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MakerDAO, the pioneer of decentralized stablecoins, introduced DAI, a stablecoin pegged to the US dollar. DAI relies on a system of collateralized debt positions and an autonomous interest rate model to maintain its stability. As the OG of decentralized stablecoins, DAI offers a censorship-resistant alternative to traditional stablecoins, providing stability in volatile markets while preserving the benefits of blockchain technology.
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