DAI
DAI Stablecoin
active
Crypto Backed
USD
Market Cap $4.4B
DAI is a crypto-backed stablecoin originally issued by MakerDAO, now under Sky Protocol, maintaining a USD peg.
Key Data
| Backing | Over-collateralized with crypto assets and tokenized U.S. Treasuries. |
| Redemption | DAI holders can upgrade to USDS at a 1:1 ratio. |
| Peg Currency | USD |
| Launched | 2017 |
Supported Networks
Cross-Chain Supply (DefiLlama · $4.6B total)
PulseChain
$14M
0.3%
Kaia
$8M
0.2%
Kava
$2M
0.0%
zkSync Lite
$1M
0.0%
Smart Contracts
Ethereum
0x6B175474E89094C44Da98b954EedeAC495271d0F
Use Cases
Defi CollateralTradingPayments
Overview
DAI is a stablecoin that was initially launched by MakerDAO and is now managed under Sky Protocol. It maintains a peg to the USD and is backed by a mix of crypto and real-world assets.
How It Works
DAI operates as an over-collateralized stablecoin, allowing users to hold a stable value token backed by various assets.
Reserve Backing
DAI's reserves include crypto assets and tokenized U.S. Treasuries, ensuring over-collateralization.
Supported Networks
DAI is available on Ethereum, Arbitrum, Optimism, Base, and Polygon networks.
Other USD Stablecoins
Data source: CoinGecko ↗