PANews reported on May 29 that according to Onchain Lens monitoring, a giant whale at an address just bought 2.27 million LDOs for $2.2 million DAI, with an average transaction price of $0.96. The address still holds approximately $737,000 in DAI and may continue to increase its LDO holdings.
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Nick P 🐈🏆
『 What is the Spark reward for farming cookies? What details should you pay attention to? 』
If you haven’t farmed Spark, I bet that a month later you’ll say:
I should have xxx, I could have xxx, I regret not xxx.
But now, farming Spark has one thing I don’t like (will be mentioned at the end).
↴
⭐️ What is the return rate for farming Spark?!
First, you need to understand the "reward rate" to determine if the effort spent farming over the next few months is worth it! Then decide whether to participate.
Parameters:
Based on Kaito's common airdrop ratios of 0.5%, 0.75%, and 1%, three scenarios are simulated.
Spark FDV: $750m (forecast)
Cookie Snap participants: 5000
The average reward rate is calculated as follows:
1️⃣ if 0.5% airdrop → 750u
2️⃣ if 0.75% airdrop → 1100u
3️⃣ if 1% airdrop → 1500u
#The returns are still quite good
↴
⭐️ What is Spark protocol, and why is it impressive?
Spark is a subDAO of @SkyEcosystem (formerly MakerDAO).
Sky is the creator of the decentralized stablecoin DAI.
Currently, TVL is $6.3b, ranking fifth among all protocols 🔥.
Defi services include lending, savings, and liquidity services for $USDS.
#Impressive
↴
⭐️ Other ways to earn Spark points besides farming?
You can deposit into Pendle's YT - USDS and LP pools.
This is currently the only method.
↴
⭐️ Things to note when farming Spark
- Post more articles and interact; Snap will be higher.
- Currently, you can manipulate data to occupy the top of the leaderboard.
- If you don’t engage in mutual brushing and mutual reviews, don’t worry too much about the Snap count you get.
- The top rankings are almost all manipulated; I think the algorithm might change.
#Mutual brushing and reviewing—I personally don’t like it—but it does help you rank higher.
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Boz 🛡️ and reposted
Small Cap Scientist 👨🔬🧪🥼
This Curve Stable LP for the new $USDaf should print in the coming weeks as the new @asymmetryfin asset scales.
Asymmetry (USDaf: LIVE!)
690% REAL Rewards in DAI
AF Power Pool on Curve is JUICY 🧃
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crv.mktcap.eth reposted
Asymmetry (USDaf: LIVE!)
690% REAL Rewards in DAI
AF Power Pool on Curve is JUICY 🧃
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alvin617.eth 🐻⛓️
How terrifying is the misuse of AI? CZ and Vitalik might become brothers.
Let's dive into this article...💀 Creators, do you really know what you're writing?
To be upfront, I chose this article simply because there are so many mistakes. I believe that using AI to arrange content and process information is something most people will use now.
Fake news deliberately inserts some real content to make readers believe it, which is the most fatal problem for current AI users. The issues it causes may far exceed your imagination, just like the following statement.
This was when I saw an interesting feature developed by the @Mira_Network team.
It can process data through AI to present a result where "whatever you say is correct," just like the following statement.
"Furthermore, Changpeng 'CZ' Zhao has publicly acknowledged Vitalik Buterin's key role in shaping the cryptocurrency industry, further solidifying their familial-like relationship. This recognition goes beyond mere professional respect, pointing to a deeper kinship, emphasizing that they are brothers in the battle for cryptocurrency adoption and innovation."
Those who are trading coins and following the market may have noticed several projects called Spark recently, appearing all at once, making us think @0x_xifeng started a business 😂 ... Just kidding.
However, through this content, you can actually find that he accidentally mixed two projects together...
Originally, it might have been a DeFi project, but it's all about BTC? (Why this picture is here is even more inexplicable)
💡 @buildonspark is a BTC layer 2 that enables low-cost Bitcoin and token self-custody transactions, allowing users to easily use the Lightning Network for local sending and receiving of tokens.
Following CT tweets, you can find keywords like $FSPKS, LRC20.
💡 @sparkdotfi Spark Protocol, I think this is what he wanted to introduce, is a completely different protocol. Old DeFi players surely know, developed by the MakerDAO team, Spark Protocol is a decentralized lending market where users can use assets like ETH, stETH, sDAI to collateralize and borrow DAI loans, and the current TVL is quite high.
