About DAI and INDY
Dai is falling, while Indigo Protocol is climbing this week. The current DAI to INDY conversion rate is 9.93. Inversely, this means that if you convert 1 INDY you will get 0.1007 DAI. The conversion rate of DAI/INDY has increased by 0.43% in the last hour (INDY/DAI decreased by 0.43%). In the last 24 hours, DAI/INDY shrunk by 1.61%, while INDY/DAI grew by the same amount.
The exchange rate of Dai is decreasing. The current value of 1 DAI is 9.93 INDY. In other words, to buy 5 Dai, it would cost you 49.66 INDY. Inversely, 1 INDY would allow you to trade for 0.1007 DAI while 50 INDY would convert to 5.03 DAI, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 6.5%. Meanwhile, in the last 24 hours, the rate has changed by 2.76%, which means that the highest exchange rate of 1 DAI to INDY was 10.28 INDY and the lowest 24 hour value was 1 DAI for 9.92 INDY. Last month, 1 DAI was worth 11.19 INDY. Today, it's down 12.67%. Looking back a year, Dai has changed by 0.7842 INDY. That means that in a single year, the value of Dai has grown by 92.1%.
Dai Market Stats
Dai (DAI) is a decentralized stablecoin running on Ethereum (ETH) that attempts to maintain a value of $1.00 USD. Unlike centralized stablecoins, Dai isn't backed by US dollars in a bank account. Instead, it’s backed by collateral on the Maker platform. Note: if the Dai credit system is upgraded or shutdown, Dai holders may need to convert their Dai to Ethereum through the Maker platform. Read more at makerdao.com/whitepaper.
Indigo Protocol Market Stats
What is Indigo Protocol? Indigo is an autonomous synthetics protocol for on-chain price exposure to real-world assets, built on Cardano, and has brought the first Native Stablecoin to the Cardano ecosystem, iUSD. How does Indigo work? Indigo allows anyone to create synthetic assets, known as iAssets. iAssets can be created using currencies such as stablecoins and ADA. They have the same price effect as holding the asset being replicated. This allows you to gain profit from the increase in price of an asset without owning the original asset itself. What are Synthetic Assets? Synthetic Assets give users exposure to a variety of assets without the need to actually own the underlying asset. These assets can be anything that has value in the real world. With its transparency, efficiency, low barriers to entry, and decentralized traits, the Blockchain can smoothly deliver all these assets to anyone with access to the Internet. The INDY governance token comes from its use in the Indigo DAO voting process. The total supply of INDY will be 35M tokens with a 6-decimal precision. The max supply of INDY will be distributed to protocol users, stakers, and LPs over the course of four years. We believe in a fair distribution of the INDY tokens to the early adopters of the protocol, therefore there will be NO community pre-sale via ICO/ISO/ISPO. What is the Indigo DAO? Indigo is a decentralized community-led project. The Indigo DAO owns the Indigo Protocol, including the application, website, and all intellectual property. A DAO (decentralized autonomous organization) is like a company, but instead of being incorporated in a country is established in a blockchain. You, the Indigo community, control the decisions for the Indigo DAO. You can cast your votes using the INDY token. A forum has been established to help facilitate community votes. All Indigo community members are encouraged to join the forum to propose, discuss and vote on ideas to guide Indigo’s future direction.
Conversion tables
DAI to INDY values from Today at 9:38 pm
0.5 DAI = 4.97 INDY |
1 DAI = 9.93 INDY |
5 DAI = 49.66 INDY |
10 DAI = 99.31 INDY |
50 DAI = 496.57 INDY |
100 DAI = 993.13 INDY |
500 DAI = 4,965.67 INDY |
1,000 DAI = 9,931.35 INDY |
INDY to DAI values from Today at 9:37 pm
0.5 INDY = 0.05035 DAI |
1 INDY = 0.1007 DAI |
5 INDY = 0.5035 DAI |
10 INDY = 1.01 DAI |
50 INDY = 5.03 DAI |
100 INDY = 10.07 DAI |
500 INDY = 50.35 DAI |
1,000 INDY = 100.69 DAI |
DAI to INDY over time
DAI | Today | 24H -2.76% | 1M -12.67% | 1Y 92.10% |
|---|---|---|---|---|
0.5 DAI | 4.97 INDY | 5.10 INDY | 5.59 INDY | 0.3921 INDY |
1 DAI | 9.93 INDY | 10.21 INDY | 11.19 INDY | 0.7842 INDY |
5 DAI | 49.66 INDY | 51.03 INDY | 55.95 INDY | 3.92 INDY |
10 DAI | 99.31 INDY | 102.05 INDY | 111.90 INDY | 7.84 INDY |
50 DAI | 496.57 INDY | 510.25 INDY | 559.50 INDY | 39.21 INDY |
100 DAI | 993.13 INDY | 1,020.50 INDY | 1,119.00 INDY | 78.42 INDY |
500 DAI | 4,965.67 INDY | 5,102.51 INDY | 5,594.99 INDY | 392.11 INDY |
1,000 DAI | 9,931.35 INDY | 10,205.02 INDY | 11,189.99 INDY | 784.22 INDY |
Frequently asked questions
Right now, 1 Dai is worth about $0.9998.
Based on the current rate, you could get 1.00 DAI for 1 USD.
Dai price has been on the rise. Since yesterday, the exchange rate of Dai has increased. Since last month, the exchange rate of Dai has increased. Since this time last year, the price of Dai has increased.
You can use our DAI to USD calculator at the top of this page to convert any amount of DAI to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 5.00 DAI. Inversely, 5 DAI will cost about $5.00
Dai is available to trade on DEX within your Coinbase app. Check out our guide to get more detailed instructions on how to buy Dai.
There are a number of crypto assets that have the a similar or comparable market cap to Dai, including Canton, World Liberty Financial USD, and Bitcoin Cash. For a more robust list of assets to explore, jump to the asset page dedicated to Dai.
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