DAI is a stablecoin that attempts to maintain a stable 1:1 value with the U.S. dollar by locking other crypto assets in contracts every time a new token is minted.

It is managed via a software protocol by MakerDAO – a decentralised autonomous organisation, which means that whenever the tokens are issued or burned, it gets publicly recorded. Apart from being more transparent, the system is also more democratic: regular participants of the token's ecosystem vote on how the DAI software will develop.

Check out this article to choose the most convenient way to buy cryptocurrencies, including DAI.

NB: For DAI transfers, Cryptopay supports ERC-20 network only. All the funds sent via other networks (e.g. BEP-20 etc.) will be lost forever.


The world of crypto is vast and intricate - if you feel overwhelmed, check out Cryptopay Learn. It is a perfect place to start for beginners trying to understand the basics of crypto. For more experienced crypto enthusiasts, this is also an excellent opportunity to brush up on their knowledge. The more you learn, the more you earn!

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