Geist Dai
gDAI is an interest-accruing token that represents a DAI deposit in the Geist lending market
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- Asset Type: ERC-20
- Fully Diluted Valluation: $915.3K
- Total Supply: 915,336
- ATH: $1.01 (05/12/2022)
- ATL: $0.89 (03/11/2023)
gDAI is a mid-cap undercollateralized asset. This asset is exposed to the underlying risks of Multichain, Maker, and Geist, which are protocols rated as Watch out, Best, and Watch out, respectively.
gDAI is a stablecoin that usually trades within 20bps of its peg to USD, which makes it a solid store of value.
gDAI has an uncapped supply but has inflation control or burn mechanisms in place. gDAI is a receipt of a deposit of DAI.e in the Geist lending protocol and accrues interest. DAI on Fantom is backed 1:1 by DAI locked in the Multichain bridge protocol on the Ethereum chain. DAI is the most battle-tested, decentralized stablecoin in DeFi.
gDAI is a stablecoin that usually trades within 20bps of its peg to USD, which makes it a solid store of value.