DAI
Dai StablecoinCrypto-backedThe decentralized, unbiased stablecoin
Official Overview
Dai (DAI) is a decentralized stablecoin created by MakerDAO, pegged to the US dollar through overcollateralized crypto assets locked in smart contracts called Vaults. Unlike fiat-backed stablecoins, DAI has no central issuer — it is generated when users deposit collateral (ETH, WBTC, USDC, and others) into the Maker Protocol. The system maintains the peg through dynamic stability fees and liquidation mechanisms. DAI is one of the most battle-tested DeFi primitives, having maintained its peg through multiple market crashes since 2017.
Market Activity · 12M
Peg Target
$1.0000
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Contract Addresses
Always verify the contract address before transacting. Official addresses only.
Supported Chains
Ethereum
Polygon
Arbitrum
Optimism
Where to Get DAI
ArgusMark recommended platforms — vetted for compliance, liquidity, and security.
Technical Details
Peg MechanismCrypto-backed — generated by locking collateral (ETH, WBTC, USDC, etc.) in MakerDAO Vaults at a minimum 150% collateralization ratio.
Reserve InfoAll collateral is on-chain and publicly verifiable via MakerDAO's real-time dashboards at daistats.com.
Audit StatusSmart contracts audited by Trail of Bits, PeckShield, and others. Fully transparent — all collateral and positions are publicly visible.
ArgusMark provides informational analysis only. This is not financial advice. Always conduct independent research before transacting with any stablecoin. Ratings reflect our Observer Network assessment and may not reflect all risks.