Dai

DAI

What this page is: neutral, sourced facts about Dai. Every line links where it was checked. 10 facts, 1 from primary sources. Educational, not financial advice.

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Launch

On December 18, 2017, DAI was launched on the main Ethereum network. secondary source source

Founders and creators

Created by MakerDAO. secondary source source

Origin story

MakerDAO was formed in 2014 by Danish entrepreneur Rune Christensen; in August 2024 MakerDAO was rebranded as Sky. secondary source source

Stated purpose

A decentralized stablecoin soft-pegged to the US dollar and generated against collateral in Maker Vaults. primary source source

Consensus mechanism

DAI is an Ethereum-based, ERC-20 -compatible token. secondary source source

Supply model

DAI (formerly Sai or SAI) uses smart contracts designed to control supply to keep its value as close to one United States dollar as possible. secondary source source

Main uses today

DAI is maintained by MakerDAO, a decentralized autonomous organization of MKR governance token owners who may propose and vote on changes to parameters in its smart contracts. secondary source source

Key milestones

USDS stablecoin of the Sky ecosystem. secondary source source
Multi-Collateral DAI was launched in November 2019. secondary source source

Notable events and controversies

MakerDAO had been used by Societe Generale and Huntington Valley Bank by August 2024, and had invested in US Treasuries. secondary source source

Sources & studies

Last checked: 2026-11-04 · Prices, market caps and circulating supply are left out on purpose because they change by the minute. Educational, not financial advice.

Education only, not financial advice. No signals. Backtests are hypothetical: real trading can be worse. Past results don't predict future results.