DAI Live Price Converter
DAI to CAD Calculator
Dai, the native digital currency of a decentralized network, made its dynamic debut on the Ethereum blockchain network towards the end of 2017. What sets Dai apart is its unique mechanism for maintaining its peg to the US dollar, making it a standout stablecoin in the crypto universe.
This innovative DAI-USD peg relies on a complex network of smart contracts and ecosystem participants. Dai's regulation and maintenance are overseen by a governance system implemented by MakerDAO, with the MKR token playing a key role in governance.
Dai has evolved over time, with two versions coming into play: Single-Collateral Dai (SAI) and Multi-Collateral Dai (MCD). SAI, backed solely by Ethereum, had a fixed stability fee and utilized automatic liquidation. On the other hand, MCD, the advanced version, can be backed by various types of collateral, offers a flexible stability fee, and employs a keeper system for liquidation. SAI has since been retired and replaced by MCD, with SAI holders having migrated to MCD.
However, Dai's journey hasn't been without bumps. In February 2023, Dai's depegging led to a staggering $3 billion loss for the protocol, sparking conversations about the need for a backup system. To avoid a repeat of such depegging incidents, MakerDAO is pondering the implementation of an emergency switch. This switch is designed to arm the protocol with the adaptability needed to navigate market fluctuations and ensure the stability of the Dai stablecoin.
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Real-time DAI Price Rates in CAD
DAI Live Data
The current DAI price is $ 1.35, which is -0.02% change in the past 24 hours and 0.06% in the past 7 days. With a circulating supply of 0, DAI’s live market cap is $ 7.2B. The 24-hour trading volume is $ 109M.
The conversion rates are calculated using the Live DAI Price Index along with other digital asset price indices. The DAI/USD exchange rate is updated in real-time.
Follow Bitsgap’s crypto converter and calculator for 24/7 live updates of the exchange rates between crypto and fiat currencies, including BTC, ETH, XRP to USD, EUR, GBP.
DAI Supported Exchanges
The exchange rate of Dai is decreasing.
The current value of 1 DAI is 1.35 CAD. Inversely, 1.00 CAD would allow you to trade for 0.74 DAI, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 0.06%. Meanwhile, in the last 24 hours, the rate has changed by -0.02%. This time last month, the value of 1 DAI was 1.36 CAD, which is a 0.76% increase from where it is now. Looking back a year, DAI has changed by -0.01 CAD.
DAI to CAD
|Asset||Today at 10:11 AM|
|0.5 DAI||0.68 CAD|
|1 DAI||1.35 CAD|
|5 DAI||6.75 CAD|
|10 DAI||13.5 CAD|
|50 DAI||67.5 CAD|
|100 DAI||135.01 CAD|
|500 DAI||675.04 CAD|
|1000 DAI||1 350.07 CAD|
CAD to DAI
|Asset||Today at 10:11 AM|
|0.5 CAD||0.37 DAI|
|1 CAD||0.74 DAI|
|5 CAD||3.7 DAI|
|10 CAD||7.41 DAI|
|50 CAD||37.04 DAI|
|100 CAD||74.07 DAI|
|500 CAD||370.35 DAI|
|1000 CAD||740.7 DAI|
Today vs. 24 hours ago
|Asset||Today at 10:11 AM||24 hours ago||24H Change|
|1000 DAI||$1 350.07||$1 350.37|
Today vs. 1 month ago
|Asset||Today at 10:11 AM||1 month ago||1 month Change|
|1000 DAI||$1 350.07||$1 360.32|
Today vs. 1 year ago
|Asset||Today at 10:11 AM||1 year ago||1 year Change|
|1000 DAI||$1 350.07||$1 359.89|
The MakerDAO protocol can easily generate new Dai tokens thanks to its collateral-backed model. Users deposit collateral assets into Maker vaults and receive newly minted Dai tokens in return. This allows them to unlock liquidity while expanding Dai's circulating supply.
Dai also incentivizes holders to stake their tokens through the Dai Saving Rate (DSR) protocol. This native MakerDAO smart contract enables users to lock up Dai and earn yield at the current DSR rate. Unlike other staking models, DSR offers flexibility with no minimum staking requirements and the ability to withdraw Dai at any time. Between vault collateralization and DSR staking, MakerDAO has created a dynamic system to expand Dai's monetary base in a decentralized manner.
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