Review on Dai by Mayra Coba
Stable DAI Cryptocurrency DeFi
DAI is an Ethereum-based stablecoin. The value of this cryptocurrency is anchored to the US dollar, for which 1 DAI is equivalent to 1 USD. The coin and everything that supports its operation was designed by its launcher MakerDAO, one of the longest running projects in the ecosystem. DAI's main objective was to create a secure means of storing funds.
Many find it difficult to understand what DAI is, but to answer this complexity we must say that this is not a prerequisite for using cryptocurrency: the DAI price is $ 1 and that's it. You don't need to fully understand how it works to use it, just as you don't need to know the mechanics of a car inside and out to be able to drive successfully.
In conclusion, DAI is an excellent option for operations with stable cryptocurrency that will be of great help to us to make transactions of funds and also store them without worries due to their value. In addition, it facilitates the creation of means of exchange, decentralized finance, and you will not have to go through a rigorous KYC verification process.
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Pros
- Stable and totally secure cryptocurrency.
- Easy access and registration without rigorous KYC process.
- Largest DeFi ecosystem worldwide.
Cons
- Complex on some levels for beginners.
