Replies to post #9 on Request Network (REQUSD)

[dshade]

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.