Dai (DAI) — price, chart and what it is
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What is Dai?
Dai is a decentralised dollar stablecoin created by the MakerDAO (now Sky) protocol. Instead of a company holding dollars, it is backed by crypto and other assets locked in smart contracts as over-collateral, with automatic liquidation if that collateral falls too far.
What to know before trading DAI
A stablecoin is not a trade. It is the cash you hold between trades — the thing to check is the peg (is it trading at $1.00?) and the issuer’s reserves, not a chart. If you are “buying” a stablecoin, you are selling something else.
Whatever the coin, the arithmetic is the same: decide the dollar risk first, place the stop where the idea is wrong, and let the stop-loss calculator turn it into a size. If you are new, Lesson 1 and Lesson 2 come before any chart.
Where we trade it
The three exchanges we use, compared honestly — including what each one does badly. That page carries referral links and says so up front.
Dai in the headlines
- Loading headlines that mention Dai…
Headlines from public RSS feeds via the news page; only items that mention Dai or DAI.
Questions people ask
What is Dai in one sentence?
Dai is a decentralised dollar stablecoin created by the MakerDAO (now Sky) protocol.
Where does the DAI price on this page come from?
It ticks live from a public exchange WebSocket (Binance, Coinbase as fallback) and is backed by our market feed (CoinGecko, refreshed every minute) for market cap, volume and the all-time high.
Is Dai a good investment?
TradingPrimer does not give buy or sell advice. The page shows what Dai is, how it has traded and what risks come with its category; the decision, the size and the exit are yours — and the lessons on position sizing and drawdown are where to start before any of them.
Where can I trade DAI?
On most large exchanges. Our exchanges page compares the venues we use and says which links are referral links.