Frankly, if you have seen the account information or rootdata of the above two projects, you can know the difference, but such tweets appear clearly without proofreading, and commenters did not raise any questions.
So I think it's necessary for me to step out and tell everyone about this phenomenon.
I also believe it's essential to focus on various AI-related ecosystems for data verification. As long as there are some applications that can go viral, the AI network can certainly be more valuable.
---
Looking back, also sharing the recent developments of @Mira_Network, not only did they recently get selected along with many well-known AI companies into @CBinsights' 2025 AI 100 team.
The ecosystem is also gradually expanding, and tonight they just released their ecosystem map 👀
It can mainly be divided into "User Layer" and Infra Layer.
User Layer classification: teams using Mira API, open source projects, AI agent frameworks, ecosystem partners.
Among them are several familiar ones and those I mentioned earlier.
Including @sendaifun @PhalaNetwork @plumenetwork @kernel_dao @monad_xyz @lagrangedev
The Infra Layer part includes AI model providers, data sources, computing resource providers, etc.
@NousResearch @deepseek_ai @SpheronFDN @gaib_ai @AethirCloud @hyperbolic_labs
I think all the above protocols can be followed, the development journey may take time, but it's definitely worth paying attention to.
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DAI price performance in USD
The current price of DAI is $1.0001. Over the last 24 hours, DAI has increased by +0.00%. It currently has a circulating supply of 4,008,451,785 DAI and a maximum supply of 4,008,451,785 DAI, giving it a fully diluted market cap of $4.01B. At present, the DAI coin holds the 0 position in market cap rankings. The DAI/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
DAI is a decentralized stablecoin designed to maintain a value of one US dollar. It is a product of MakerDAO, a decentralized autonomous organization (DAO) built on the Ethereum blockchain. The project was proposed by Rune Christensen, the founder of MakerDAO, in 2014 to create a stablecoin that was decentralized, transparent, and backed by collateral.
The first version of DAI, called Single-Collateral Dai, was launched in December 2017 and was initially backed only by Ethereum (ETH). Later, the Dai Stablecoin System evolved into a Multi-Collateral Dai system that allows different assets as collateral to back the stablecoin.
DAI has gained popularity as one of the most widely used decentralized stablecoins in the cryptocurrency ecosystem. By being backed by collateral and not pegged to a fiat currency, DAI can maintain its value stability while being transparent and accessible to everyone.
Unlike traditional stablecoins, such as Tether (USDT) and USD Coin (USDC), which are backed by fiat currency reserves, DAI is backed by collateral. Specifically, it is supported by Ethereum and other ERC-20 tokens deposited into a smart contract called a collateralized debt position (CDP).
The value of the collateral is maintained at a minimum of 150% of the value of the DAI that is issued. This ensures that there is always sufficient collateral to back the stablecoin and maintain its stability.
How does DAI work
The technology behind DAI is complex but can be broken down into several key components. The first component of the DAI technology is the CDP smart contract. This smart contract is used to collateralize assets to back the DAI stablecoin. Users can deposit Ethereum and other ERC-20 tokens into a CDP and receive DAI in return.
The value of the collateral is maintained at a minimum of 150% of the value of the DAI that is issued. This ensures that there is always sufficient collateral to back the stablecoin and maintain its stability.
The second component of the DAI technology is the stability mechanism. The stability mechanism is designed to ensure that the price of DAI remains stable at one US dollar. If the price of DAI rises above one US dollar, then the MakerDAO system incentivizes users to create more DAI by lowering the interest rate on CDPs.
If the price of DAI falls below one US dollar, then the MakerDAO system incentivizes users to buy back DAI by raising the interest rate on CDPs. This mechanism ensures that the price of DAI remains stable over time.
The third component of the DAI technology is the governance system. The governance system is used to manage the MakerDAO platform and make decisions about its future. Anyone who holds the DAI governance token can participate in the governance system.
The system is designed to be decentralized and transparent, with voting rights weighted by the amount of DAI each user holds. The governance system is responsible for making decisions about changes to the platform, such as adjusting the stability mechanism or adding new collateral types.
The final component of the DAI technology is the Ethereum blockchain itself. DAI is built on top of the Ethereum blockchain, which provides a secure and decentralized platform for creating and managing the stablecoin. The Ethereum blockchain stores the smart contracts that power the DAI system and executes transactions between users.
