<h3>What is the DAI token?</h3> DAI was created by the MakerDAO Protocol and is the world's first crypto-collateralised and decentralised stablecoin. Users generate Dai by depositing crypto-assets into Maker Vaults on the Maker Protocol.&nbsp;For DAI to maintain a stable value of $1, the Maker protocol implements game theory. Whenever the value of DAI goes below $1, the protocol incentivises users to increase the price. On the contrary, if and when the value of DAI goes above $1, the incentives work the other way around. <h3>How do I buy DAI?</h3>&nbsp;It’s easy to buy DAI in Australia by joining a trusted trading platform like Coinstash. Simply create your account and verify your personal details. Then, deposit some funds and purchase DAI. It’s as simple as that! <h3>Why should I trade DAI with Coinstash?</h3>&nbsp;Coinstash is one of the highest-rated crypto platforms in Australia. Since 2017, we’ve been a one-stop crypto solution for thousands of customers.&nbsp;People love our great customer support, easy-to-use interface, industry-leading security, and other innovative features. We’re also an AUSTRAC registered exchange so that you can trade with confidence.&nbsp;Ready to start trading Dai Stablecoin (DAI)? Create your <a href="https://coinstash.com.au/auth/signup/start" rel="noopener noreferrer" target="_blank">Coinstash account</a> in minutes!

What is Dai Stablecoin (DAI)?

<h3>What is the DAI token?</h3> DAI was created by the MakerDAO Protocol and is the world's first crypto-collateralised and decentralised stablecoin. Users generate Dai by depositing crypto-assets into Maker Vaults on the Maker Protocol.&nbsp;For DAI to maintain a stable value of $1, the Maker protocol implements game theory. Whenever the value of DAI goes below $1, the protocol incentivises users to increase the price. On the contrary, if and when the value of DAI goes above $1, the incentives work the other way around. <h3>How do I sell DAI?</h3>&nbsp;It’s easy to sell DAI in Australia by joining a trusted trading platform like Coinstash. Simply log in to your account and enter the amount of DAI you want to sell. Or, you can select the option to enter the equivalent amount of AUD. Then click Sell DAI. It’s as simple as that! <h3>Why should I trade DAI with Coinstash?</h3>&nbsp;Coinstash is one of the highest-rated crypto platforms in Australia. Since 2017, we’ve been a one-stop crypto solution for thousands of customers.&nbsp;People love our great customer support, easy-to-use interface, industry-leading security, and other innovative features. We’re also an AUSTRAC registered exchange so that you can trade with confidence.&nbsp;Ready to start trading Dai Stablecoin (DAI)? Create your <a href="https://coinstash.com.au/auth/signup/start" rel="noopener noreferrer" target="_blank">Coinstash account</a> in minutes!

What is DAI?

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