The Dai Stablecoin is a cryptocurrency whose value is more stable relative. We believe that steady assets such as Dai Stablecoin are important to understanding the entire potential of blockchain technology.
Maker is a intelligent contract platform on Ethereum that backs and stabilizes the value of Dai via a dynamic platform of Collateralized Debt Positions (CDPs), autonomous feedback mechanisms, and appropriately incentivized outside actors.
Maker enables anyone to leverage their Ethereum resources to create Dai on the Maker Platform. Dai can be utilised in the same fashion as any cryptocurrency, once generated: it used as payments for services and goods can be sent to others, or stored as long-term economies. Significantly, the components needed for a margin trading platform that is decentralized are also created by the generation of Dai.