The Poloniex blog
Published in

The Poloniex blog

Welcome to Poloniex, DAI!

Our new listings are continuing and today, we’re introducing Dai (DAI) to Poloniex!

You can now deposit DAI and trade BTC/DAI, ETH/DAI, and DAI/USDT. You can now also buy DAI with your credit or debit card using our Simplex integration.

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.

Don’t have a Poloniex account yet? Sign up in seconds here.

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.

DAI Stats
Price: $1.01
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)

Have an idea of what you want us to list next? Fill out our listing application or let us know on Twitter!

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Poloniex

Poloniex

Since 2014, the legendary crypto exchange for traders to buy, sell and hodl 400+ assets, including BTC, ETH and the best altcoins on the market.