Unlike other top stablecoins, Dai has no central governing body that could freeze assets. A decentralized autonomous organization (DAO) regulates Dai, and smart contracts manage the stablecoin itself.

Liquidity on Compound is shifting dramatically between assets as new rules for distribution of its governance token, COMP, take effect. Compound's website reports a gross supply of 401 million DAI ...

Coins with Ethereum's logo and US dollar bills are seen in Shiyan city, Hubei Province, China. The project has faced numerous challenges, including capital inefficiency and centralized points of ...

Dai (DAI) is a decentralized stablecoin pegged to the U.S. dollar. Unlike centralized stablecoins, Dai’s value is maintained through a system of collateralized debt and smart contracts on the Ethereum ...

MakerDAO, one of the largest decentralized finance (DeFi) platforms, successfully onboarded blockchain data provider Chainlink’s smart contract automation into its Keeper system that maintains the ...

Decentralized finance (DeFi) protocol Ethena’s stablecoin, USDe, has surpassed Sky’s Dai (DAI) in total market capitalization, becoming the third-largest stablecoin after Tether’s USDt (USDT) and USD ...