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Dai

Dai PriceDAI

C$1.404181
-C$0.001045-0.07%

Last updated：--

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Dai Price Today

Current DAI/CAD real-time price is C$1.404181, with a 24-hour change rate of -0.07% and a 7-day change rate of -0.09%. DAI currently ranks #24 globally by market cap, with a total market cap of C$6.460725B, a fully diluted valuation (FDV) of C$6.460725B, and a 24-hour trading volume of C$49.644614M. In terms of supply, DAI has a maximum supply of ∞, a current circulating supply of 4.6B, with 100.00% already in circulation and 0.00% remaining to be unlocked.

About Dai

What is Dai (DAI)

Dai (DAI) is a decentralized stablecoin on the Ethereum blockchain that is designed to maintain a 1:1 peg with the US dollar. Unlike traditional stablecoins, which are backed by centralized dollar reserves, Dai achieves stability through collateralized crypto assets. It is generated by the Maker Protocol and managed by MakerDAO, a decentralized autonomous organization (DAO) governed by MKR token holders. Launched in 2017 by Danish entrepreneur Rune Christensen, Dai offers individuals and businesses a low-volatility digital asset.

How does Dai work?

Dai's stability relies on a Collateralized Debt Position (CDP) mechanism. Users lock Ethereum (ETH) or other supported ERC-20 tokens in smart contracts as collateral to generate Dai. For instance, depositing $200 worth of ETH could enable the creation of 100 Dai, with over-collateralization (usually 150% or more) ensuring value stability. If the value of the collateral drops, the system automatically sells some of it to maintain the peg. Repaying Dai burns it, releasing the collateral. Dai's supply adjusts dynamically based on market demand, with no fixed cap.

Advantages and limitations of Dai

Dai's strengths include decentralization and stability. As it is free from single-entity control, it offers transparency and trust, making it popular in decentralized finance (DeFi) for lending and payments. As a stablecoin, Dai protects users from crypto market volatility and enables risk reduction during downturns. However, over-collateralization reduces capital efficiency, and rapid drops in collateral prices can trigger liquidations, resulting in losses.

How to buy DAI?

The easiest way to buy DAI is through a crypto exchange like BTCC. BTCC makes purchasing DAI easy and accessible whether you use fiat currency or crypto. Trusted by over 9.1 million investors across 100 countries, BTCC is dedicated to offering excellent crypto trading service for all trades. If you're ready to dive in and make your first DAI purchase, register with BTCC today.

Official Website

How to Buy and Use Dai

Purchase Guide

Buy in just 4 steps (Register → Verify → Deposit/Purchase → Receive Coins)

  1. 1Register AccountUse email or phone number to quickly complete BTCC registration in under 1 minute.
  2. 2Identity VerificationComplete basic KYC verification to protect your account and assets.
  3. 3Quick TradeSupports credit cards, online banking and other quick purchase methods.
  4. 4Receive CoinsDai is instantly credited to your BTCC account, ready for trading at any time.

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Choose Dai products that suit your trading style

Thank you for your interest in BTCC. Currently, spot and futures trading services for DAI are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.

Dai FAQs

What Is Dai (DAI)? How MakerDAO Maintains Its 1:1 USD Peg & Over-Collateralisation

Dai (DAI) is a crypto-collateralised decentralized stablecoin issued by MakerDAO. It maintains its 1:1 peg with the US Dollar (USD) through the following mechanisms: 1. Over-Collateralisation: Users deposit crypto assets (such as ETH or WBTC) into Maker Vaults for a value higher than the DAI generated. Collateralisation ratios typically range between 130% and 170%, fully backing every DAI token. 2. Automated Liquidation: If the value of the underlying collateral falls below the required minimum threshold, the system automatically triggers liquidation auctions to repay the DAI debt and maintain protocol stability. 3. Peg Stability Module (PSM): The PSM allows users to swap DAI 1:1 with other centralised stablecoins (such as USDC) with zero slippage, creating strong arbitrage opportunities that enforce the peg.

DAI vs USDS Differences: MakerDAO Sky Migration Guide & FAQs

When MakerDAO rebranded and transitioned to Sky Protocol, the USDS stablecoin was introduced. Key differences include: 1. Token Roles and Features: DAI remains the classic over-collateralised, decentralized stablecoin. USDS is the next-generation stablecoin within the Sky ecosystem, offering native rewards and enhanced governance features. 2. Conversion Mechanism: DAI and USDS can be swapped 1:1 freely and bidirectionally. Migration is completely optional—users can continue holding DAI or upgrade to USDS at any time. 3. Compliance and Architecture: USDS features a flexible architecture tailored for future protocol upgrades and regulatory compliance, whereas DAI maintains maximum decentralization and broad DeFi compatibility.

