About DAI and SCUSD
Dai is climbing, while Rings scUSD is falling this week. The current DAI to SCUSD conversion rate is 1.00. Inversely, this means that if you convert 1 SCUSD you will get 0.9994 DAI. The conversion rate of DAI/SCUSD has increased by 0.08% in the last hour (SCUSD/DAI decreased by 0.08%). In the last 24 hours, DAI/SCUSD grew by 0.05%, while SCUSD/DAI shrunk by 0.05%.
The exchange rate of Dai is increasing. The current value of 1 DAI is 1.00 SCUSD. In other words, to buy 5 Dai, it would cost you 5.00 SCUSD. Inversely, 1 SCUSD would allow you to trade for 0.9994 DAI while 50 SCUSD would convert to 49.97 DAI, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 0.77%. Meanwhile, in the last 24 hours, the rate has changed by 0.05%, which means that the highest exchange rate of 1 DAI to SCUSD was 1.01 SCUSD and the lowest 24 hour value was 1 DAI for 0.9896 SCUSD. Last month, 1 DAI was worth 0.9936 SCUSD. Today, it's up 0.7%. Looking back a year, Dai has changed by 1.00 SCUSD. That means that in a single year, the value of Dai has shrank by 0.16%.
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.
Rings scUSD Market Stats
Rings is the meta-stable protocol of Sonic chain. It is the main bridge for Ethereum Mainnet stablecoins and ETH derivatives token holders to start earning yield on Sonic. Bridge ETH & Stablecoin from Mainnet to Sonic, Mint scETH and scUSD, stake it for stkETH and stkUSD to make it yield bearing, or lock it for veETH and veUSD to access governance power. When minting scUSD and scETH, users deposit their initial into Veda Vaults which then reallocate the backing toward yield bearing strategies. The yield generated is then redistributed across eligible Sonic dApps and the distribution is controlled by the veUSD gauge tokenomic.
Conversion tables
DAI to SCUSD values from Today at 9:56 am
0.5 DAI = 0.5003 SCUSD |
1 DAI = 1.00 SCUSD |
5 DAI = 5.00 SCUSD |
10 DAI = 10.01 SCUSD |
50 DAI = 50.03 SCUSD |
100 DAI = 100.06 SCUSD |
500 DAI = 500.28 SCUSD |
1,000 DAI = 1,000.56 SCUSD |
SCUSD to DAI values from Today at 9:56 am
0.5 SCUSD = 0.4997 DAI |
1 SCUSD = 0.9994 DAI |
5 SCUSD = 5.00 DAI |
10 SCUSD = 9.99 DAI |
50 SCUSD = 49.97 DAI |
100 SCUSD = 99.94 DAI |
500 SCUSD = 499.72 DAI |
1,000 SCUSD = 999.44 DAI |
DAI to SCUSD over time
DAI | Today | 24H 0.05% | 1M 0.70% | 1Y -0.16% |
|---|---|---|---|---|
0.5 DAI | 0.5003 SCUSD | 0.50 SCUSD | 0.4968 SCUSD | 0.5011 SCUSD |
1 DAI | 1.00 SCUSD | 1.00 SCUSD | 0.9936 SCUSD | 1.00 SCUSD |
5 DAI | 5.00 SCUSD | 5.00 SCUSD | 4.97 SCUSD | 5.01 SCUSD |
10 DAI | 10.01 SCUSD | 10.00 SCUSD | 9.94 SCUSD | 10.02 SCUSD |
50 DAI | 50.03 SCUSD | 50.00 SCUSD | 49.68 SCUSD | 50.11 SCUSD |
100 DAI | 100.06 SCUSD | 100.01 SCUSD | 99.36 SCUSD | 100.21 SCUSD |
500 DAI | 500.28 SCUSD | 500.03 SCUSD | 496.79 SCUSD | 501.07 SCUSD |
1,000 DAI | 1,000.56 SCUSD | 1,000.06 SCUSD | 993.59 SCUSD | 1,002.14 SCUSD |
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