As announced a few days ago, Young has formed an important partnership with MakerDAO, one of the most innovative projects on the international blockchain scene and part of the “DeFi” movement.

This partnership involves the listing of Dai, the first decentralised stablecoin in the world issued by MakerDAO.

The long-awaited day finally arrived: from now on you can purchase and sell Dai on our Young Platform exchange!

 

Why did Young Platform decide to list Dai?

Dai is the first decentralised stablecoin in the world issued by MakerDAO on the Ethereum blockchain. Volatility is avoided through an autonomous system of smart contracts specifically designed to face market dynamics. Since its launch in 2017, Dai has successfully maintained its peg to the US dollar.

Its stability is very useful in situations of high market volatility.

 

What is the value of 1 Dai?

(1 Dai ≃ 1$)

It means that, for example, converting 1,000 Euros into Dai, you will end up with the equivalent in US dollars.

According to this example: if 1€ corresponds to $1.12

Then 1000 Euro = 1124 Dai

Which DAI pairs will be available on Young Platform?

DAI/EUR

DAI/ETH

What are the transaction fees for Dai?

DAI – EUR: 2.5%

DAI – ETH: 1.35%

 

In the coming weeks, we will publish new articles on our Academy about Dai and its many applications in the real economy.

Stay tuned!