Dai

Dai (DAI) is a USD-pegged stablecoin built on the Ethereum blockchain, and has no centralized authority. Its $1 USD equivalent is maintained through automatic pricing mechanisms built into smart contracts. When Dai is worth more than $1, the smart contract pricing mechanisms works to decrease the price. Conversely, when Dai is worth below $1, the smart contract pricing mechanisms works to increase the price. Dai can be freely traded like any other ERC20 token, and anyone with an Ethereum wallet can own, accept, and transfer it without a middleman.

Dai is an asset-backed, hard currency for the 21st century. The first decentralized stablecoin on the Ethereum blockchain. With Dai, anyone, anywhere has the freedom to choose a money they can place their confidence in. A money that maintains its purchasing power. Dai is a reliable source of stability in the face of volatility. Every Dai is backed in excess by collateral at all times, so you never have to worry about its value moving up or down.

The world’s first unbiased currency. Dai is a stable, decentralized currency that does not discriminate. Any individual or business can realize the advantages of digital money.

Lock your Dai with the other 249.82M earning the Dai Savings Rate set by the Maker community. Anyone with an internet connection can deposit DAI, and earn savings instantly. No fees. No minimums. No speculation.

When there was too much risk and volatility in the markets I decided to trade for DAI and deposit it in Oasis Save. It gave me peace of mind because I knew what my return would be, no more sleepless nights worrying about flash crashes