DAI Review | Maker Stablecoin Explained

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DAI Review | Maker Stablecoin Explained | Coin Bureau Update

Welcome to this cryptocurrency video review posted by Coin Bureau. In this video you learn about Maker stable coin DAI.

DAI was first launched in 2017 by the Maker team. Maker's plan is to develop a line of decentralized stablecoins. These stable coins will be tied to other assets. Two tokens have been issued - MKR and DAI.

DAI works through a balance of economic incentives and game theory. Arbitrage opportunities are created every time there is a deviation from the 1 to 1 pegbetween DAI and the paired asset.

The DAI stablecoin is an ERC-20 token on the Ethereum blockchain.

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