Project basic information

Issue Time:2019.11

Total Supply:6 474 952 202

Circulation: 6 474 951 714

White paper: https://makerdao.com/en/whitepaper/

Website:https://makerdao.com

Block Explorer: https://etherscan.io/

Project Introduction

DAI is a stable coin  based on Ethereum, the release and development of which is managed by Maker Protocol and decentralized autonomous organization MakerDAO.The price of DAI is pegged to the US dollar and is provided by a set of other cryptocurrencies that are deposited into smart contract vaults every time new DAI are issued.It is important to distinguish between multi-Collateral DAI (Multi-Collateral DAI) and Single-Collateral DAI (Single-Collateral DAI, SAI), an earlier version of the token that could be secured with only one cryptocurrency; SAI also does not support the DAI savings rate, which allows users to earn savings by storing DAI tokens.The multi-dock DAI was launched in November 2019.