Multi Collateral DAI
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Price statistics DAI
How much is Multi Collateral DAI (price dai) now?
The current 2023.10.02 21:40 value of Multi Collateral DAI (dai) against USD is 0.998701.
Where can I buy or trade Multi Collateral DAI (dai)?
Use our selection of exchangers or buy on the best crypto exchanges for the best conditions and rates.
How much was Multi Collateral DAI worth at the peak of the market?
Multi Collateral DAI was worth the maximum :price :date
What was the minimum cost of Multi Collateral DAI?
The minimum cost of Multi Collateral DAI was :price :date
Multi Collateral DAI price today is $0.998701 with a daily trading volume of 142507093. We update our Multi Collateral DAI price to USD in real time. Multi Collateral DAI has changed to -0.14378% in the last 24 hours. The current CoinLiq rating is #20 with a market cap of $3833248108.
What Is Multi Collateral (DAI)?
Multi Collateral (DAI) is a type of cryptocurrency that can be used to trade and exchange value. It is similar to Bitcoin, but with a few key differences. Multi Collateral (DAI) is a decentralized platform that runs on a blockchain, meaning it is not subject to government or financial institution control. The value of Multi Collateral (DAI) is pegged to the US Dollar, meaning it is stable in value. Users can buy and sell Multi Collateral (DAI) on exchanges, and can use it to purchase goods and services.Read more
Collateral for DAI
DAI is a decentralized stablecoin that is collateralized by Ethereum. This means that each DAI is backed by a corresponding amount of ETH that is held in a smart contract. The purpose of DAI is to maintain a stable value, meaning that each DAI will always be worth $1 USD. In order to ensure this, the smart contract will automatically adjust the amount of ETH that is being held in reserve based on the current market price of ETH. If the price of ETH goes up, more ETH will be held in reserve in order to maintain the $1 USD peg. Similarly, if the price of ETH goes down, less ETH will be held in reserve.
Is it worth investing money in DAI?
When it comes to investing in digital assets, there is a lot of debate surrounding the best way to do so. Some people believe that investing in Bitcoin is the best way to go, while others believe that investing in altcoins is a better option. However, there is one digital asset that seems to be garnering a lot of attention lately, and that is DAI. So, what is DAI? DAI is a digital asset that is pegged to the US dollar. This means that its value is always equal to $1 USD. This makes it a very stable asset, which is appealing to investors. In addition, DAI is available on a number of different exchanges, making it easy to buy and sell. So, is it worth investing in DAI? That depends on your investment goals. If you're looking for a stable asset that can be easily traded, then DAI may be a good option for you. However, if you're looking for a more volatile asset with the potential for bigger gains, then you may want to look elsewhere.
Is the DAO safe?
Yes, DAI is a safe stablecoin because its value is pegged to the US dollar. This means that it will not fluctuate in value like other cryptocurrencies, making it a safe investment. You can also convert DAI back to USD at any time, so it's a good way to store value.