Dai: Cryptocurrency without the price fluctuations

Stablecoins are crypto-currencies that are stable in value. Specifically, Dai is a crypto-currency that is designed to always be equivalent in value to one dollar.

Dai is like Bitcoin in some ways - for instance, they both rely on blockchain technology. But it's not like Bitcoin in other, important ways. Namely, Dai is designed to maintain its value pegged to one dollar. This is done via carefully-designed technological and financial feedback mechanisms. You can learn more about this here.

First of all, dollars are great! You should definitely use them whenever appropriate. We love dollars, too 😉. However, Dai has a few interesting use cases to offer. Using blockchain technology, your Dai is securely held to your name without relying on a bank or any other custodian. You can access it from anywhere in the world where you have network access, without limitation. And you can send it electronically to anyone, anywhere, for pennies. Moreover, unfettered access to US dollars is not possible everywhere in the globe, whereas you can use Dai anyywhere you have an internet connection.

Indeed. In the future, you might be able to pay directly with Dai, but that is not a common option yet. There are services that allow you to convert local currencies to and from Dai, but it is admittedly quite early and there aren't many options. That's why we've created this little website - to help raise awareness and list the options that do exist.

This is a good question. Unfortunately, nobody can ever promise you that your money will keep its value or purchasing power - these risks exist when you have cash in hand or in the bank, too. Likewise, we cannot make such a promise about Dai, simply because that would be irresponsible. However, a lot of thought and science have been applied to ensure Dai does maintain its peg to the dollar. Perhaps more important, Dai has been in the field since December 2017 and has a great record of maintaining its value despite severe volatility in the crypto market throughout this time. You can browse Dai's historic rates here or its rate in the last 24 hours here.

The MakerDAO team, a dedicated team of experienced and smart people who have been working on this project for years. Check out their website for more information.

No, this website is not affiliated with the MakerDAO team in any way. We created this website out of simple desire to raise awareness to Dai, as we believe it offers important advantages and we want to see it succeed.