Market data as of ,
the same daily snapshot the tracker publishes. Peg drift is the
largest single-day distance from par over the last 30 days, for USD-pegged tokens only.
DAI is a crypto-backed stablecoin originally issued by MakerDAO, now under Sky Protocol, maintaining a USD peg.
Backing Over-collateralized with crypto assets and tokenized U.S. Treasuries.Redemption DAI holders can upgrade to USDS at a 1:1 ratio.KYC required No
Use cases
DeFi collateral, Trading, Payments
Mint and redeem
DAI is generated through non-custodial Sky Protocol Vaults against collateral assets approved by Sky Ecosystem Governance. A Vault owner locks approved collateral and generates DAI as debt; to recover the collateral, the owner repays the generated DAI plus the applicable Stability Fee. The protocol also provides a converter for 1:1 DAI-USDS conversions. Redemption is therefore through protocol debt repayment, protocol conversion or secondary markets rather than fiat redemption with a central issuer. The cited protocol documentation does not state a KYC requirement or a single product-wide minimum; collateralization and debt parameters vary by Vault type. unverified
Depeg history
Date 2020-03-12 · Cause Black Thursday — ETH crash and network congestion caused collateral auction failures and DAI traded above pegDate 2023-03-11 · Low price 0.85 · Cause USDC/SVB contagion — DAI (USDC-collateralized) fell to about $0.85 (per S&P) before recoveringunverified
02
Supply by chain
10 chains · $4.8B total
Chain
Supply
Ethereum
$4.2B
Polygon
$497M
Fantom
$35M
BSC
$31M
Arbitrum
$16M
OP Mainnet
$14M
PulseChain
$12M
Avalanche
$11M
Kaia
$8M
Kava
$2M
Chains holding at least $1M of this token, from the daily cross-chain compilation.
The total may differ from the market capitalization above, which is a separate
measurement.
03
Contract addresses
1 chain
Chain
Address
Ethereum
0x6b175474e89094c44da98b954eedeac495271d0f
Addresses as recorded for this token. Verify against the
issuer's own published address before sending funds.
DAI is a stablecoin that was initially launched by MakerDAO and is now managed under Sky Protocol. It maintains a peg to the USD and is backed by a mix of crypto and real-world assets. DAI can be upgraded 1:1 to USDS; DAI remains active.
DAI operates as an over-collateralized stablecoin, allowing users to hold a stable value token backed by various assets.
DAI's reserves include crypto assets and tokenized U.S. Treasuries, ensuring over-collateralization.
Figures marked unverified are recorded but not yet independently confirmed.