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Dai (cryptocurrency)

Dai (cryptocurrency)

Dai is a type of cryptocurrency known as a stablecoin.

Dai is a type of cryptocurrency known as a stablecoin developed by MakerDAO. Dai is a collateral-backed cryptocurrency with the value worth $1 USD. Dai achieves price stability by being backed by a diversified portfolio of other assets of value. MakerDAO is transparent about their collateral backing Dai, and anyone can view information about the locked collateral backing Dai through the companies website, as well as its safety profile.

The Dai cryptocurrency offers a stable store of value within the cryptocurrency marketplace, and also can be used for purchases of other cryptocurrencies or merchants accepting cryptocurrencies at the point of sale. Businesses can use Dai to make loans that have low volatility, are stable, and predictable. Dai also allows business to reduces costs of fees associated with their supply chains and international trades due to low fees associated with using the Dai cryptocurrency.

Timeline

December 18, 2017
Dai becomes the first live cryptocurrency stablecoin

Dai launches on the Ethereum mainnet.

People

Name
Role
LinkedIn

Andy Milenius

Matt Richards

Nikolai Mushegian

Rune Christensen

Soren Peter Nielsen

Further reading

Title
Author
Link
Type
Date

The Dai Stablecoin is a Game Changer for Ethereum and the Entire Cryptocurrency Ecosystem

James Seibel

News

The Dai Stablecoin System

Maker team

Academic paper

https://makerdao.com/whitepaper/DaiDec17WP.pdf

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Samantha Hurst
May 7, 2021
Crowdfund Insider
Click HERE to find out ⭐ BitPay Announces Addition of Dai Stablecoin & Wrapped Bitcoin As Payment Options For Merchant Processing/Cross-Border Transactions. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Shira Ovide
May 3, 2021
www.nytimes.com
Google plans to experiment with new office configurations and more flexibility. Will others follow?
Omar Faridi
April 15, 2021
Crowdfund Insider
Bitcoin, Ethereum active addresses up considerably in past week, but DeFi algorithmic stablecoin FEI fails at recent launch: Report.
March 1, 2021
WebWire
Roku, Inc. (NASDAQ: ROKU) and Nielsen (NYSE: NLSN) today announced a strategic alliance between the two companies that will help shape the future of media measurement and TV advertising in a streaming-first market. Roku has entered into an agreement to acquire Nielsen's Advanced Video Advertising (AVA) business, which includes Nielsen's video automatic content recognition (ACR) and dynamic ad insertion (DAI) technologies. The acquisition will accelerate Roku's launch of an end-to-end DAI s...
360VUZ
December 15, 2020
www.prnewswire.com:443
/PRNewswire/ -- 360VUZ, the immersive video mobile app attracts top international investors and confirms that it secured an additional round of investment to...
360VUZ
December 15, 2020
www.prnewswire.com:443
/PRNewswire/ -- 360VUZ, the immersive video mobile app attracts top international investors and confirms that it secured an additional round of investment to...
December 8, 2020
clinicaltrials.gov
Expanded Access to ZofinTM (OrganicellTM Flow) for Patients With COVID-19 - Full Text View.
Jon Evans
February 19, 2020
TechCrunch
Over the last year or so, much-to-most of the cryptocurrency world has pivoted from the failure of "fat tokens" and ICOs, and the faltering growth of "Layer 2" payments like Lightning and the late Plasma Network, to the new hotness known as "DeFi," which this week was used to ... hack? acquire? steal? It's pretty [...]
Tom Wilson
November 18, 2019
U.S.
Some are backed by dollars. Others by gold. But this "stablecoin" isn't tied to any major asset - it's backed by another cryptocurrency.
Connie Chen
September 24, 2019
Business Insider
New women's workwear startup Dai combines sleek, stylish silhouettes with properties of activewear -- stretchy, breathable, wrinkle-resistant, and machine-washable.
Nicole Jao
December 20, 2018
TechNode
News of ofo CEO Dai Wei's appearance on the blacklist marks another stage in the company's downward spiral.
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