DAI Stablecoin product
Overview
The DAI stablecoin operates on Ethereum and maintains a soft peg to the US dollar. It is generated by the MakerDAO system via positions that are over-collateralised with assets native to Ethereum. Within the decentralised finance ecosystem, DAI serves as a stable medium for transactions and as a reserve of value.
Within The Counterparty graph, DAI Stablecoin connects to 3 tracked entities, most strongly to MakerDAO, USDS (Sky Dollar), USDS (Sky Dollar).
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 3 of 3 total).
| Relation | Connected entity | Confidence |
|---|---|---|
issued | MakerDAO | 95% |
upgradeable_to | USDS (Sky Dollar) | 95% |
replaces | USDS (Sky Dollar) | 95% |
Frequently asked questions
What is DAI Stablecoin?
DAI Stablecoin is a stablecoin tracked in The Counterparty knowledge graph. It is connected to 3 other tracked entities, most strongly to MakerDAO, USDS (Sky Dollar), USDS (Sky Dollar).
What type of entity is DAI Stablecoin?
DAI Stablecoin is classified as a stablecoin (product) in The Counterparty knowledge graph.
What is DAI Stablecoin connected to?
In The Counterparty knowledge graph, DAI Stablecoin is linked to 3 other tracked entities, most strongly to MakerDAO, USDS (Sky Dollar), USDS (Sky Dollar).