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Dai

Dai PriceDAI

$1.000076
$0.000749+0.07%

Last updated：--

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Dai Price Today

Current DAI/USD real-time price is $1.000076, with a 24-hour change rate of +0.07% and a 7-day change rate of +0.06%. DAI currently ranks #26 globally by market cap, with a total market cap of $4.593739B, a fully diluted valuation (FDV) of $4.593739B, and a 24-hour trading volume of $21.930003M. In terms of supply, DAI has a maximum supply of ∞, a current circulating supply of 4.59B, with 100.00% already in circulation and 0.00% remaining to be unlocked.

About Dai

The Birth of Dai

Dai is an algorithmic stability coin issued by MakerDAO, an Ethereum based protocol designed to maintain a precise ratio of one to one with the dollar. It is mainly used as a means of lending and borrowing encrypted assets without intermediaries, creating an unlicensed system with transparency and minimal restrictions.

MakerDAO was first proposed by CEO and founder Rune Christensen in 2015, and the maker agreement, the infrastructure of Dai stablecoin, was launched in December 2017. MakerDAO's Dai model is different from other leading stablecoins. First, Dai has an unprecedented degree of decentralization. Although stablecoins such as Tether (USDT) provide a cryptocurrency supported by a reserve of legal currency assets managed by a central organization, no entity controls the issuance of Dai. Instead, users who want to hold Dai submit Ethereum based assets to a smart contract that uses these assets as collateral to maintain Dai's peg to the dollar.

Secondly, unlike most stablecoins, which use a single legal currency or cryptocurrency as collateral, Dai can use different cryptocurrencies as collateral: Ethereum (ETH), Basic Attention Token (BAT), USD Coin (USDC), Wrapped Bitcoin (WBTC), Compound (COMP), etc. At the beginning of its establishment, the Maker protocol only supported Ethereum as collateral. However, in November 2019, the technology was updated to include BAT and USDC, creating today's multi-collateral Dai system. The increase in the number of mortgaged currencies reduces the risk for users and improves the price stability of Dai. New collateral options will continue to increase through the vote of the MakerDAO community.

Third, Dai token holders can earn interest on their Dai. Those who hold MKR (MakerDAO's native governance token) set the Dai Savings Rate (DSR) and act as the guarantors of Dai, which means that their MKR tokens can be liquidated if the system crashes. This structure encourages the guarantors to ensure the normal operation of the Dai system and its mortgage tokens.

How Does Dai Token Work

Dai is an ERC-20 token that can be purchased from centralized and decentralized exchanges (DEX). In addition, you can create and borrow Dai by opening a Maker collateral vault through MakerDAO's Oasis mirror dashboard and depositing Ethereum based assets as collateral. The Maker collateral vault, previously known as Collateralized Debt Positions (CDPs) in the early iterations of the Maker agreement, is a smart contract that holds the collateral until the borrowed Dai is returned.

The value of the collateral you deposit must always exceed the value of the Dai you issue. If the value of the collateral falls below the value of the Dai tokens issued, your collateral will be liquidated. Dai is one of the most comprehensive digital assets in the blockchain ecosystem. Once borrowed, it can be used for decentralized finance (DeFi) applications or blockchain based games, as well as elsewhere.

Stability Advantages and Security Functions of Dai Holders

Dai is soft linked (or pegged) to the value of the US dollar. The greater price stability brought by the Dai stablecoin urges investors to regard Dai not only as a stable long-term store of value, but also as a feasible choice for daily transactions, which greatly expands the utility of blockchain technology and the whole cryptocurrency system.

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.

Related Trading

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-Collateralization

Dai (DAI) is a crypto-collateralized decentralized stablecoin issued by MakerDAO. It maintains its 1:1 peg with the US Dollar (USD) through the following mechanisms:
1. Over-Collateralization: Users deposit crypto assets (such as ETH or WBTC) into Maker Vaults in an amount greater than the DAI generated. Collateralization ratios typically range between 130% and 170%, fully backing every DAI token.
2. Automated Liquidation: If the value of the collateral drops 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 centralized 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-collateralized, 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 Centralized Stablecoins

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

FeatureDai (DAI)Tether (USDT)USD Coin (USDC)
TypeCrypto over-collateralized decentralized stablecoinFiat/Asset-backed centralized stablecoinFiat/Asset-backed centralized 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 failureCentralized issuer, can freeze specific addressesCentralized 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 toward $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 $1.000076, with a market capitalization of $4.593739B and a 24-hour trading volume of $21.930003M. The current circulating supply is 4.59B. 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 centralized 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 $3.668398 on 2021-11-16 07:40, and its all-time low (ATL) of $0.897003 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 capitalize 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 utilize Stop Loss orders and carefully manage margin health.

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

BTCC provides a risk-free demo trading environment to practice 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, analyze 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, 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.

Global Prices

DAI/EUREUR｜€0.88DAI/CADCAD｜C$1.42DAI/GBPGBP｜£0.75DAI/HKDHKD｜HK$7.85DAI/KRWKRW｜₩1,359.19DAI/JPYJPY｜¥157.24DAI/AUDAUD｜A$1.42DAI/SGDSGD｜S$1.28DAI/CHFCHF｜CHF0.83DAI/INRINR｜₹95.97DAI/TRYTRY｜₺48.99DAI/USDUSD｜$1.00DAI/CNYCNY｜¥6.71DAI/VNDVND｜₫25,975.98DAI/TWDTWD｜NT$31.82DAI/NZDNZD｜NZ$1.76DAI/SARSAR｜﷼3.75

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