Trending...
- LS2 Partners with Angels Of Dirt's "Next Chapter Racer" Series Celebrating Women and Girls in Motorsports
- Everything Policy Unveils Their Classroom Resources Behind Every Policy Topic
- Timbrana Helps General Contractors Improve Jobsite Visibility and Subcontractor Accountability
Community-driven exchange BiKi.com is pleased to announce that it has listed DAI, a stablecoin on the protocol MakerDAO. Known as the largest decentralized stablecoin, it is also the second largest stablecoin overall in terms of collateral value.
"BiKi is pleased to have many of the top 100 coins listed with us over the last month, and now DAI has joined too," said Ethan Ng, Southeast Asia CEO of BiKi.com. "We are honored that such a popular project has placed their trust in us to provide exceptional listing services as we stay true to our promise of helping projects grow in top crypto markets like China, South Korea and Vietnam, through continuous branding exposure. Already a well-known project, I have no doubt in DAI's potential to thrive and play a part in the flourishing of the DeFi ecosystem."
This listing sees BiKi.com offering DAI trading as well as Dai Savings Rate (DSR) to its platform users. A variable rate of accrual earned by locking DAI in the DSR smart contract, DSR allows DAI holders to earn savings automatically and natively while retaining control of their DAI. With no withdrawal limits, deposit limits or liquidity constraints, users can freely enter in and out of the DSR, only needing to pay the ETH fee.
The DSR is also a monetary policy tool used as a global parameter that can be raised or lowered by Maker (MKR) on-chain governance to influence demand for the DAI token. When DSR is raised it incentivizes users to hold more DAI, creating more demand, while the opposite effect occurs when DSR is lowered. The decentralized community of MKR token holders govern the MKR Protocol, the smart contracts that power DAI.
More on The PennZone
"The inherent efficiency of the Maker Protocol and, by extension, the DeFi ecosystem, are what allow the DSR to provide great savings opportunities for people everywhere," said Rune Christensen, CEO of MakerDAO.
"The most amazing aspects of the DSR are that it has no counterparty credit risks and it can be implemented on the backend of any DeFi product that uses Dai," he added.
"We are excited to see BiKi Exchange offer DAI trading and DSR," said Doo Wan Nam, MakerDAO Business Development. "We hope the integration of Dai and DSR will increase Dai use cases and awareness. Ranging from loans to games to remittance, Dai hedges users from volatility while providing financial freedom. The world's first unbiased currency."
Unlike most stablecoins that are fiat-backed and centralized, DAI is crypto-based and decentralized. It is also widely used and recognized, having over 550 live Dai integrations, such as that with UNICEF, and the numbers are growing. Derived from the Chinese character 貸, meaning to lend or provide capital for a loan, the original Dai (now Sai) Stablecoin System was launched in December 2017. Then in November 2019, the current Dai system was launched. The new Multi-Collateral Dai (MCD) upgrades the Single-Collateral Dai (Sai) and includes the DSR feature, allowing DAI holders everywhere to better power their journeys to financial inclusion.
Currently over USD 714 million worth of assets is locked in the system including around USD 66.5 million locked for DSR which is over 55% of total DAI. MakerDAO has received investments from top funds such as Andreessen Horowitz, Polychain and Dragonfly Capital.
More on The PennZone
MakerDAO joins the ranks of other projects like Dash, Electroneum and Matic, who were listed on the BiKi platform over the past month. Increasingly gaining the attention of popular tokens in the industry, BiKi's listing services include continuous branding exposure, community building with key influencers as well as joint campaigns. These attractive benefits will continue to attract premium projects for listing on the community-driven exchange.
