Dai Whitepaper


Popular digital assets such as Bitcoin (BTC) and Ether (ETH) are too volatile to be used as
everyday currency. The value of a bitcoin often experiences large fluctuations, rising or
falling by as much as 25% in a single day and occasionally rising over 300% in a month. .

The Dai Stablecoin is a collateral-backed cryptocurrency whose value is stable relative to the
US Dollar. We believe that stable digital assets like Dai Stablecoin are essential to realizing
the full potential of blockchain technology.

Maker is a smart contract platform on Ethereum that backs and stabilizes the value of Dai
through a dynamic system of Collateralized Debt Positions (CDPs), autonomous feedback
mechanisms, and appropriately incentivized external actors.

Maker enables anyone to leverage their Ethereum assets to generate Dai on the Maker
Platform. Once generated, Dai can be used in the same manner as any other
cryptocurrency: it can be freely sent to others, used as payments for goods and services, or
held as long term savings. Importantly, the generation of Dai also creates the components
needed for a robust decentralized margin trading platform.

Dai Website
Dai Whitepaper