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Dai (DAI) is a decentralized Ethereum-based stablecoin soft-pegged to USD, collateralized via MakerDAO smart contracts, enabling transparent, over-collateralized borrowing.
Full Details : https://thecryptoblunt.com/explained/what-is-dai/
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Transcript
00:00What is DAI?
00:06DAI is an Ethereum-based stablecoin whose issuance and development is managed by
00:10the Maker Protocol and the MakerDAO Decentralized Autonomous Organization.
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