Dai token

Token · PageRank 0.0492

Also known as: DAI

Source: makerdao.com

Overview

Dai (DAI) is a decentralized, collateral-backed stablecoin pegged to the US dollar. It is issued by the MakerDAO protocol on the Ethereum blockchain and is widely used in decentralized finance (DeFi) applications for lending, borrowing, and trading. Dai maintains its peg through a system of collateralized debt positions and automated market mechanisms. The issuing project MakerDAO has rebranded to Sky; DAI remains in circulation and can be upgraded 1:1 to the newer USDS stablecoin.

Within the DeFi Intel graph, Dai connects to 65 tracked entities, most strongly to Ethereum, Solana, Arbitrum.

Relations

View all relations

Top connections in the DeFi Intel knowledge graph (confidence-weighted, 10 of 65 total).

In-depth guides on Dai

• MakerDAO is Now Sky: USDS, SKY, and Endgame Explained (2026) — DeFi Intel

Frequently asked questions

What is Dai?

Dai is a stablecoin that maintains a value close to one US dollar through overcollateralization of crypto assets in the MakerDAO protocol. It is decentralized, meaning no central entity controls its issuance or peg.

How does Dai maintain its peg to the US dollar?

Dai maintains its peg through a system of collateralized debt positions (CDPs), an autonomous feedback mechanism that adjusts stability fees and the Dai Savings Rate, and external oracles that provide price feeds.

What are the main risks of holding Dai?

Risks include collateral value volatility leading to liquidations, smart contract vulnerabilities in the MakerDAO protocol, and potential for the peg to break under extreme market conditions or governance failures.

What is Dai connected to?

In the DeFi Intel knowledge graph, Dai is linked to 65 other tracked entities, most strongly to Ethereum, Solana, Arbitrum.

More on Dai

• Dai Alternatives: 8 Tokens Compared