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Dai Stablecoin basics
Dai a fully collateralized stablecoin native to Maker's decentralized autonomous organization (DAO).
Dai Stablecoin token type
Dai Stablecoin technology explained
Dai's value is stabilized through Maker's smart contract built on Ethereum that uses dynamic system of Collateralized Debt Positions (CDPs), autonomous feedback mechanisms, and a variety of user incentive structures. CDPs lock up a users Dai and allows the creation of new Dai, which becomes a debt that can be covered by paying back an equivalent amount of Dai from the Dai generation when the CDP is closed. Open CDPs are always collateralized by an amount of Dai that exceeds the debt accrued through Dai creation.
Dai Stablecoin supply limit
Users can buy Dai from digital asset exchanges that support Dai, through CDPs, and via the Dai Savings Rate, a return on holdings.
Dai Stablecoin consensus
Who regulate Dai Stablecoin in 2023?
The Securities Framework Asset Ratings of the Crypto Rating Council (CRC) attributed the score of 1 out of 5 to Dai and provided the below summary:
- Stablecoin features (pegged value)
- Sale of the token or token interests after the system had existing utility
The CRC is a member-owned and operated organization whose purpose is to assess if a crypto asset, or its development, issuance, and use have characteristics that make it more or less likely to implicate federal securities laws. According to the CRC framework, a score of 5 results when an asset appears to have many characteristics that are consistent with the Howey-test factors. A score of 1 results when an asset appears to have few characteristics that are consistent with the Howey-test factors.
You can transfer your Dai Stablecoin holdings and store it safely with Cropty wallet. Cropty secures safety of your holdings through various verification options like using password, authenticator app, Face ID, Touch ID and backup codes. You can be sure no one can get access to you Dai Stablecoin holding except you.
The Cropty wallet provides the most convenient application for storing and transfering Dai Stablecoin. Cropty targets to become one the best crypto wallets for Android and iOS in 2023. Cropty provides convenient application and secure custodial services, built for crypto beginners, as well as for crypto-savvies.
- Sign up to Dai Stablecoin wallet.
- Top up your balance with Dai Stablecoin.
- Store, trade or deposit your Dai Stablecoin.
- Get Dai Stablecoin deposit interest directly to your Cropty wallet.