{"id":5367,"date":"2023-09-21T05:57:19","date_gmt":"2023-09-21T05:57:19","guid":{"rendered":"https:\/\/realacademy.io\/?p=5367"},"modified":"2023-09-21T05:57:21","modified_gmt":"2023-09-21T05:57:21","slug":"dai","status":"publish","type":"post","link":"https:\/\/realacademy.io\/index.php\/2023\/09\/21\/dai\/","title":{"rendered":"DAI"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"5367\" class=\"elementor elementor-5367\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6350227 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6350227\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2fcba26\" data-id=\"2fcba26\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-da9f4bc elementor-widget elementor-widget-image\" data-id=\"da9f4bc\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.19.0 - 07-02-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"896\" height=\"400\" src=\"https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/DAI_ALL_graph_coinmarketcap.jpg\" class=\"attachment-large size-large wp-image-5370\" alt=\"\" srcset=\"https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/DAI_ALL_graph_coinmarketcap.jpg 896w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/DAI_ALL_graph_coinmarketcap-300x134.jpg 300w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/DAI_ALL_graph_coinmarketcap-768x343.jpg 768w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/DAI_ALL_graph_coinmarketcap-510x228.jpg 510w\" sizes=\"(max-width: 896px) 100vw, 896px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">DAI Price action since launch<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b04e4a1 blog-heading elementor-widget elementor-widget-text-editor\" data-id=\"b04e4a1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.19.0 - 07-02-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>DAI Price Stats<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-54468a0 blog-bullets elementor-widget elementor-widget-text-editor\" data-id=\"54468a0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul>\n<li>\n<p><span style=\"font-weight: 400;\">Market Cap: $6,131,610,945<\/span><\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: 400;\">Circulating Supply: 6,119,926,282<\/span><\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: 400;\">Supply Cap: 6,119,926,282<\/span><\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: 400;\">All-Time High: $1.22 -17.8% March 13, 2020<\/span><\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: 400;\">All-Time Low: $0.903243 10.9% November 25, 2019<\/span><\/p>\n<\/li>\n<\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fa2f54c blog-heading elementor-widget elementor-widget-text-editor\" data-id=\"fa2f54c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>A Brief History of DAI<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ddce359 blog-text-content elementor-widget elementor-widget-text-editor\" data-id=\"ddce359\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">DAI is a crypto asset that that is built on the Ethereum blockchain. It maintains a stable 1:1 value with the U.S. dollar by locking other crypto assets in contracts. It was launched in December 2017 and its price today is $1.00. There is a circulating supply of 6.1 Billion DAI coins and a total supply of 6.12 Billion. For DAI to maintain a stable value of $1, the Maker protocol implements game theory. The protocol smartly maintains and balances the economic incentives to constantly keep the value of Dai near $1. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Whenever the value of Dai goes below $1, the protocol incentivizes users to increase the price. On the contrary, if and when the value of Dai goes above $1, the incentives work the other way around.<\/span><\/p>\n<p>\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-03cf1ba elementor-widget elementor-widget-image\" data-id=\"03cf1ba\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1020\" height=\"752\" src=\"https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/35KR4KB2PBDWPD6NVRWWXBDO4Q-1024x755.jpg\" class=\"attachment-large size-large wp-image-5375\" alt=\"\" srcset=\"https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/35KR4KB2PBDWPD6NVRWWXBDO4Q-1024x755.jpg 1024w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/35KR4KB2PBDWPD6NVRWWXBDO4Q-300x221.jpg 300w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/35KR4KB2PBDWPD6NVRWWXBDO4Q-768x566.jpg 768w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/35KR4KB2PBDWPD6NVRWWXBDO4Q-510x376.jpg 510w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/35KR4KB2PBDWPD6NVRWWXBDO4Q.jpg 1143w\" sizes=\"(max-width: 1020px) 100vw, 1020px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Rune Christensen - The founder of MakerDao and a collaborator in the creation of DAI<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c3b0655 blog-heading elementor-widget elementor-widget-text-editor\" data-id=\"c3b0655\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The DAI Team<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-46c1711 blog-text-content elementor-widget elementor-widget-text-editor\" data-id=\"46c1711\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">One of the defining features of DAI is that it wasn\u2019t created by any single person or a small group of co-founders. Instead, the development of the software that powers it and the issuance of new tokens is governed by the MakerDAO and Maker Protocol.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">MakerDAO was first introduced in 2015 by CEO-founder Rune Christensen, and the Maker Protocol architecture underlying the DAI stable coin was launched in December 2017.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fd71226 elementor-widget elementor-widget-image\" data-id=\"fd71226\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1020\" height=\"568\" src=\"https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/7ef2aa00643647a99bb7c8ebf184bf6a-1024x570.png\" class=\"attachment-large size-large wp-image-5378\" alt=\"\" srcset=\"https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/7ef2aa00643647a99bb7c8ebf184bf6a-1024x570.png 1024w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/7ef2aa00643647a99bb7c8ebf184bf6a-300x167.png 300w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/7ef2aa00643647a99bb7c8ebf184bf6a-768x427.png 768w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/7ef2aa00643647a99bb7c8ebf184bf6a-1536x854.png 1536w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/7ef2aa00643647a99bb7c8ebf184bf6a-510x284.png 510w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/7ef2aa00643647a99bb7c8ebf184bf6a.png 1600w\" sizes=\"(max-width: 1020px) 100vw, 1020px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-79ffa27 blog-heading elementor-widget elementor-widget-text-editor\" data-id=\"79ffa27\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Advantages of DAI<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-422adf6 blog-bullets elementor-widget elementor-widget-text-editor\" data-id=\"422adf6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Backed by the US Dollar, which means that DAI remains stable if the value of USD remains stable<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">DAI makes international trade easier and more cost-effective.