Protocol · December 18, 2017
MakerDAO launches DAI (Single-Collateral) stablecoin on Ethereum mainnet
Price at event
$18,972
Today
$73,594
Since then
×3.9
On December 18, 2017, MakerDAO launched its Single-Collateral DAI (later retroactively dubbed "Sai"), a stablecoin soft-pegged to the US dollar and backed solely by ether locked in collateralized debt positions. It became the first widely used decentralized, crypto-collateralized stablecoin and a foundational money primitive for the DeFi ecosystem that followed.
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