Stablecoin · #22 by market cap (snapshot)
Dai
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🧩 What it is
Dai is a decentralised stablecoin from MakerDAO, now Sky, launched in 2017. It's created by locking collateral in smart contracts.
⚡ Why it's interesting
It's one of the oldest DeFi building blocks and doesn't rely on one company holding dollars in a bank.
⚠️ Key risks
A lot of its backing is now in other stablecoins and real-world assets, so it shares their risks. Smart-contract bugs and governance decisions matter, and the ecosystem is migrating to USDS.
👀 What to watch
Sky's collateral mix, its share of USDC and real-world assets, and the DAI-to-USDS migration. The older brand may slowly fade.
Written by the Hodlia.fi editorial team. Education only — not financial advice, no price predictions.
Last 30 days
❓ Dai FAQ
What is Dai (DAI)?
Dai is a decentralised stablecoin from MakerDAO, now Sky, launched in 2017. It's created by locking collateral in smart contracts.
Why do people follow Dai?
It's one of the oldest DeFi building blocks and doesn't rely on one company holding dollars in a bank.
What are the main risks of Dai?
A lot of its backing is now in other stablecoins and real-world assets, so it shares their risks. Smart-contract bugs and governance decisions matter, and the ecosystem is migrating to USDS.
What should I watch with Dai?
Sky's collateral mix, its share of USDC and real-world assets, and the DAI-to-USDS migration. The older brand may slowly fade.
Is Dai a good investment?
Hodlia doesn't give investment advice. Whether Dai fits you depends on your goals, time horizon and how much loss you can handle. Crypto prices can fall sharply and fast. Read the risks above, compare with a diversified alternative and consider independent advice.