$ETH DAI is a decentralized, collateral-backed stablecoin that aims to maintain a 1:1 peg to the U.S. Dollar, created by the MakerDAO protocol on the Ethereum blockchain.

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📌 Key Facts About DAI:

Feature Details

Token Symbol DAI

Type ERC-20 (Ethereum-based)

Peg Soft-pegged to 1 USD

Collateralized By Crypto assets (e.g., ETH, USDC, WBTC, etc.)

Governed By MakerDAO (a decentralized autonomous organization)

Launched December 2017