A Decentralized Stablecoin Built by MakerDAO.
- Dai is a decentralized stablecoin built by the MakerDAO platform, operating on the Ethereum blockchain.
- Users may deposit predetermined assets as collateral against which they may print the DAI token.
- Holders of the DAI tokens can earn the Dai Savings Rate (DSR) by locking them into a special smart contract, which is accessible through Oasis Save, a decentralized trading and lending platform built by MakerDAO.
- When users decide to return their printed DAI, they must also pay a stability fee based on interest accrued on the Vault.