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DAI F.A.Q.
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DAI F.A.Q.

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February 7, 2023 Tagged crypto market, DAI, decentralized, decentralized application (dApp), ERC-20, Ethereum, Maker protocol, Oasis, stablecoin, US dollar
What is DAI? DAI is a stablecoin designed to address the volatility issue in the cryptocurrency market. It operates on the Ethereum network as an ERC-20 token, allowing for...
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Recent Posts

  • Multi-Collateral Dai Price Forecast: A Promising Uptrend on the Horizon April 10, 2023
  • EU Tax for Maker DAI (DAI) March 19, 2023
  • Cryptocurrency Taxes in Canada: A Deep Dive into DAI February 21, 2023
  • The Dos and Don’ts of Filing Taxes for DAI in the USA February 14, 2023
  • DAI F.A.Q. February 7, 2023

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About DAI

Dai is a stablecoin designed to trade as closely to $1 as possible. Unlike most other stablecoins, Dai is collateralized exclusively by other crypto assets. This is facilitated through the Maker protocol on the Ethereum blockchain, where crypto assets like ETH, BAT and USDC can be locked as collateral in order to borrow DAI tokens. The Maker protocol and the Dai stablecoin play a big role in Ethereum’s decentralized finance (DeFi) ecosystem.

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Recent Blogs

  • Multi-Collateral Dai Price Forecast: A Promising Uptrend on the Horizon April 10, 2023
  • EU Tax for Maker DAI (DAI) March 19, 2023
  • Cryptocurrency Taxes in Canada: A Deep Dive into DAI February 21, 2023

Categories

  • Coin News
  • Featured
  • History
  • Overview
  • Price Prediction
  • Taxes
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