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DAI (DAI): A decentralized US dollar stablecoin

DAI is a digital currency with an interesting mechanism for keeping the price at one dollar. It is a stablecoin.

Dai (DAI) is a decentralized stablecoin running on Ethereum (ETH) that attempts to maintain a value of $1.00 USD. Unlike centralized stablecoins, Dai isn’t backed by US dollars in a bank account. Instead, it’s backed by collateral on the Maker platform. Note: if the Dai credit system is upgraded or shutdown, Dai holders may need to convert their Dai to Ethereum through the Maker platform. Read more at makerdao.com/whitepaper.

For more see: DAI

An Executive Vote has been added to the voting portal to:

🪙Onboard UNI-V2-USDC-ETH as a new Collateral Type
🪙Onboard UNI-V2-WBTC-ETH as a new Collateral Type
📈Increase the LINK-A Debt Ceiling
📈Increase the MANA-A Debt Ceiling

More 👇

😲We were overwhelmed with the avalanche of applications to this weekend’s #0xPoland Workshop.
Fortunately, @makerdao saved the day!
🥳Thanks to them, we'll have an extra group led by @krzkaczor!
➡️Sign up here: http://bit.ly/0xpolandform
➡️Details: http://bit.ly/0xpoland

The crypto and #DeFi ecosystems are evolving at breakneck speed, but that means it can be tough for users to keep up and avoid making mistakes.

Here are nine common missteps users make, including a few specific to the Maker Protocol & Dai:

Image for twitter card

Nine Most Common Missteps of Crypto and DeFi Users

DeFi is a fast-growing movement on pace to augment conventional financial services. But there’s a learning curve...

blog.makerdao.com

An urgent Executive Vote just passed to:

📈Increase ETH-A Debt Ceiling from 750M Dai to 1B Dai
📈Increase WBTC-A Debt Ceiling from 160M Dai to 210M Dai

This increased the global debt ceiling by 310M Dai.

See more at http://vote.makerdao.com

A series of 21 (!) new Governance Polls have been added to the voting portal to signal support for/against the following

📈Debt Ceiling increases:
LINK-A from 10M to 20M
MANA-A from 250K to 1M
ETH-A from 750M to 1B
WBTC-A from 160M to 210M

An Executive Vote has been added to the voting portal to:

📝Whitelist @SetProtocol on Multiple Oracles
↕️Stability Fee Changes
📝Whitelist @gnosisPM on Multiple Oracles
🛠️Adjust FLAP Auction Parameters
📈Increase System Surplus Buffer from 4M to 10M

More 👇

NOWPayments is proud and happy to support #DAI! 😍
@MakerDAO is about complete #decentralization 👍

Its #crypto DAI is price-stable and available for anyone 🌎

NOW, you can accept $DAI as payment! Make use of DAI advantages for your #business!
https://nowpayments.io/supported-coins/

This piece (with all it's layers) was sold completely using #stablecoin $dai.

This couldn't have happened at a better time, with so much volatility in the crypto markets right now. 🙏🌴❤️

Expect more programmable 3D still lives from me on @AsyncArt.

@MakerDAO #cryptoart https://twitter.com/AsyncArt/status/1349428896475664384

This piece (with all it's layers) was sold completely using #stablecoin $dai. 

This couldn't have happened at a better time, with so much volatility in the crypto markets right now. 🙏🌴❤️

Expect more programmable 3D still lives from me on @AsyncArt.

@MakerDAO #cryptoart https://t.co/DvGprg2lzl
Async Art@AsyncArt

Congrats to @carlosmarcialt for completely selling "Art Is The Currency of the Infinite" for $DAI on @opensea!

Total sale: $4,160

Congrats to @zaphodok for snatching up the rest of the Layers in this modern #AsyncArt #stilllife!

#ProgrammableArt #NFTs #3DRender

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