Convert Dai DAI to Leveraged stETH XSTETH
DAI to XSTETH: 1 Dai converts to 1,191.47 XSTETH
About DAI and XSTETH
Dai is climbing, while Leveraged stETH is falling this week. The current DAI to XSTETH conversion rate is 1,191.47. Inversely, this means that if you convert 1 XSTETH you will get 0.0008393 DAI. The conversion rate of DAI/XSTETH has increased by 0.01% in the last hour (XSTETH/DAI decreased by 0.01%). In the last 24 hours, DAI/XSTETH grew by 0.08%, while XSTETH/DAI shrunk by the same amount.
The exchange rate of Dai is increasing. The current value of 1 DAI is 1,191.47 XSTETH. In other words, to buy 5 Dai, it would cost you 5,957.37 XSTETH. Inversely, 1 XSTETH would allow you to trade for 0.0008393 DAI while 50 XSTETH would convert to 0.04196 DAI, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 0.02%. Meanwhile, in the last 24 hours, the rate has changed by 0.06%, which means that the highest exchange rate of 1 DAI to XSTETH was 1,191.70 XSTETH and the lowest 24 hour value was 1 DAI for 1,190.28 XSTETH. Last month, 1 DAI was worth 1,191.23 XSTETH. Today, it's up 0.02%. Looking back a year, Dai has changed by 0.8156 XSTETH. That means that in a single year, the value of Dai has grown by 99.93%.
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.
Leveraged stETH Market Stats
xstETH token, also called leveraged stETH, is a decentralized, composable leveraged long stETH futures contract with a low risk of liquidations and a 0 funding fee. To create a stable-leverage pair, f(x) holds a reserve of some base token. To start, let’s consider stETH. Minted against that stETH reserve are two types of derivative tokens; one stable, and one volatile(xstETH). At all times, the total market cap of the two derivative tokens is held equal to the value of the reserve, and any derivative token can be redeemed at any time for its share of the reserve base token. The volatile token price rises at a multiple rate of stETH. Based on the performance of xETH, this multiple generally varies between 1.5x- 4x, though it can rise as high as 4.3X before the protocol responds to limit it.
Conversion tables
DAI to XSTETH values from Today at 6:00 am
0.5 DAI = 595.74 XSTETH |
1 DAI = 1,191.47 XSTETH |
5 DAI = 5,957.37 XSTETH |
10 DAI = 11,914.75 XSTETH |
50 DAI = 59,573.73 XSTETH |
100 DAI = 119,147.46 XSTETH |
500 DAI = 595,737.30 XSTETH |
1,000 DAI = 1,191,474.60 XSTETH |
XSTETH to DAI values from Today at 6:02 am
0.5 XSTETH = 0.0004196 DAI |
1 XSTETH = 0.0008393 DAI |
5 XSTETH = 0.004196 DAI |
10 XSTETH = 0.008393 DAI |
50 XSTETH = 0.04196 DAI |
100 XSTETH = 0.08393 DAI |
500 XSTETH = 0.4196 DAI |
1,000 XSTETH = 0.8393 DAI |
DAI to XSTETH over time
DAI | Today | 24H 0.06% | 1M 0.02% | 1Y 99.93% |
|---|---|---|---|---|
0.5 DAI | 595.74 XSTETH | 595.35 XSTETH | 595.61 XSTETH | 0.4078 XSTETH |
1 DAI | 1,191.47 XSTETH | 1,190.70 XSTETH | 1,191.23 XSTETH | 0.8156 XSTETH |
5 DAI | 5,957.37 XSTETH | 5,953.51 XSTETH | 5,956.14 XSTETH | 4.08 XSTETH |
10 DAI | 11,914.75 XSTETH | 11,907.01 XSTETH | 11,912.29 XSTETH | 8.16 XSTETH |
50 DAI | 59,573.73 XSTETH | 59,535.07 XSTETH | 59,561.44 XSTETH | 40.78 XSTETH |
100 DAI | 119,147.46 XSTETH | 119,070.14 XSTETH | 119,122.89 XSTETH | 81.56 XSTETH |
500 DAI | 595,737.30 XSTETH | 595,350.72 XSTETH | 595,614.43 XSTETH | 407.80 XSTETH |
1,000 DAI | 1,191,474.60 XSTETH | 1,190,701.43 XSTETH | 1,191,228.86 XSTETH | 815.60 XSTETH |
Frequently asked questions
Right now, 1 Dai is worth about $0.9997.
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 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 Stellar Lumens, Bitcoin Cash, and Chainlink. For a more robust list of assets to explore, jump to the asset page dedicated to Dai.
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