Hey guys, I haven't made a post for a long time, so this time I want to make a homework post that will answer the questions of professor @yohan2on from Steemit Crypto Academy, as for the question is to explain one of 3 stablecoin that have been given whiches USDT, SBD, and DAI.

So this time I want to make a post about DAI

[1] What Is DAI?

Source

The digital currency that is included in this Stablecoin was created in 2014, which aims to make a currency that is stable and does not have large fluctuations in value like other Cryptocurrencies. DAI is a Stablecoin based on the ERC-20 token protocol which has been designed to be a stable coin by taking the dollar as the benchmark, so its value in dollars has a 1: 1 ratio.

DAI is made by MakerDAO which is a very transparent project that offers great technical and economical quality. Due to MakerDAO's success, DAI has been turned into a pledged stablecoin.

DAI was created so that it can be used as a place to borrow tokens by using ETH as collateral.

They implement a collateral guarantee system that uses other cryptocurrencies instead of fiat, making it possible to stabilize DAI. Its application keeps the resulting value the same and provides a guarantee to avoid loss of value.

[2] The virtues of DAI

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Because DAI is included in Decentralized Finance, all users have full control over all their assets, this is very different from conventional ones that must be held by financial institutions such as banks.

DAI was one of the first stable coins to be launched and this proves that DAI is very capable of serving its users.

All transactions in DAI are transparent, so we can freely monitor every movement of transactions on DAI.

[3] Current Condition of the DAI coin

Since DAI is a stablecoin that takes the US dollar as a reference, it is certain that the price of DAI is not far from $1. In this article, according to sources we get the price of 1 DAI coin at the price of $1.

Source: Coinmarketcap

The current Market Cap value of DAI is $2,886,706,519 which has increased by 0.20% in the last 24 hours.

Source: Coinmarketcap

Meanwhile, the DAI sale and purchase turnover volume in the last 24 hours was $207,340,647 and the total DAI supply that has been circulating so far is 2,873,852,319 DAI.

Source: Coinmarketcap

To see a more complete DAI price statistic, you can see it in the image below.

Source: Coinmarketcap

The chart below shows that the price of DAI is very stable. For the highest price, DAI never reaches $1.1, while the lowest price is only around $0.95.

Source: Coinmarketcap

Thank you for reading my blog, hope it will be useful for readers. ☺
I would also like to thanks @yohan2on, @steemitblog, @steemcurator01, @steemcurator02 for creating such excellent study spaces.
See you in the next post!!