[DAI is a stablecoin that is soft pegged to the US dollar. It is decentralized, unbiased, collateral-backed, and is also the key to the MakerDAO lending system. Currently, MakerDAO is one of the largest and most established dApps running on the Ethereum blockchain.The MakerDAO protocol allows anyone with ETH to lend themselves money in the form of DAI stablecoin. Dai is resistant to hyperinflation since it is literally designed to minimize volatility and resist aggressive price fluctuations. Essentially, anyone anywhere can generate the Dai stablecoin against crypto collateral assets.DAI in its current form was launched in 2018. MakerDAO created token as the new Multi-Collateral Dai token. This replaced the previous one, which has been renamed to SAI (Single-Collateral Dai).Since the relea...
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