Buy Maker Dai - CoinJar

buy Maker Dai (DAI)

Maker Dai price chart

The reference rate shown below is indicative only. Actual buy/sell rates depend on market liquidity and fees at the time of quotation. This Maker Dai price chart tracks the price of Maker Dai against EUR over time. Learn more

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What is Maker Dai

Dai is collateral-backed money whose value is entirely stored on the Ethereum blockchain. Dai keeps its value stable through a framework of aligned financial incentives, a basket of ERC-20 tokens, that have been staked by their owners.

The Dai is governed by MakerDAO (a decentralised autonomous organisation) and uses the The Maker Protocol (Multi-Collateral Dai (MCD) system), that through Ethereum smart contracts is able to lock away ERC-20 tokens and replace them with an equivalent amount of Dai, thus providing the collateral debt position (CDP). Dai functions in a similar way to other cryptocurrencies, meaning it can be sent to others, used as payments for goods and services, be held as a hedge against market volatility, and much more.

Maker Dai price calculator

You can buy Maker Dai using AUD or GBP. Use the price calculator below for more information.

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