About BiKi.com:
Headquartered in Singapore, BiKi.com is a global cryptocurrency exchange ranked Top 20 on CoinMarketCap. BiKi.com provides a digital assets platform for trading more than 150 cryptocurrencies and 280 trading pairs. BiKi.com is focused on providing the safest, most stable and most effective cryptocurrency trading platform. 100% of the transaction fees are used in buyback and burning of platform token, BIKI. Since its official opening in August 2018, BiKi.com is considered one of the fastest-growing cryptocurrency exchanges in the world with an accumulated 2 million registered users, 200,000 daily active users, over 2,000 community partners and 200,000 community members. BiKi.com has received investments from Huobi co-founder Du Jun, Genesis Capital Zhu Huai Yang, FBG Capital, ChainUP and others totaling approximately 10 million USD.
Media Contact:
Marketing Team
Chang Jie Lin, BiKi.com
media@biki.com
+65-94556702
Cecilia Wong, yourPRstrategist.com
cecilia@yourPRstrategist.com
+65-91826605
"BiKi is pleased to have many of the top 100 coins listed with us over the last month, and now DAI has joined too," said Ethan Ng, Southeast Asia CEO of BiKi.com. "We are honored that such a popular project has placed their trust in us to provide exceptional listing services as we stay true to our promise of helping projects grow in top crypto markets like China, South Korea and Vietnam, through continuous branding exposure. Already a well-known project, I have no doubt in DAI's potential to thrive and play a part in the flourishing of the DeFi ecosystem."
This listing sees BiKi.com offering DAI trading as well as Dai Savings Rate (DSR) to its platform users. A variable rate of accrual earned by locking DAI in the DSR smart contract, DSR allows DAI holders to earn savings automatically and natively while retaining control of their DAI. With no withdrawal limits, deposit limits or liquidity constraints, users can freely enter in and out of the DSR, only needing to pay the ETH fee.
The DSR is also a monetary policy tool used as a global parameter that can be raised or lowered by Maker (MKR) on-chain governance to influence demand for the DAI token. When DSR is raised it incentivizes users to hold more DAI, creating more demand, while the opposite effect occurs when DSR is lowered. The decentralized community of MKR token holders govern the MKR Protocol, the smart contracts that power DAI.
More on The PennZone
- Air Force Veteran Sean Douglas Delivers Powerful Suicide Prevention Presentations to Hundreds of Marines at Camp Pendleton
- Ashley Russo Receives Linny Lifetime Achievement Award
- How to Choose a Heating Repair Company in Philadelphia
- Renew Integrative Health Publishes Updated Peptide Therapy Guide to Help Patients Understand Their Options
- Lehigh County Drug and Alcohol Celebrates Grand Opening of Journeys
"The inherent efficiency of the Maker Protocol and, by extension, the DeFi ecosystem, are what allow the DSR to provide great savings opportunities for people everywhere," said Rune Christensen, CEO of MakerDAO.
"The most amazing aspects of the DSR are that it has no counterparty credit risks and it can be implemented on the backend of any DeFi product that uses Dai," he added.
"We are excited to see BiKi Exchange offer DAI trading and DSR," said Doo Wan Nam, MakerDAO Business Development. "We hope the integration of Dai and DSR will increase Dai use cases and awareness. Ranging from loans to games to remittance, Dai hedges users from volatility while providing financial freedom. The world's first unbiased currency."
Unlike most stablecoins that are fiat-backed and centralized, DAI is crypto-based and decentralized. It is also widely used and recognized, having over 550 live Dai integrations, such as that with UNICEF, and the numbers are growing. Derived from the Chinese character 貸, meaning to lend or provide capital for a loan, the original Dai (now Sai) Stablecoin System was launched in December 2017. Then in November 2019, the current Dai system was launched. The new Multi-Collateral Dai (MCD) upgrades the Single-Collateral Dai (Sai) and includes the DSR feature, allowing DAI holders everywhere to better power their journeys to financial inclusion.
Currently over USD 714 million worth of assets is locked in the system including around USD 66.5 million locked for DSR which is over 55% of total DAI. MakerDAO has received investments from top funds such as Andreessen Horowitz, Polychain and Dragonfly Capital.
