{"id":17939,"date":"2022-07-11T07:04:00","date_gmt":"2022-07-11T07:04:00","guid":{"rendered":"https:\/\/zebpay.com\/in\/?page_id=17939"},"modified":"2022-07-11T07:04:00","modified_gmt":"2022-07-11T07:04:00","slug":"buy-dai","status":"publish","type":"page","link":"https:\/\/zebpay.com\/in\/buy-dai","title":{"rendered":"Buy DAI"},"content":{"rendered":"<div class=\"breadcrumbs wow animate__fadeInUp wp-block-bcn-breadcrumb-trail\" vocab=\"https:\/\/schema.org\/\" typeof=\"BreadcrumbList\">\n\t<span><\/span>\n\t<span property=\"itemListElement\" typeof=\"ListItem\"><a property=\"item\" typeof=\"WebPage\" title=\"Go to Home.\" href=\"https:\/\/zebpay.com\/in\" class=\"home\" ><span property=\"name\">Home<\/span><\/a><meta property=\"position\" content=\"1\"><\/span><span class=\"separator\"><\/span><span property=\"itemListElement\" typeof=\"ListItem\"><a property=\"item\" typeof=\"WebPage\" title=\"Go to Blog.\" href=\"https:\/\/zebpay.com\/in\/blog\" class=\"post-root post post-post\" aria-current=\"page\"><span property=\"name\">Blog<\/span><\/a><meta property=\"position\" content=\"2\"><\/span><\/div>\n\n\n<div class=\"lazyblock-page-banner-cp78s banner-only-title wp-block-lazyblock-page-banner\"><div class=\"container container--medium\">\r\n    <div class=\"banner__row banner__row--\">\r\n        <div class=\"banner__copy banner__copy--normal banner__copy--center \">\r\n            \n\n<h1 class=\"wp-block-heading\" id=\"legal-privacy\">Buy, Sell and Trade DAI<\/h1>\n\n        <\/div>\r\n        \r\n                <div id=\"particles-js\"><\/div>\r\n            <\/div>\r\n<\/div><\/div>\n\n<div class=\"lazyblock-section-ZY0J1C custom-accordion-with-num legal-privacy-accordion   wow animate__fadeInUp content-sec wp-block-lazyblock-section\"><div class=\"block-section\">\r\n    <div class=\"container container--full \">\r\n        \n\n<h2 class=\"wp-block-heading\">Why buy DAI?<\/h2>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide\"\/>\n\n\n\n<p>1) The idea behind Maker DAI is to create a rock solid, trust based stablecoin. The purpose of a stablecoin is to eliminate a crucial problem that cryptocurrencies tend to face \u2013 volatility.<\/p>\n\n\n\n<p>2) There is however a crucial difference between DAI, which is built on the maker platform and other stablecoins. Basically, DAI\u2019s value proposition is that it combines the stability of a stablecoin with the truthfulness of the decentralized Ethereum blockchain.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">About DAI Network<\/h2>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide\"\/>\n\n\n\n<p>1) DAI is an ERC20 token on the Ethereum blockchain, pegged to the US dollar, so that 1 DAI = 1 USD. Dai is the currency used for money lending on MakerDAO. When you take out a loan, Dai is created. When you pay it back, it\u2019s destroyed. Dai can be backed by multiple collateral assets, including Ethereum and Basic Attention Token (BAT).<\/p>\n\n\n\n<p>2) There are two fundamental differences between dai and other stablecoins such as Tether (USDT). First, dai is not backed by fiat reserves held in a bank like its other stablecoin counterparts. Second, dai\u2019s transparency can be seen on the blockchain at all times, as opposed to needing an audit to verify its position.<\/p>\n\n    <\/div>\r\n<\/div><\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":17,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"footnotes":""},"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/pages\/17939"}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=17939"}],"version-history":[{"count":0,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/pages\/17939\/revisions"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=17939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}