<p>Founded in 2017, Ouyi OKX has the world's leading digital currency trading platform, a decentralized ecological aggregation platform Web3 wallet, and created an industry-leading trading system - a unified trading account. Users can easily manage CeFi &amp; Web3 assets at the same time. Ouyi provides services such as spot, derivatives trading and financial products of Bitcoin, Ethereum and other digital currency assets to global users, helping users manage and invest in encrypted assets conveniently and quickly. Ouyi Web3 wallet is the most comprehensive decentralized heterogeneous multi-chain wallet, supporting 60+ public chains, built-in wallet, trading, earning coins, NFT market, and Dapp exploration 5 major sections, which is convenient for users to experience the Web3 world in one stop. Ouyi Blockdream Ventures has invested in hundreds of blockchain projects around the world to promote the prosperity of the encrypted economy. In the future, Ouyi will continue to develop into Web3.0, Metaverse, DeFi, GameFi and other fields. At present, Ouyi has more than 50 million users in the world, covering more than 180 countries and regions; it has offices in the United States, Singapore, Malta, Dubai and other regions around the world. Ouyi will continue to provide users with safe, stable and credible digital currency asset transactions, and provide users with safe and rich direct access to the Web3 world.</p>

Multi-collateral DAI

<p>Dai is the largest decentralized stablecoin on Ethereum. Developed and managed by MakerDAO, Dai is the infrastructure for decentralized Finance (DeFi). Dai is issued by full collateral on the chain of assets and is anchored 1:1 to the DOLLAR, with 1Dai=1 DOLLAR. Individuals and businesses can obtain safe-haven assets and liquidity by exchanging or mortgaging Dai. Dai has been applied in mortgage lending, margin trading, international transfer and supply chain finance. </p>
The <p>Maker protocol, also known as the Multi-mortgage Dai (MCD) system, allows users to generate A Dai by leveraging a mortgage asset approved by Maker Governance. Maker Governance is the community organizing and operating process for managing all aspects of the Maker protocol. Dai is a decentralized, unbiased, mortgage-backed cryptocurrency pegged to the US dollar. Dai's low volatility protects against hyperinflation and provides economic freedom and opportunity for anyone, anywhere. </p>
<p>Dai Stable currency is a digital currency backed by mortgage assets whose price remains stable against the DOLLAR. Maker is a smart contract platform on Ethereum that supports and stabilizes Dai prices through CDP, automated feedback mechanisms and appropriate external incentives. The Maker platform gives anyone the opportunity to leverage DAI with Ethereum assets. When Dai is created, it can be used like any other digital currency asset: freely distributed to others, as a means of payment for goods and services, or in long-term storage. Importantly, the emergence of Dai is also a necessity for robust decentralized leveraged trading platforms. </p>
<p> All DAIs are created by mortgaging digital assets on the chain. The launch of Dai was made possible through a series of smart contracts. This series of smart contracts is called CDP (Collateralized debt obligation Position). In current market conditions, a user needs to pledge at least 150% of ETH value (i.e., $150 ETH value) in order to obtain the equivalent of $100 Dai, and the safety valve value is 200%. This percentage is called the Collateralization ratio. </p>
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The CDP of the <div>Dai system also has another parameter, called Liquidation Ratio, which is the lowest pledge rate acceptable to the system, i.e. 150%. When the market value fluctuates so that the pledge rate falls below the liquidation rate, the ETH pledged by the CDP is auctioned and the Dai obtained from the auction is destroyed, thus ensuring a stable ratio of the overall pledge to the ISSUED Dai. </div>
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Multi-collateral DAI (DAI) Intro

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Coinbase Faces Lawsuit Over Frozen $55M DAI

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