WHAT IS DAI
Dai is the fourth largest stablecoinwith around five percent market shareand. around a $6.5 Billion USD market cap.
Although,
Dai is soft pegged to USD,unlike USDT,
a mix of other cryptocurrencies. based by theMaker protocol and the MakerDAODecentralized Autonomous Organization.
created by any single personor a small group of co-foundersinstead.
The development of the softwarethat powers it and theissuance of the new tokensis governed
by the MakerDAO and Maker protocol.
MakerDAO is a Decentralized Autonomous Organization- a kind of company.
that runs itself in a decentralized mannervia the use of smart contracts on the ethereum blockchain.
the day Dai cryptocurrency is a decentralized stable coin designed to be used.
as a medium of exchange without the need for a central Authority .
or government it is the native currency of the mecca do Platform and is one of the most popular stable coins
crypto
in the crypto currency space DIE is a unique crypto currency.
in that it uses a decentralized system of collateralized debt positions cdps to back its value allowing it to remain stable.
relative to the US dollar the die crypto currency has seen tremendous growth .since its launch in 2017 by crypto currency.as a source of collateral for various Financial products including decentralized lending platforms.
and other defy products it is also in many decentralized applications CRYPTO.
in the near future looking ahead to 2023 that will likely remain one of the most popular stable coins in the crypto space.this is best website for crypto currency.
US over the next three years however it is possible that the diet token will appreciate in value if the demand.for decentralized financial products and services continues to grow this could result in the diet talking appreciating.
in value relative to the US dollar making it an attractive investment option for those looking to gain exposure to the cryptocurrency market.in addition to its growing use as a medium of Exchange.
that is expected to become an
integral part of the decentralized finance the defy ecosystem over the next three years.
it is likely that more top US.
of the diet token allowing users to access a US.
wide range of financial services without relying on a central Authority or government.this could lead to diet becoming a key component of ]the defy ecosystem which could further drive up its demand and price.
overall it is likely that there will remain one of the most.
popular stable coins in the cryptocurrency space over the next three years and its value is.