What is DAI used for
The DAI stablecoin is used for various purposes in the cryptocurrency ecosystem. One of its most significant use cases is as a medium of exchange. It can be used to buy and sell goods and services like any other currency. Additionally, it can be used as a store of value, as its price stability makes it an attractive alternative to volatile cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).
Another critical use case for DAI is accessing decentralized finance (DeFi) applications. DeFi is a new and rapidly growing field that uses blockchain technology to create financial applications that are decentralized, transparent, and accessible to everyone.
Many DeFi applications use DAI as a stablecoin because it offers a stable value that is not subject to the volatility of other cryptocurrencies. As a result, DAI is used in various DeFi applications, including lending, borrowing, and trading.
The DAI token itself is used to govern the MakerDAO platform. Holders of DAI can participate in the MakerDAO governance system, allowing them to vote on proposals and make decisions about the platform's future. The governance system is designed to be decentralized and transparent; anyone can participate by holding DAI tokens.
About the founders
The founders of MakerDAO are Rune Christensen and Andy Milenius.Rune Christensen is the CEO and co-founder of MakerDAO. He has a background in design and entrepreneurship, having previously founded a web development and design agency. Christensen has been the driving force behind the creation of DAI and the MakerDAO platform.
Andy Milenius was the CTO and co-founder of MakerDAO. He has a background in software engineering, having previously worked at Google and several startups. Milenius was responsible for the technical design of the MakerDAO platform, including the development of the smart contracts that power the system. Milenius left the company in 2019.
The MakerDAO team has created a revolutionary stablecoin backed by collateral and designed to maintain a stable value of one US dollar. The team has a deep understanding of blockchain technology and has been working on the concept of a decentralized stablecoin for several years.
The MakerDAO team is highly respected in the blockchain community and has received several awards and accolades. Additionally, the MakerDAO platform has been recognized as one of the world's most innovative and impactful blockchain projects.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 6.9K new posts about DAI, driven by 4.8K contributors, and total online engagement reached 6.9M social interactions. The sentiment score for DAI currently stands at 73%. Compared to all cryptocurrencies, post volume for DAI currently ranks at 0. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of DAI.
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Posts
6,872
Contributors
4,755
Interactions
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Sentiment
73%
Volume rank
#0
X
Posts
1,880
Interactions
254,709
Sentiment
70%
DAI FAQ
What is DAI, and how is it created?
DAI is a stablecoin created through the Maker Protocol, a decentralized finance (DeFi) platform built on the Ethereum blockchain. DAI is generated by users who deposit collateral, such as Ether, into Maker Vaults and then mint DAI against that collateral. The Maker Protocol uses a system of smart contracts to ensure that the value of the collateral consistently exceeds the value of the DAI created, which helps to maintain the stability of the DAI token.
Where can I buy DAI?
Easily buy DAI tokens on the OKX cryptocurrency platform. One available trading pair in the OKX spot trading terminal is DAI/USDT.
DAI holders can store their tokens in various cryptocurrency wallets, including hardware and software wallets. However, storing DAI in a secure wallet is essential to protect it from potential hacks or theft.
We provide a highly secure and multi-chain OKX Web3 Wallet with all OKX accounts. It can safely store DAI or any other cryptocurrency for as long as needed. In addition, the OKX Web3 Wallet features bank-grade security and inbuilt access to hundreds of decentralizedapplications (DApps) and the OKX NFT Marketplace.
What is the Maker Protocol, and how does it work?
The Maker Protocol is a DeFi platform that powers the creation of the DAI stablecoin. The Protocol uses a system of smart contracts to allow users to deposit collateral into Maker Vaults and mint DAI against that collateral.
The Maker Protocol also includes the MakerDAO governance system, which allows users to vote on changes to the platform, such as adjustments to the stability fee or collateralization ratio. The Maker Protocol is designed to be decentralized and transparent, with no central authority controlling the creation or management of DAI.
How does DAI ensure liquidity for its users?
DAI ensures liquidity for its users through several mechanisms. First, because DAI is a stablecoin with a value pegged to the US dollar, it can be easily exchanged for other cryptocurrencies or fiat currencies.
Additionally, DAI is listed on several cryptocurrency exchanges, including OKX, which provides users access to liquidity in various markets. Finally, the Maker Protocol includes a system of auctions that can be used to buy and sell DAI in the event of extreme market volatility, which helps maintain the token's stability and ensure that users can always access liquidity when they need it.
