US EditionWhat Is Dai (DAI)? - Entrepreneurship Life
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What Is Dai (DAI)? - Entrepreneurship Life
Dai (DAI) is a decentralized stablecoin designed to maintain a stable value relative to the US Dollar, making it an attractive option in the volatile cryptocurrency market. Unlike traditional stablecoins backed by fiat currency in a bank account, Dai is collateralized through Ethereum-based assets and governed by the MakerDAO community. As a part of the broader decentralized finance (DeFi) ecosystem, Dai enables users to engage in lending, borro…
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