More on The PennZone
- Timbrana Addresses the Missing Follow-Through in Commercial Construction Projects
- AI Agents Are Getting Their Own Computers. HRTech Leading in Vertical Harness Development
- UK Financial Ltd Announces Two-for-One Upgrade of Maya 3 to Maya 3G Token Using Chainlink Cross-Chain Technology
- JKS Financial Gives Back Through Light of Life Rescue Mission Food Pantry
- Critical FDA Milestone much Closer as Preservative-Free Ketamine Review Advances: NRx Pharmaceuticals (N A S D A Q: NRXP)
MakerDAO joins the ranks of other projects like Dash, Electroneum and Matic, who were listed on the BiKi platform over the past month. Increasingly gaining the attention of popular tokens in the industry, BiKi's listing services include continuous branding exposure, community building with key influencers as well as joint campaigns. These attractive benefits will continue to attract premium projects for listing on the community-driven exchange.
About BiKi.com:
Headquartered in Singapore, BiKi.com is a global cryptocurrency exchange ranked Top 20 on CoinMarketCap. BiKi.com provides a digital assets platform for trading more than 150 cryptocurrencies and 280 trading pairs. BiKi.com is focused on providing the safest, most stable and most effective cryptocurrency trading platform. 100% of the transaction fees are used in buyback and burning of platform token, BIKI. Since its official opening in August 2018, BiKi.com is considered one of the fastest-growing cryptocurrency exchanges in the world with an accumulated 2 million registered users, 200,000 daily active users, over 2,000 community partners and 200,000 community members. BiKi.com has received investments from Huobi co-founder Du Jun, Genesis Capital Zhu Huai Yang, FBG Capital, ChainUP and others totaling approximately 10 million USD.
Media Contact:
Marketing Team
Chang Jie Lin, BiKi.com
media@biki.com
+65-94556702
Cecilia Wong, yourPRstrategist.com
cecilia@yourPRstrategist.com
+65-91826605
0 Comments
Latest on The PennZone
- Glenn Strange - Iconic Horror actor of Universal Studios Frankenstein's Monster Fame Honored
- Creole101 Launches Multilingual Dictionary App with 50,000+ Entries, Vocabulary Games and Haitian Cultural Resources
- Hilton Waikiki Beach Resort & Spa Introduces Level 37 Sky Lounge by Casamigos
- Self-Published Dad's Santa Book Finally Found After 3 Years on Amazon
- Meta Partnership Expanding as Omni One Orders Surge 3X -New Consumer Bundles, Defense Opportunities & AI Robotics: Virtuix Holdings: N A S D A Q: VTIX
- Roots for Boots to Participate in 2026 Adams County Community Foundation Giving Spree
- Timbrana Helps General Contractors Improve Jobsite Visibility and Subcontractor Accountability
- Citizens for West Virginia Election Integrity Urges "FOR" on Amendment 1
- Vegan Kingz Expands Direct-Import Wholesale Lineup to Help Commercial Kitchens Cut Ingredient Costs
- Everything Policy Unveils Their Classroom Resources Behind Every Policy Topic
- Acuvance Survey Finds ERP Integration Remains a Key Challenge as Healthcare Organizations Prepare for AI
- Constantine "Costa" Kapothanasis II Acquires The Lubri-Loy Company, Carrying a 77-Year-Old American Lubricant Brand Into Its Next Era
- LS2 Partners with Angels Of Dirt's "Next Chapter Racer" Series Celebrating Women and Girls in Motorsports
- Danish company biosuite introduces biotech procurement software to track outsourced R&D commitments
- Ten Ten Ten Announces Alento, Its Initiative to Help Independent Primary Care Thrive
- JFAB Consulting to Celebrate New Brand with Private VIP Event at Acrisure Stadium
- Industrial & systems engineering educator and professional to lead global strategic partnerships for professional society
- Convergence of AI, Wearable Technology, Remote Patient Monitoring and Real-World Healthcare: PomDoctor Ltd. (N A S D A Q: POM)
- Timbrana — Construction Project Awareness Software for General Contractors
- Service Guys Urges Ontario Homeowners to Book Chimney Cleaning and WETT Inspections Before the 2026 Heating Season