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
World's longest-standing crypto exchange. Since 2011 Bitstamp has been providing a secure and reliable trading venue to over four million individuals and a range of institutional partners.
BlockFi was created to provide credit services to markets with limited access to simple financial products. BlockFi sets itself apart from other crypto service providers by pairing competitive rates with institutional-quality benefits. BlockFi is the only independent lender with institutional backing from investors that include Valar Ventures, Galaxy Digital, Fidelity, Akuna Capital, SoFi, and Coinbase Ventures.
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
— Across (@AcrossProtocol) March 23, 2022