DAI is an Ethereum-based stablecoin developed and issued by the Maker Protocol and the MakerDAO decentralized organization. By design, DAI is soft-pegged to the US dollar, aiming to maintain its value as close to $1 USD as possible.

The stability of the DAI-USD peg is upheld through a complex network of smart contracts and participants in the ecosystem. Additionally, the governance of DAI is managed through a system established by MakerDAO, utilizing the MKR governance token to execute decisions.

DAI sets itself apart from earlier stablecoins, which were backed by fiat currencies, as it is collateralized by a variety of other digital assets. These assets are deposited into Maker Vaults within the Maker Protocol, with smart contracts ensuring security each time new DAI tokens are minted.

Given that DAI tokens are generated based on user-deposited collateral, there is no fixed maximum supply. At the time of writing this, there are approximately 5.4 billion DAI tokens in circulation.

DAI Price On ReHold

ReHold regularly updates the DAI/USD price using Chainlink, a leading cryptocurrency price oracle connecting the blockchain to external data sources. This decentralized method minimizes common issues like price manipulation, spikes, and slippages on centralized exchange (CEX) platforms. Additionally, the DAI value is backed by cryptocurrency tokens deposited as collateral in Maker Vaults within the Maker Protocol.

How To Earn Passive Income On DAI

ReHold offers a distinctive DeFi income opportunity with Dual Investments, enabling users to earn up to 120% APR on pairs like ETH/DAI, WETH/DAI, GALA/DAI, AAVE/DAI, MKR/DAI, and more. Users can generate passive income by staking their DAI tokens, bypassing the need for active trading or specialized trading skills such as fundamental or technical analysis.

DAI Price Prediction

The volatile nature of cryptocurrency markets makes predicting DAI’s future price challenging. Nonetheless, closely monitoring market trends, analyzing historical price actions, and understanding social sentiment towards DAI can improve prediction accuracy. Being a stablecoin, DAI is designed to have a stable value, typically close to $1. The price and stability of DAI are influenced by various factors, including the security of its platform, the collateral ratio backing the stablecoin, and the rate of user adoption.

DAI Value

DAI has several uses, primarily in trading, investing in cryptocurrencies, and facilitating seamless payments. It can also be utilized as collateral for loans. The token's value is softly pegged to the US dollar, supported by a mix of cryptocurrency tokens stored in Maker Vaults within the Maker Protocol.

120% APR On DAI Duals

DAI Duals offers a chance to earn up to 120% APR passively on pairs like ETH/DAI, WETH/DAI, GALA/DAI, AAVE/DAI, MKR/DAI, and more. ReHold ensures top-notch security and aims to minimize risks for users. Take advantage now to fully benefit from DAI Duals.

How To Earn 120% APR On DAI

If you're interested in earning passive income on DAI, ReHold offers a unique earning solution where you can earn 120% APR on pairs such as ETH/DAI, WETH/DAI, GALA/DAI, AAVE/DAI, MKR/DAI and others by using ReHold’s Dual Investments platform. Follow these six easy steps to get started:

Connect Your Wallet Open the ReHold App and connect your Web3 wallet. You can choose any Web3 wallet that supports BNB Chain, Polygon, Avalanche, Optimism, and Arbitrum.
Choose the DAI Dual Asset Select the dual you need: ETH/DAI, WETH/DAI, GALA/DAI, AAVE/DAI, MKR/DAI and others. You can start a dual investment with each token of the pair.
Choose a Staking Period Select how many hours you want to lock your tokens for. The longer the staking period, the higher the yield you will receive.
Choose the Start Token Select the start token and the amount you want to invest. You can use the DAI token, with other pairs like ETH, WETH, GALA, etc., that are part of the dual asset.
Approve the Token To start a dual Investment, you need to allow smart contracts to use your tokens. It is required only once for a selected token.
Start Your Dual Click “Start Now” to create your DAI dual and receive your reward after the staking period ends. That's all! Your dual is created, and at the end of the staking period, you can withdraw your assets back to your wallet or open a new Dual. Also, if you are interested in long-term investing, you can activate the auto-replay feature. This will automatically restart your dual when the staking period ends which helps to save you gas fees, simplify the passive income process, and increase your earnings.