What is Dai coin (DAI)?


What is Dai coin (DAI)?

DAI was founded in 2020 by Sergej Kunz and Anton Bukov both with extensive experience in the cryptocurrency industry. Kunz worked as a senior developer at the Commerce Connector price aggregator, while Bukov has specialized as a software developer since 2002 and has worked in decentralized finance since 2017.

Dai coin (DAI) represents a new generation ecosystem aimed at playing the role of aggregator within the DeFi market, a sort of digital analyzer able to search and propose the best solutions on DeFi protocols automatically.

Through the synergy of different decentralized protocols, the DAI network makes it possible to identify the potentially most efficient operations within the market through its internal functions. The efficiency of an operation means that it is more protected, faster, and more profitable through protocols based on DeFi.

Talking about DeFi finance means focusing on a sector that aims to revolutionize traditional aspects related to similar transactions and operations without a private control group. In this regard, it should be noted that Dai coin (DAI) is governed by the owners of the DAI token, which represents the utility and governance asset within the ecosystem with its own performance and value.

All this is possible thanks to the presence of a real decentralized autonomous organization called DAI DAO. The same allows all those who are willing to stake their crypto assets to participate in the management of the project actively.

DAI DAO's Dai coin (DAI) governance decisions can involve things like upgrades, network enhancements, and more.

What's Dai coin (DAI) price?

By combining prices from major centralized exchanges, YouHodler produces a reliable price chart for Dai coin (DAI).

Where to buy Dai coin (DAI)?

Clients may simply purchase Dai coin (DAI) at YouHodler.com or through the YouHodler app (Android and iOS). There are several buying options available, including:

  • With a credit card
  • With a debit card
  • With cryptocurrencies
  • With stablecoins

How to earn % p.a. on Dai coin (DAI)?

Sign in to your YouHodler account and go to your DAI wallet to start earning % p.a. on this coin. To deposit DAI, select "deposit" from the drop-down menu. After the transaction is completed, your DAI will begin collecting 4% % p.a. right away, with weekly installments arriving seven days later. % p.a. accumulates over time.

How to take a loan with Dai coin (DAI)?

Do not sell your DAI. You may use it as collateral to receive a crypto loan right away. To utilize our crypto loans tool, simply log into your YouHodler account. Deposit DAI as security and receive your money in minutes.

How to tradeDai coin (DAI)?

The price of DAI is always fluctuating. Multi HODL allows you to profit from the volatility of Dai coin (DAI). YouHOdler's Multi HODL function is a breakthrough trading feature. With multiplier values as high as x50, traders may rapidly and simply long or short the market. Multi HODL offers a new approach to trade Dai coin (DAI) today.

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