Welcome to Poloniex, DAI!
Our new listings are continuing and today, we’re introducing Dai (DAI) to Poloniex!
Along with our listing, we are also launching support for the Dai Savings Rate (DSR) smart contract! Poloniex customers who hold DAI in their account will automatically receive rewards based on the current DSR. As a result of MakerDAO’s economics and governance, the DSR is currently at 0%. In time, it is expected that the DSR will increase and Poloniex customers who hold DAI will begin to earn rewards.
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To celebrate our new listing, we’re also kicking off our DAI Raffle Campaign!
From April 29, 2020 at 16:00 UTC to May 13, 2020 at 23:59 UTC, all customers can be entered into a chance to win from a total prize pool of 20,000 DAI. For each task you complete, you will receive entries to be one of ten lucky winners to earn from a bonus prize pool of 5,000 DAI.
Ten lucky winners will win from the bonus prize pool and all other participants will receive an even split of the remainder of the total prize pool. Once the campaign ends, we will randomly select the ten lucky winners and notify them via email.
What is MakerDAO?
MakerDAO aims to provide a decentralized and permissionless lending platform that is managed by a set of smart contracts and allows for reduced interest rates and improved liquidity. The MakerDAO system is a two-token system: DAI, a USD-pegged stablecoin, and Maker (MKR). MKR is an ERC-20 token that is created and destroyed in order to keep DAI hovering around $1 USD. MKR is used to pay transaction fees on the MakerDAO system and holding MKR comes with voting rights within Maker’s continuous approval voting system. Learn more about MakerDAO on their website.
Market Cap: $99,711,153
Market Cap Rank: #57
24hr Trading Volume: $69,887,233
Circulating Supply: 98,348,294
7d Low / 7d High: $1.01 / $1.02
All-Time High: $1.22 (March 13, 2020)
All-Time Low: $0.903243 (November 25, 2019)