DAI (Fuse) is the bridged version of DAI token on Fuse network.
Dai is a stablecoin issued by Maker Protocol. DAI officially launched on the Maker Protocol in 2017 as a means to provide a non-volatile lending asset for businesses and individuals. Its first stablecoin iteration was known as the Single Collateral Dai (SAI), which used Ether (ETH) as collateral.
The first decentralized, collateral-backed cryptocurrency, DAI is a crypto asset that attempts to maintain a price of 1 U.S. dollar per 1 DAI by locking other crypto assets in contracts. The Maker Protocol, through smart contracts running on Ethereum, enables borrowers to lock ETH and other crypto assets, thus collateralizing it, in order to generate new DAI tokens in the form of loans.
What is the highest value Dai (Fuse) (DAI) has ever reached?
Dai (Fuse) (DAI) reached its peak price at 1.21 $ on 29 August 2024, approximately a year ago ago. Presently, the current price is -17.53% lower than this all-time high.
What is the historical minimum price for Dai (Fuse) (DAI)?
The minimum price reached for Dai (Fuse) (DAI) was 0.6817 $, documented on 07 September 2024, more than a year ago. In comparison, the current price is 46.36%, it above this historical low.
What is the fully diluted valuation of Dai (Fuse) (DAI)?
The fully diluted valuation (FDV) of Dai (Fuse) (DAI) stands at $ 10,005.5. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of DAI tokens. The realization of this FDV might take several years depending on the emission schedule of DAI tokens.