Dai is a decentralized, collateral-backed stablecoin pegged to the value of the US dollar. It is issued by MakerDAO, a decentralized autonomous organization (DAO) on the Ethereum blockchain. Unlike centralized stablecoins, Dai’s stability is maintained through a system of over-collateralization using various cryptocurrencies as collateral, making it a transparent and censorship-resistant stable asset widely used in the DeFi ecosystem.
What is Dai (DAI)?
Discover the key facts about Dai (DAI).
Donate Dai (DAI) to Nonprofits on The Giving Block
The Giving Block makes donating Dai (DAI) and other cryptocurrencies easy, secure, and tax-efficient.
Visit our donor marketplace to explore thousands of crypto-friendly nonprofits, educational institutions, and faith-based organizations.
Looking for more resources?
What is Cryptocurrency? A cryptocurrency is a form of digital currency that uses cryptography and blockchain to encrypt, secure, and verify transactions and proof of ownership. Read more
What is Blockchain: Why You Should Care A blockchain is a growing list of records, called blocks, that are linked together using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. Read more
Crypto Glossary for Nonprofits and Donors: 60+ Terms Explained We’ve put together a glossary of the most popular, essential, and amusing jargon, terms, shorthands, and slang. Read more
