# Dai (DAI) — machine-readable summary

> FORTUNA SIGNAL · FORA-01 evidence dossier · Researched 2026-09-15 · https://ron-delhaye-studios.github.io/fortuna-signal-live/tokens/dai.html

## Definition
Dai is the decentralized, overcollateralized stablecoin of the Maker Protocol, soft-pegged to the value of the US dollar. It is maintained by immutable Ethereum smart contracts and governed by MakerDAO token holders.

## What the holder owns (FORA-01 Q1)
DAI is a decentralized, fully collateralized currency soft-pegged to the value of the USD, generated by users locking crypto tokens as collateral in Maker Vaults on the Ethereum blockchain. Holder owns the token itself only; there is no issuer claim and no direct redemption channel, so value realization depends on secondary markets or vault repayment mechanics.

## Verification verdict
Class C (Class C) — FORA-01 scale: verification, not a quality ranking.
q1 VERIFIED · q2 VERIFIED · q3 VERIFIED · q4 VERIFIED · q5 UNVERIFIED

## Plain-language utility
Decentralized dollar-pegged stablecoin, backed by on-chain collateral.

## Key risks & notes
Collateral volatility can trigger liquidations, and the crypto-backed collateral mix can be volatile in a downturn; decentralized governance carries voter-capture risk, with a small number of entities historically accounting for most vote weight. The optional USDS migration adds transition uncertainty.

## Primary source
- (no whitepaper found — drawn from official project documentation)

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Machine summary generated at build time from the same fields as the human page. Free educational content — not investment advice.