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The supply of DAI cannot be altered by any party in the network, which offers complete transparency and security.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Transparent, secure, and transferable within the Ethereum ecosystem.<\/span><\/li>\n<\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8609aa5 blog-heading elementor-widget elementor-widget-text-editor\" data-id=\"8609aa5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Disadvantages of DAI<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-15e1826 blog-bullets elementor-widget elementor-widget-text-editor\" data-id=\"15e1826\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul>\n<li aria-level=\"1\">Backed by a depreciating US dollar, which means DAI purchasing power diminishes like the US dollar over time.<\/li>\n<li aria-level=\"1\">The slow global de-dollarization process will make DAI less saleable.<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Its crypto-collateralized Dai can fluctuate.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">There is a lot of competition amongst various stable coins.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">DAI cannot be mined.<\/span><\/li>\n<\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1e55727 elementor-widget elementor-widget-image\" data-id=\"1e55727\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1020\" height=\"765\" src=\"https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/Argentina-with-DAI-1024x768.png\" class=\"attachment-large size-large wp-image-5377\" alt=\"\" srcset=\"https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/Argentina-with-DAI-1024x768.png 1024w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/Argentina-with-DAI-300x225.png 300w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/Argentina-with-DAI-768x576.png 768w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/Argentina-with-DAI-1536x1152.png 1536w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/Argentina-with-DAI-510x383.png 510w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/Argentina-with-DAI.png 1600w\" sizes=\"(max-width: 1020px) 100vw, 1020px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4e5e909 blog-heading elementor-widget elementor-widget-text-editor\" data-id=\"4e5e909\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Use Cases of DAI<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0b658b3 blog-bullets elementor-widget elementor-widget-text-editor\" data-id=\"0b658b3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Hedge against volatility: Perhaps, the most popular use case of the DAI is to hedge against crypto market volatility (i.e. the price instability of regular digital currencies). Cryptocurrencies like Bitcoin and Ethereum are known for their ever-fluctuating prices.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Lending: Another major use case of the DAI is its lending functionality. Investment in cryptos for regular traders simply means holding certain digital assets in hopes that they appreciate over a period of time. However, we live in a world of uncertainties. One could need to tend to other financial responsibilities requiring that a user liquidates their position prematurely.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\">Medium of exchange: <span style=\"font-weight: 400;\">With DAI having solved price volatility issues in the world of cryptocurrencies, it presents itself as a convenient, fast, and low-cost remittance medium of exchange. Although cryptocurrencies have not attained widespread usage like most national fiat currencies, DAI can be used for overseas payment transactions in a peer-to-peer manner as well as a payment method for goods and services \u2013 regardless of the transaction volume.<\/span><\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7f994c8 blog-heading elementor-widget elementor-widget-text-editor\" data-id=\"7f994c8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Summary<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-04c6675 blog-text-content elementor-widget elementor-widget-text-editor\" data-id=\"04c6675\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Dai is a stablecoin cryptocurrency on the Ethereum blockchain. It aims to keep its value as close to one United States dollar as possible through a system of smart contracts and the decentralized participants that those contracts incentivize to perform maintenance and governance functions.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d9e1493 elementor-widget elementor-widget-text-editor\" data-id=\"d9e1493\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><em>Sources:<\/em><\/p><p>https:\/\/www.coinbase.com\/price\/dai<\/p><p><blockquote class=\"wp-embedded-content\" data-secret=\"e6ApnJbQ3a\"><a href=\"https:\/\/sashares.co.za\/dai-review\/\">DAI Reviewed<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;DAI Reviewed&#8221; &#8212; SA Shares\" src=\"https:\/\/sashares.co.za\/dai-review\/embed\/#?secret=dmjEA6eSmq#?secret=e6ApnJbQ3a\" data-secret=\"e6ApnJbQ3a\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p><p><a href=\"https:\/\/cryptowallet.com\/academy\/dai-use-case\/\"><span style=\"font-weight: 400;\">https:\/\/cryptowallet.com\/academy\/dai-use-case\/<\/span><\/a><\/p><p>\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Dai is a stablecoin cryptocurrency on the Ethereum blockchain. It aims to keep its value as close to one United States dollar as possible through a system of smart contracts and the decentralized participants that those contracts incentivize to perform maintenance and governance functions.<\/p>\n","protected":false},"author":1,"featured_media":5368,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>DAI - Real Crypto Academy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/realacademy.io\/index.php\/2023\/09\/21\/dai\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DAI - Real Crypto Academy\" \/>\n<meta property=\"og:description\" content=\"Dai is a stablecoin cryptocurrency on the Ethereum blockchain. 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