Dai (or DAI, formerly Sai or SAI) is a stablecoin on the Ethereum blockchain whose value is kept as close to one United States dollar (USD) as possible through a system of smart contracts and the decentralized participants those contracts incentivize to perform maintenance and governance functions.Dai is maintained and regulated by MakerDAO, a decentralized autonomous organization (DAO) composed of the owners of its governance token, MKR, who may propose and vote on changes to certain paramet...
