DAI Review | Maker Stablecoin Explained | Coin Bureau Update
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.