Buy Dai (DAI), it’s easy!

DAI is a stablecoin that replicates the value of the US dollar. How does it work? Find out in the dedicated tab

What is Dai?

The birth of DAI is in a way the debut of the whole DeFi industry. DAI is the first decentralised stablecoin, whereby its 1:1 value with the dollar is guaranteed by cryptocurrency reserves. This means that DAI can be generated by posting other cryptocurrencies as collateral even though they are volatile by nature. The Maker Protocol is responsible for the price stability of DAI, the issuance and burning of coins, interest rates, sanctions, the voting system and the Foundation’s decision-making process.

Why buy Dai?

Unlike many stablecoins, DAI is completely decentralised and therefore not dependent on banks. Because of its characteristics, it is the most widely accepted stablecoin in the DeFi and DEX world, and has many real-world applications. The most important one is definitely the fast access to financial services. You can use your DAIs simply by accessing its DApp. In this way, millions of people can access loans, savings schemes, investment pools and other financial instruments that would otherwise be unattainable by traditional means.

How was it created?

MakerDAO, the decentralised autonomous organisation managing DAI, was founded in 2014 by the Danish entrepreneur Rune Christensen. The protocol’s effectiveness was clear since its launch in 2017: in that year, Ethereum lost 80% of its value, however DAI managed to keep it’s 1:1 ratio with the US dollar.

Stay up to date with the price of Dai

Price 24H
Change 24H
Daily High
Circulating Supply
Market Cap

Unlimited access to +1000 free content items

Unravel the intricate world of DeFi, NFTs, DApps, Metamask, and more. Whether you're a beginner or an expert, our Academy is your roadmap to navigating the crypto market!

Young Platform Academy

Buy Dai in 3 steps on Young Platform

Sign Up and Verify Your Identity
Enjoy free registration and full control over your funds. Move your money how you want, when you want.
Pay with Card, Bank Transfer or Apple and Google Pay
Start with every penny you have. Whoever said you need a fortune to enter this market has misled you.
Instantly Buy and Sell
Tailor your strategy and leverage automation to maximise your outcomes. Trade on your own terms.

What does the Young Platform do?

Young Platform is the European exchange that blends simplicity with security, already chosen by over 2 million people for buying and selling cryptocurrencies. Backed by significant entities such as Azimut, United Ventures, and Banca Sella, Young Platform eases your entry into the world of cryptocurrencies with a user-friendly interface, easy-to-use trading tools, educational courses, and up-to-date news, all designed to be accessible to everyone. And the best part? It's completely free.

Check out the Top movers

Take a look at the prices of cryptocurrencies that have reached higher volatility in the last 24 hours and catch market trends.

Buy Dai