The hottest stablecoin? Top places to buy Dai
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
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{{/static}}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