What Is DAI Savings Rate (DSR & sDAI)? How to Earn Passive Income in DeFi

The Dai Savings Rate (DSR) is a smart contract-based yield mechanism built into the MakerDAO protocol: 1. Earning Passive Income: By depositing DAI into the DSR contract (or locking it via Spark Protocol), interest accrues automatically every second. Yields are generated from protocol Stability Fees and Real-World Assets (RWA). 2. sDAI (Savings DAI): Depositing DAI into the DSR yields sDAI, a yield-bearing token. sDAI can be freely transferred, lent, or traded across DeFi while continuously earning the DSR rate. 3. No Lockup Period: DSR has no mandatory lockup periods—users can withdraw their principal and accrued interest at any time via decentralized smart contracts.

DAI vs USDT vs USDC Comparison: Decentralized vs Centralised Stablecoins

DAI differs fundamentally from fiat-collateralised, centralised stablecoins in its issuance mechanism, censorship resistance, and transparency:

FeatureDai (DAI)Tether (USDT)USD Coin (USDC)
TypeCrypto over-collateralised decentralized stablecoinFiat/Asset-backed centralised stablecoinFiat/Asset-backed centralised stablecoin
ReservesCrypto assets (ETH, WBTC), RWA, PSM reservesUSD cash, Treasury bills, commercial paper, etc.USD cash and short-term US Treasury bonds
Transparency24/7 publicly verifiable on-chainPeriodic third-party audit reportsMonthly reserve attestations by an independent accounting firm
Censorship ResistanceDecentralized governance, no single point of failureCentralised issuer, can freeze specific addressesCentralised issuer, compliant with regulatory freeze requests

DAI's core strength is its decentralization and complete on-chain transparency, while USDT and USDC offer higher global liquidity and traditional finance integrations.

DAI Trading Risk Management: How to Set Take Profit (TP) & Stop Loss (SL) Orders

When trading DAI with leverage or executing arbitrage strategies, proper risk management via Take Profit (TP) and Stop Loss (SL) orders is essential: 1. Stop Loss (SL): To guard against extreme de-pegging events, set stop loss orders outside normal price fluctuation channels (e.g., below $0.985 or above $1.015) to prevent catastrophic liquidation cascades. 2. Take Profit (TP): Because the PSM pulls DAI back towards $1.00, minor price dislocations (e.g., drops to $0.995 or spikes to $1.005) offer arbitrage opportunities with TP orders set near $1.000. 3. Leverage Management: In DeFi looping strategies, closely monitor your Health Factor to avoid forced liquidation triggered by collateral price fluctuations.

Dai (DAI) Live Price, Market Cap & 24h Volume Today

According to live market data, Dai (DAI) is currently trading at C$1.404181, with a market capitalisation of C$6.460725B and a 24-hour trading volume of C$49.644614M. The current circulating supply is 4.6B. As a cornerstone stablecoin in DeFi, you can track live DAI prices, liquidity, and interactive charts on BTCC.

What Drives DAI Stability? Liquidation Cascades & PSM Mechanisms Explained

The price stability of Dai (DAI) is primarily affected by the following factors and protocol mechanisms: 1. Liquidation Cascades: Sudden market crashes in underlying collateral (like ETH) trigger automated liquidation auctions, driving up spot demand for DAI to settle debts and creating a temporary price premium. 2. Rate Adjustment Mechanisms: MakerDAO governance adjusts the Stability Fee and DSR interest rates to balance market supply and demand. 3. PSM Pool Liquidity: The depth of reserves (such as USDC) in the Peg Stability Module dictates DAI's ability to absorb large sell orders without de-pegging. 4. Macroeconomic & Regulatory Factors: Shifts in regulation surrounding RWAs and centralised stablecoins indirectly impact market risk preference and DAI's peg stability.

