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About DAI and RED
Dai is climbing, while Redstone is falling this week. The current DAI to RED conversion rate is 7.03. Inversely, this means that if you convert 1 RED you will get 0.1422 DAI. The conversion rate of DAI/RED has decreased by 0.07% in the last hour (RED/DAI increased by 0.07%). In the last 24 hours, DAI/RED grew by 5.21%, while RED/DAI shrunk by 4.95%.
The exchange rate of Dai is increasing. The current value of 1 DAI is 7.03 RED. In other words, to buy 5 Dai, it would cost you 35.17 RED. Inversely, 1 RED would allow you to trade for 0.1422 DAI while 50 RED would convert to 7.11 DAI, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 4.67%. Meanwhile, in the last 24 hours, the rate has changed by 5.72%, which means that the highest exchange rate of 1 DAI to RED was 7.05 RED and the lowest 24 hour value was 1 DAI for 6.52 RED. Last month, 1 DAI was worth 7.62 RED. Today, it's down 7.7%. Looking back a year, Dai has changed by 2.83 RED. That means that in a single year, the value of Dai has grown by 148.75%.
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.
Redstone Market Stats
Redstone is a modular blockchain oracle. Redstone’s native token, RED, can be staked by data providers, who supply data to RedStone’s modular oracle network, and by token holders, who enhance network security through direct staking in RedStone’s EigenLayer Actively Validated Service (AVS).
Conversion tables
DAI to RED values from Today at 7:20 am
0.5 DAI = 3.52 RED |
1 DAI = 7.03 RED |
5 DAI = 35.17 RED |
10 DAI = 70.34 RED |
50 DAI = 351.72 RED |
100 DAI = 703.45 RED |
500 DAI = 3,517.24 RED |
1,000 DAI = 7,034.48 RED |
RED to DAI values from Today at 7:20 am
0.5 RED = 0.07108 DAI |
1 RED = 0.1422 DAI |
5 RED = 0.7108 DAI |
10 RED = 1.42 DAI |
50 RED = 7.11 DAI |
100 RED = 14.22 DAI |
500 RED = 71.08 DAI |
1,000 RED = 142.16 DAI |
DAI to RED over time
DAI | Today | 24H 5.41% | 1M -8.34% | 1Y 59.80% |
|---|---|---|---|---|
0.5 DAI | 3.52 RED | 3.33 RED | 3.81 RED | 1.41 RED |
1 DAI | 7.03 RED | 6.65 RED | 7.62 RED | 2.83 RED |
5 DAI | 35.17 RED | 33.27 RED | 38.11 RED | 14.14 RED |
10 DAI | 70.34 RED | 66.54 RED | 76.21 RED | 28.28 RED |
50 DAI | 351.72 RED | 332.68 RED | 381.07 RED | 141.40 RED |
100 DAI | 703.45 RED | 665.37 RED | 762.15 RED | 282.79 RED |
500 DAI | 3,517.24 RED | 3,326.84 RED | 3,810.75 RED | 1,413.96 RED |
1,000 DAI | 7,034.48 RED | 6,653.68 RED | 7,621.50 RED | 2,827.91 RED |
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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.