Dai company info

What does Dai do?
Dai (CRYPTO:DAI) is a decentralized stablecoin created by MakerDAO. It is backed by Ethereum and MakerDAO's smart contracts and is collateralized by ETH. Dai is the first decentralized stablecoin to be issued on Ethereum and is fully compliant with the ERC20 standard. Dai was launched in December 2017 and has since become one of the most widely used stablecoins. It was designed to be used in a variety of applications, including payments, remittances, wealth preservation, and hedging against volatility. Dai has also been used in a variety of financial products, such as lending, derivatives, and insurance. It has also been used to facilitate cross-border payments as well as provide liquidity for DeFi protocols. Dai is now accepted as a form of payment in a growing number of merchants and venues.
Dai company media
Company Snapshot

How many people does Dai employ?

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Employees
57

What is the market cap for Dai?

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Market Cap
$5.35B

Where is the head office for Dai?

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Head Office
Santa Cruz, California

What year was Dai founded?

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Year Founded
2017
What does Dai specialise in?
/Arbitrum Ecosystem /Asset-Backed Stablecoin /Avalanche Ecosystem /BNB Chain /DeFi /Ethereum Ecosystem /Fantom Ecosystem /Harmony Ecosystem /Moonriver Ecosystem /Polygon Ecosystem /Stablecoin /USD Stablecoin

What are the products and/or services of Dai?

Overview of Dai offerings
Hedging against volatility: Dai can be used to hedge against the volatility of other cryptocurrencies. This is because Dai's value is not tied to the price of any other cryptocurrency.
Liquidity for DeFi protocols: Dai is used to provide liquidity for a variety of DeFi protocols. This means that Dai holders can earn interest on their Dai by lending it to borrowers on DeFi platforms.
Payments: Dai can be used to make payments to merchants who accept it. This is becoming increasingly common, as more and more merchants are starting to accept Dai.
Remittances: Dai can be used to send money to other people quickly and cheaply. This is because Dai transactions are processed on the Ethereum blockchain, which is very fast and efficient.
Wealth preservation: Dai can be used to preserve wealth during times of high market volatility. This is because Dai is pegged to the value of the US dollar, which is a relatively stable currency.