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What is Dai? (DAI crypto stablecoin)

https://get.exodus.io/36mkefc

#dai #defi #exodus #exoduswallet #ethereum #makerdao

What is Dai? Dai is a stablecoin which means it’s pegged to the value of a fiat currency, one Dai equals one dollar.

Dai is completely decentralized and its stability is sustained by smart contracts that balance the reserve requirements. Basically more or less collateral being put in or taken out of the system in order to maintain the Dai price.

Download Exodus Dai wallet for Mobile and Desktop here 👉

Want to learn more about DeFi products like DAI and Maker? Our comprehensive guide gives an in-depth look at this emerging industry: https://exodus.io/blog/what-is-defi/

For a quick read, our friend’s at DeCrypt have an article on DAI here: https://decrypt.co/resources/dai-explained-guide-ethereum-stablecoin

Exodus was created for visionaries looking to depart the traditional financial system.

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Information provided is for informational purposes only and should not be considered financial advice. Investing in crypto assets is speculative and carries a high degree of risk; you may lose some or all of the money that is invested. Past performance is not indicative of future results.

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17 Comments

  1. My Exodus wallet got hacked when nobody knew the passphrase except for me (also, I had made no transactions). The $2,500 worth bitcoins I had on my exodus wallet became 0, I contacted the support and they just sent me one email (which I think was auto-generated) and then, I was ignored. It has happened before to others too. Check this out: https://www.youtube.com/watch?v=vHHbaWsUsuw
    PLEASE DO NOT TRUST EXODUS (THE SCAMMERS WITH A GREAT UI) TO KEEP YOUR HARD-EARNED MONEY.

  2. So I have a question I haven't been able to find anywhere. I love exodus by the way…. It's beautiful and I've been using it for 2.5 years. Let's imagine, God forbid exodus goes out of business, and people who didn't copy their keys down for each asset they own can't get login to their wallets. How would they access their keys in this case?

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