About Dai (DAI)

Dai is a decentralized, crypto-collateralized stablecoin created by Sky (MakerDAO). It is generated when users lock collateral in Vaults.

Dai currently has a price of $0.999983, which is 0.0017% away from its peg to USD. It has a market capitalization of $4.55B, which has changed by +3.30% over the past 30 days.

Dai is issued by Sky. Sky is a DeFi protocol that created USDS (Sky Dollar), a delta-neutral stablecoin. The protocol focuses on decentralized money market products.