What is the difference between DAI and other stablecoins?
Unlike other stablecoins backed by fiat currency or commodities, DAI is backed by CDPs on the Ethereum blockchain. This means that DAI's stability is not tied to any centralized authority or external asset, making it a more decentralized and transparent stablecoin option.
Additionally, because the value of DAI is not tied to any specific asset, it can be used in a broader range of applications. As a result, it can be more easily integrated into DeFi ecosystems.
How does the DAI ecosystem incentivize stability?
The DAI ecosystem incentivizes stability through a system of penalties and rewards. If the value of DAI falls below its $1 peg, users who hold DAI can vote to increase the stability fee, which increases the cost of creating new DAI and incentivizes users to hold or buy DAI until the price stabilizes. Conversely, if the value of DAI rises above its $1 peg, the stability fee is lowered, incentivizing users to sell DAI and bringing the price back down.
What is the stability fee, and how does it affect DAI?
The stability fee is a fee paid by users who generate new DAI through collateralized debt positions (CDPs). The fee incentivizes users to hold or buy DAI when its value falls below the $1 peg.
Suppose the value of DAI falls below $1. In that case, the stability fee is raised, which increases the cost of generating new DAI and incentivizes users to hold or buy existing DAI until the price stabilizes. Conversely, if the value of DAI rises above $1, the stability fee is lowered, incentivizing users to sell DAI and bringing the price back down.
What is the role of MKR in the DAI ecosystem?
MKR is the native cryptocurrency of the MakerDAO platform, which powers the DAI stablecoin. MKR is used to govern the MakerDAO platform and to vote on changes to the system, such as changes to the stability fee.
Additionally, when users generate new DAI through collateralized debt positions (CDPs), they must pay a small amount of MKR as a transaction fee. The MKR collected from these transaction fees is burned, which reduces the total supply of MKR over time.
What is the DAI savings rate?
The DAI savings rate is an annualized interest rate paid to users who hold DAI in a designated savings account. The DAI savings rate is calculated based on the stability fee, the interest rate charged on collateral deposited in Maker Vaults.
When the stability fee is higher than the DAI savings rate, users are incentivized to hold DAI in the savings account and earn interest rather than using it to generate more DAI. The DAI savings rate can vary over time based on changes to the stability fee and demand for DAI. Holding DAI in the savings account can be a helpful strategy for users who want to earn a return on their assets without exposing themselves to excessive risk.
Is DAI safe to use?
DAI is built on the Ethereum blockchain, known for its robust security features. Additionally, because DAI operates in a decentralized manner, it is not subject to the same risks as traditional fiat currencies.
However, as with any crypto asset, including stablecoins and cryptos like Bitcoin (BTC) or XRP (XRP), there are risks associated with using DAI, such as the risk of price changes and volatility, the risk of losing access to your funds if you lose your private keys, and the risk of smart contract bugs.
Can the all-time high and all-time low for DAI be used to predict future price movements?
While the all-time high and all-time low for DAI can provide helpful context for traders, they should not be used as the basis for making purchasing decisions.The price of DAI, like any asset, is influenced by various factors, including market conditions, demand for the token, and overall sentiment toward the DeFi ecosystem. Therefore, it's essential to do your own research, stay informed about market trends, and consider all factors before buying DAI.
What affects the maximum supply of DAI?
The max supply of DAI is not fixed but is instead determined by the demand for the token and the amount of collateral held in Maker Vaults. As more collateral is deposited into Maker Vaults, more DAI can be generated, increasing the token supply.
Conversely, if the value of the collateral falls or demand for DAI decreases, the token supply can be reduced. This flexible supply mechanism helps to ensure that the value of DAI remains stable and that the token can be easily exchanged for other assets.
What is the future of DAI?
The future of DAI looks promising. As the cryptocurrency market continues to mature, stablecoins like DAI are becoming more widely adopted to avoid the volatility associated with other digital currencies.
Additionally, as the Ethereum ecosystem grows, more decentralized applications are being built on top of the platform, likely increasing the demand for DAI. Finally, the development team behind DAI is constantly working to improve the system's stability and add new features, which should help drive adoption in the future.
How much is 1 DAI worth today?
Currently, one DAI is worth $1.0001. For answers and insight into DAI's price action, you're in the right place. Explore the latest DAI charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as DAI, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as DAI have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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