Dai is the largest decentralized stable currency on Ethereum, developed and managed by MakerDAO, and is the infrastructure for decentralized Finance (DeFi). Dai is issued by the full mortgage of the assets on the chain, which is anchored with the US dollar at a ratio of 1:1, with 1Dai = 1 US dollar. Individuals and businesses can obtain safe haven assets and working capital by exchanging Dai or mortgage Dai. Dai has been applied in mortgage, margin trading, international transfer and supply chain finance.
Maker protocol, also known as multi collateral Dai (MCD) system, allows users to generate Dai by using collateral assets approved by "Maker Governance". Maker governance is a process of community organization and operation, which is used to manage all aspects of maker protocol. Dai is a decentralized, unbiased, mortgage-backed cryptocurrency linked to the dollar. Dai's low volatility can resist hyperinflation and provide economic freedom and opportunity for anyone anywhere.
Full Name in English：Dai Stablecoin
Full Name in Chinese：/
Investor/Institution：2020 Ventures、SNZ Holding、LuneX Ventures、Block0、1confirmation、Starchain Capital、a16z Crypto、Placeholder VC、Collaborative Fund、Wyre Capital、IOSG Venture、Fabric Ventures
Distribution date: December 25, 2017
White Paper Link：https://makerdao.com/whitepaper/DaiDec17WP.pdf
Disclaimer: this introduction derives from the white paper and other official information released by the official project team so that investors can better understand the token and the corresponding project. The content of this paper is obtained through legal channels to ensure the reliability, accuracy and completeness of the information as far as possible, but the accuracy and completeness of the information mentioned in the report are not completely guaranteed. The content of this paper cannot be used as the basis for investment research decisions, moral, responsibility and legal basis or evidence, whether explicitly or implicitly.