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Dai is a decentralized cryptocurrency built on Ethereum

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dshade Member Level  Tuesday, 04/06/21 09:35:26 AM
Re: trunovice post# 9
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Dai is a decentralized cryptocurrency built on Ethereum stabilized to the value of U.S. dollars. The asset is pegged 1:1 to dollars

Dai is maintained and regulated by MakerDAO, a decentralized autonomous organization (DAO) composed of the owners of its governance token, MKR, who may vote on changes to certain parameters in its smart contracts in order to ensure the stability of Dai.

Together, Dai and MakerDAO are considered the first examples of decentralized finance to receive significant adoption.

“NEVER ARGUE WITH STUPID PEOPLE. THEY WILL DRAG YOU DOWN TO THEIR LEVEL AND BEAT YOU WITH EXPERIENCE.” - Mark Twain
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