DAI

1. Project Core Overview

DAI is a decentralized collateral-backed stablecoin issued by MakerDAO (renamed to Sky Protocol in 2025), soft-pegged to the US dollar, with the core positioning as 'trustless on-chain US dollar'. It achieves decentralized operation through smart contracts, over-collateralization mechanisms, and community governance, without relying on the credit backing of a single centralized institution. Its underlying logic differs from centralized stablecoins like USDT and USDC, as it does not depend on real-world US dollar reserves but maintains price stability through collateralization of on-chain assets and an automatic liquidation mechanism.

Key Basic Information