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Buy & Sell DAI Securely with Australian Dollar AUD on Elbaite - Trade Your Way Today
Dai (DAI) is a decentralized stablecoin that maintains a 1:1 peg to the US Dollar, offering stability and security within the cryptocurrency ecosystem. Unlike traditional stablecoins, Dai is backed by a diversified pool of crypto collateral locked in smart contracts on the Ethereum blockchain, ensuring transparency and decentralization.
Dai was launched in 2017 by MakerDAO, a decentralized autonomous organization, as part of its mission to create a stable and trustless digital currency. Governed by a community of token holders, Dai is maintained through a system of smart contracts that dynamically adjust collateralization to ensure price stability. Dai has become a cornerstone of the DeFi ecosystem, widely used for lending, borrowing, and trading.
What is Dai (DAI)?
Dai is a decentralized stablecoin pegged to the US Dollar, backed by crypto assets locked in smart contracts to maintain its stability and transparency.
How do I buy Dai on Elbaite?
To purchase Dai, sign up for Elbaite, verify your identity, deposit AUD, and place a buy order for DAI quickly and securely.
What makes Dai different from other stablecoins?
Unlike centralized stablecoins, Dai is governed by MakerDAO, ensuring decentralization and transparency through its crypto-backed collateral system.
What is Dai used for?
Dai is widely used in decentralized finance (DeFi) for lending, borrowing, trading, and as a stable store of value.
Is Dai secure?
Yes, Dai’s value is maintained through an over-collateralized system of smart contracts, ensuring its stability and security.
Who governs Dai?
Dai is governed by MakerDAO, a decentralized autonomous organization where token holders vote on key protocol decisions.