$510.09
Price (USD)
$510.09 M
Market Cap (USD)
$1.14 M
Volume (24h)
1000 K
CIRCULATING SUPPLY (MKR)

Performance Summary

Percentile Ranking (0-100)

55
Root Rank
77
social
77
usage
53
price performance
14
development

MACD

Description

The Dai Stablecoin is a collateral-backed cryptocurrency whose value is stable relative to the US Dollar. We believe that stable digital assets like Dai Stablecoin are essential to realizing the full potential of blockchain technology. Maker is a smart contract platform on Ethereum that backs and stabilizes the value of Dai through a dynamic system of Collateralized Debt Positions (CDPs), autonomous feedback mechanisms, and appropriately incentivized external actors. Maker enables anyone to leverage their Ethereum assets to generate Dai on the Maker Platform. Once generated, Dai can be used in the same manner as any other cryptocurrency: it can be freely sent to others, used as payments for goods and services, or held as long term savings. Importantly, the generation of Dai also creates the components needed for a robust decentralized margin trading platform.

Quantitative Performance

77 usage
45 metcalfe correlation 0.057
80 metcalfe exponent 0.007
100 normalized metcalfe 637.889
94 daily transactions 604.878
65 trading volume $ 664.21 K
14 development
12 github stargazers 0
14 github forks 0
25 github open issues 0
10 github contributors 0
10 github contributions 0
53 price performance
51 alpha -0.006
30 sortino -0.301
27 sharpe -0.22
59 treynor -0.015
18 upside 65.78
92 downside -102.623
53 upside / Downside 0.641
95 marketcap $ 642.48 M
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