Stablecoins are becoming more and more popular as an asset class. Recently, Themis exchange, a leading protocol creating anonymous lending pools between stablecoins and blue-chip assets, added support for Dai.
Look no further than this short article for all the details about Dai: what it is, is it worth investing in, and the best places to buy Dai now.
Top places to buy Dai now
Bitstamp
Bitstamp, established in 2011, is a pioneer in the cryptocurrency exchange world, offering a secure and straightforward platform for trading a variety of digital currencies. It’s known for its user-friendly design, robust security measures, and global reach, making it a preferred choice for crypto traders worldwide.
Coingate
CoinGate is a Lithuanian-based fintech company founded in 2014. The payment gateway offers cryptocurrency payment processing services for businesses of any sizes. Permission-based account management, fiat payouts to the bank account and brand new email billing feature are just a few reasons why CoinGate has become a go-to payment processor for many.
What is Dai?
Dai is a stablecoin based on Ethereum. MakerDAO and the Maker Protocol manage its issuance and development.
It is in a soft peg with the USD. Every time a Dai is minted, the stablecoin is collateralized by a combination of other cryptocurrencies that are deposited into smart contract vaults.
Earlier, there was SAI (single collateral Dai), a token that only one crypto could collateralize. SAI still exists, but it doesn’t support savings, which allow users to save money by holding Dai tokens.
Should I buy Dai today?
Considering how hard it is to come up with an accurate cryptocurrency prediction, you should never make any decisions affecting your finances before an in-depth market analysis. Don’t invest more than you can afford to lose.
Dai price prediction
According to Digital Coin Price, Dai will remain stable. Its price will be around $1.01 until 2031. However, GOV Capital predicts growth. They forecast 1 Dai might trade for as much as $5.68 in five years. It will push past $2 in March next year.
Dai on social media
Just admiring that mighty fine APY from our $DAI pool 👀 pic.twitter.com/j1Hs1FhzhG
— Across (@AcrossProtocol) March 23, 2022
