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What is the name of the entity?


It is important to distinguish between Multi-Collateral DAI and Single-Collateral DAI, an earlier version of the token that could only be pawned by a single coin.
The Multi-Collateral DAI was launched in November.

Who are the people who started the organization?
It wasn't created by a single person or a small group of co-founders, one of the defining features of DAI.
MakerDAO is a kind of company that runs itself in a self-enforcing manner via the use of smart contracts, using the Ethereum platform.
This organization is managed by the holders of its Maker governance token, which act similarly to a traditional company's stock, and they can vote on key decisions regarding the development of MakerDAO, Maker Protocol and DAI.
MakerDAO was founded in 2015 by a Danes.
How to make Dai?
Dai is the second-largest stable coin by market cap, having been flipped recently by Terra's native stable coin. Dai is backed by something. The Dai stablecoin is pegged to the U.S. dollar. Dai can be generated by depositing assets into Maker Vaults. Users can use Maker Protocol and Oasis Borrow to create Vaults. On Oasis Borrow, users can lock in various types of assets.
Do you know what makes DAI unique?

Even the largest, highly-liquid coins in the market can experience price changes of 10% or more within a single day.
Stable coins are an example of such an asset.
The fact that it is managed not by a private company but by a software protocol makes it an advantage.
Direct voting by the regular participants of the token is how the process of developing the software is governed.
The impact of the crash of stable coins.
Although it was the first of its kind, it lost market share to emerging alternatives in the last bull market. UST is tethered to the U.S. dollar and undercollateralized. Due to the design of the token, they were unable to shield themselves from an aggressive sell-off. After the crash, Terra's market cap was wiped out by $18 billion.
The slump of UST had a huge impact on other stable coins. The market value of the company dropped from $8 billion to $6.33 billion.
While the crash of UST threatened the validity of algorithmic stable coins, the performance of DAI during this stretch may suggest that not all hope is lost.
There are related pages.
The price of a stable coin is pegged to the US dollar.
You can check out the website.
You can read more about the space on CMC Alexandria.

How many coins are in circulation?
The new DAI token is not produced by mining or private companies according to the issuance police.
Maker Protocol is the software that governs issuance. Maker Protocol makes sure that the soft price peg to the U.S. dollar is maintained.
There is no upper limit on the total supply of DAI, the supply is dynamic and depends on how much collateral is stored in the vaults at any given moment.

How is the network secured?
The token is compatible with the ERC-20.

Where can I buy Dai?
There are a number of online platforms where the purchase of DAI token can be made.


Uni swap. There is a compound.
And traditional coin exchanges.


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