Dai

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Dai is classified here as a crypto-collateralized stablecoin, not as a general payment company or exchange. Understanding the asset requires separating its identifier, DAI token symbol, from the backing and issuance mechanics represented by crypto-collateralized debt and Maker Vault issuance.

The editorial record extends to Peg Stability Module, decentralized governance history, and stability fee mechanism, not merely secondary-market price movements. Materials belong here when they directly concern the reserves, collateral, hedging, redemption, governance, or circulation of Dai. The surrounding company and any staked or yield-bearing version require separate tags; use this entry for the base asset and monetary system of Dai.