Dai

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What is Dai?

Dai (DAI) is a stable, decentralized currency. It’s created via the Makers (MKR) Dai Stablecoin System. It uses margin trading to respond to changing market conditions and preserve its value against the major world currencies. Unlike other stablecoins whose value is backed directly by USD, it’s backed by crypto collaterals that can be viewed publicly on the Ethereum blockchain.

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