Dai (DAI) All-Time High, Low & Historic De-Peg Events Analysis

Historical market data shows that Dai (DAI) reached its all-time high (ATH) of C$5.157107 on 2021-11-16 07:40, and its all-time low (ATL) of C$1.261025 on 2023-03-11 07:45. For stablecoins, extreme price deviations typically occur during severe market liquidity shocks (such as Black Thursday in March 2020 or the Silicon Valley Bank collapse in 2023). These historical bounds demonstrate the protocol's systemic resilience and self-healing mechanisms.

How to Read DAI Candlestick Charts & Trade Peg Arbitrage Windows

When monitoring DAI candlestick charts and peg stability on BTCC, focus on these technical aspects: 1. Peg Deviation Channel: Keep an eye on the normal trading band between $0.998 and $1.002. A breakout from this channel indicates short-term supply/demand imbalances and potential arbitrage windows. 2. Order Book Depth & Volume: Check order book depth and volume spikes during price deviations. Rising trading volume coupled with narrowing price spreads confirms that arbitrageurs and the PSM are actively restoring the peg. 3. Market Correlation: Compare movements against major market pairings like ETH/USDT. High market volatility often creates brief, tradable price discounts or premiums in DAI.

DAI De-Peg Strategy: How to Profit from Shorting & Discount Arbitrage

If DAI temporarily drops below its $1.00 peg (e.g., falling to $0.98) during a liquidity crunch, traders can capitalise using the following methods: 1. Discounted Repayment Arbitrage: Purchase discounted DAI ($0.98) on the open market and redeem it 1:1 via the PSM or use it to pay off Maker Vault debt valued at the full face value of $1.00, securing a net profit. 2. Shorting DAI: If you anticipate prolonged de-pegging, open short positions on DAI futures via BTCC, or borrow DAI on DeFi lending platforms, swap it for USDT, and repurchase DAI later at lower prices to settle the loan. 3. Hedging Strategies: Pair short positions with spot holdings to eliminate directional exposure while capturing yield during volatile market conditions.

High-Leverage DAI Trading: Margin & Arbitrage Strategies Explained

Yes. BTCC offers flexible leverage options (from 2x up to 50x+) for DAI trading pairs and derivative contracts. Key considerations for trading stablecoins with leverage: 1. Capital Efficiency: Because stablecoin price swings are relatively narrow, applying leverage amplifies returns on minor price movements (e.g., a peg recovery from $0.995 to $1.000). 2. Strict Risk Control: High leverage increases liquidation risk proportionally. Even minor price volatility can trigger forced liquidation; always utilise Stop Loss orders and carefully manage margin health.

How to Practise DAI Arbitrage Risk-Free with a BTCC Demo Account

BTCC provides a risk-free demo trading environment to practise your strategies: 1. Switch to Demo Mode: Log into your BTCC account and switch from Live Trading to Demo Mode in the interface. 2. Receive Virtual Funds: The system credits your demo account with up to 100,000 USDT/USDC in virtual paper trading funds. 3. Risk-Free Execution: Test DAI/USDT arbitrage strategies under real-time market conditions, analyse margin usage under various leverage tiers, and master TP/SL execution before trading with real capital.

How to Buy & Trade Dai (DAI): Step-by-Step Beginners Guide

Start trading Dai (DAI) on BTCC in four easy steps: 1. Account Registration: Sign up on the official BTCC website or mobile app and complete basic identity verification (KYC). 2. Deposit Funds: Add funds via credit/debit card, Interac e-Transfer/bank transfer, P2P, or by transferring crypto (such as USDT/USDC) from an external wallet. 3. Transfer to Trading Account: Move your deposited funds into your Futures or Spot trading account with a single click. 4. Execute Your Trade: Search for the DAI pair, select your order type (Market/Limit), adjust leverage and TP/SL parameters, and click Buy/Long or Sell/Short to submit your order.

DAI to CAD and More

DAI/EUREUR｜€0.87DAI/CADCAD｜C$1.40DAI/GBPGBP｜£0.75DAI/HKDHKD｜HK$7.83DAI/KRWKRW｜₩1,354.94DAI/JPYJPY｜¥157.06DAI/AUDAUD｜A$1.40DAI/SGDSGD｜S$1.27DAI/CHFCHF｜CHF0.82DAI/INRINR｜₹95.44DAI/TRYTRY｜₺48.76DAI/USDUSD｜$1.00DAI/CNYCNY｜¥6.69DAI/VNDVND｜₫25,987.67DAI/TWDTWD｜NT$31.62DAI/NZDNZD｜NZ$1.74DAI/SARSAR｜﷼3.75

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