About DAI and VDOT
Dai is falling, while Voucher DOT is climbing this week. The current DAI to VDOT conversion rate is 0.506. Inversely, this means that if you convert 1 VDOT you will get 1.98 DAI. The conversion rate of DAI/VDOT has increased by 1.07% in the last hour (VDOT/DAI decreased by 1.07%). In the last 24 hours, DAI/VDOT shrunk by 7.57%, while VDOT/DAI grew by the same amount.
The exchange rate of Dai is decreasing. The current value of 1 DAI is 0.506 VDOT. In other words, to buy 5 Dai, it would cost you 2.5298 VDOT. Inversely, 1 VDOT would allow you to trade for 1.98 DAI while 50 VDOT would convert to 98.82 DAI, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 17.21%. Meanwhile, in the last 24 hours, the rate has changed by 8.38%, and that the highest exchange rate of 1 DAI to VDOT was 0.5516 VDOT and the lowest 24 hour value was 1 DAI for 0.5025 VDOT. Last month, 1 DAI was worth 0.6851 VDOT. Today, it's down 35.4%. Looking back a year, Dai has changed by 0.1614 VDOT. That means that in a single year, the value of Dai has grown by 68.11%.
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.
Voucher DOT Market Stats
vDOT (voucher DOT) is a liquid staking derivative (LSD) of staked DOT, with fully underlying DOT reserve and yield-bearing feature of DOT staking reward. Users can deposit DOT into Bifrost SLP protocol and get vDOT as return, vDOT can be traded in the open market or be redeemed back to DOT. Holding vDOT equals to holding the DOT staking position, staking rewards appriciate the exchange price of vDOT. Why vDOT? 1. Liquid Staking The product allows users to stake DOT for liquid vToken, (vDOT). vDOT will keep receiving staking rewards and can continue to be used in Bifrost and Polkadot-based DeFi for additional rewards. 2. Automatically Staking rewards capturing without scenario limitations SLP will issue Staking rewards to vDOT by adjusting the price of vDOT / DOT upwards. vDOT Rate = SLP Staking DOT (SUM) / vDOT Total Issuance. 3. Floating redemption period, vDOT redemption ≤ 28 days While Polkadot’s original chain Staking has a fixed 28-day redemption period, Bifrost SLP helps users to realize the possibility of early vDOT redemption by matching the real-time vDOT minting quantity with the redemption quantity at the protocol layer in the form of a queue. Theoretically, it can achieve second-level redemption. 4. Higher Staking Yield In the SLP protocol, the protocol screens more than 10 verified nodes through governance (subsequently increasing with the overall staking volume) and adds multiple filters such as the number of nominees, commission ratio, and history of blocks out to maximize the return of this verifier portfolio while ensuring that none of the nodes have experienced slashes. 5. Multi-environment Compatibility vDOT is one of Substrate assets in Bifrost parachain, by using the HRMP channels between Bifrost and others, it can be easily utilized in EVM, WASM and Substarte competiable parachains.
Conversion tables
DAI to VDOT values from Today at 12:09 pm
0.5 DAI = 0.253 VDOT |
1 DAI = 0.506 VDOT |
5 DAI = 2.53 VDOT |
10 DAI = 5.06 VDOT |
50 DAI = 25.30 VDOT |
100 DAI = 50.60 VDOT |
500 DAI = 252.98 VDOT |
1,000 DAI = 505.97 VDOT |
VDOT to DAI values from Today at 12:10 pm
0.5 VDOT = 0.9882 DAI |
1 VDOT = 1.98 DAI |
5 VDOT = 9.88 DAI |
10 VDOT = 19.76 DAI |
50 VDOT = 98.82 DAI |
100 VDOT = 197.64 DAI |
500 VDOT = 988.21 DAI |
1,000 VDOT = 1,976.41 DAI |
DAI to VDOT over time
DAI | Today | 24H -8.38% | 1M -35.40% | 1Y 68.11% |
|---|---|---|---|---|
0.5 DAI | 0.253 VDOT | 0.2742 VDOT | 0.3425 VDOT | 0.08069 VDOT |
1 DAI | 0.506 VDOT | 0.5483 VDOT | 0.6851 VDOT | 0.1614 VDOT |
5 DAI | 2.53 VDOT | 2.74 VDOT | 3.43 VDOT | 0.8069 VDOT |
10 DAI | 5.06 VDOT | 5.48 VDOT | 6.85 VDOT | 1.61 VDOT |
50 DAI | 25.30 VDOT | 27.42 VDOT | 34.25 VDOT | 8.07 VDOT |
100 DAI | 50.60 VDOT | 54.83 VDOT | 68.51 VDOT | 16.14 VDOT |
500 DAI | 252.98 VDOT | 274.17 VDOT | 342.54 VDOT | 80.69 VDOT |
1,000 DAI | 505.97 VDOT | 548.34 VDOT | 685.09 VDOT | 161.38 VDOT |
Frequently asked questions
Right now, 1 Dai is worth about $0.9995.
Based on the current rate, you could get 1.00 DAI for 1 USD.
Dai price has been declining. Since yesterday, the exchange rate of Dai has decreased. Since last month, the exchange rate of Dai has decreased. Since this time last year, the price of Dai has decreased.
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 Litecoin, Canton, and Ethena USDe. For a more robust list of assets to explore, jump to the asset page dedicated to Dai.
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