DAI is an Ethereum-based stablecoin (stable-price cryptocurrency) whose issuance and development is managed by the Maker Protocol and the MakerDAO decentralised autonomous organisation. The price of DAI is soft-pegged to the U.S. dollar and is collateralized by a mix of other cryptocurrencies that are deposited into smart-contract vaults every time new DAI is minted.
Market cap$0 0.00%
Circulating supply0 DAI
Dai’s mission is to be the world’s first unbiased decentralised stablecoin that does not discriminate and allows any individual or business to realise the advantages of digital money.
At Travala.com, we offer more than 3,000,000 travel products in over 230 countries available for purchase with DAI. Plus, you’ll receive a 2% giveback in AVA, Travala.com’s native cryptocurrency, on every accommodation booking.
Because DAI is soft-pegged to the U.S. dollar, it provides an avenue for cryptocurrency holders to convert their assets to in times of volatile market activity. DAI can therefore be held as an alternative to fiat currency while still realising the benefits of blockchain technology.
Without having to rely on banks for processing, DAI operates 24/7, resulting in fast transactions any day of the week. DAI’s low gas fees also replace high bank fees and wire service fees, making even small cross-border transactions viable.
The Dai Savings Rate (DSR) allows any Dai holder to earn savings automatically and natively by locking their Dai into the DSR contract in the Maker Protocol. It can be accessed via the Oasis Save portal or through various gateways into the Maker Protocol.
Visit Travala.com and search for a hotel, home, flight, or other travel product by entering your destination and dates.
Select your desired choice from the available options.
Enter the required traveller details.
Select Crypto as your payment method, then select DAI.
Click Complete Reservation. In your DAI Wallet, input the generated address by scanning the provided QR code or by copying the text. Ensure that the exact DAI amount is entered and send the payment.
Click Payment sent. Your transaction will be processed and you will receive a confirmation email once your voucher or e-ticket is available.
Store your DAI securely with the following wallets:
Are you an exchange or wallet provider that supports DAI? Contact us to have your platform added to the lists above.
The MKR token—the governance token of the Maker Protocol—allows those who hold it to vote on changes to the Maker Protocol, such as adding a new collateral asset, changing the risk parameters of existing assets, or modifying the Dai Savings Rate. Anyone can submit proposals for an MKR vote, not just MKR holders.
The governance mechanism of the Maker Protocol is designed to be as flexible as possible, and upgradeable. Should the system mature under the guidance of the community, more advanced forms of proposals could, in theory, be used.