 on April 18 but closed above its annual pivot at 4,383.
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Outlook on the Health Insurance Global Market to 2027 - Increased Demand for Quality Private Care Presents Opportunities
Apr 22 · PR Newswire · DUBLIN, April 22, 2022 /PRNewswire/ -- 
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The Family of Ken Kragen Teams with Cosmic Wire and OneOf to Release Hands for Humanity - The NFT Collection
Apr 22 · PR Newswire · In 2019, Kragen was asked by BuzzFeed if he could envision a reprise of Hands Across America.
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Derivatives exchange dYdX to become '100% decentralized by EOY'
Apr 21 · Coin Telegraph · Ethereum Layer 2-based crypto derivatives trading platform dYdX has vowed to become “100% decentralized by EOY” via the protocol's V4 update.
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