DAI
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Price Chart
At a Glance
DAI is the largest decentralized stablecoin, created through over-collateralized lending positions (vaults) on MakerDAO. Unlike centralized stablecoins, DAI maintains its peg algorithmically through smart contract mechanisms and liquidation incentives. It's a cornerstone of DeFi composability.
Network Stats
Key Drivers
Decentralization
bullishAs the leading decentralized stablecoin, DAI appeals to users seeking censorship resistance.
RWA Revenue
bullishReal-world asset backing generates sustainable yield for DAI holders via the DSR.
USDC Collateral Risk
bearishSignificant USDC backing introduces centralization and counterparty risk to the DAI peg.