<p>Bitget is a world-renowned crypto derivative trading platform established in Singapore since 2018.The team consists of a world-class financial team and aims to create the most professional and secure new exchange in the world.Bitget is the first platform in the world that has both USDT forward contracts and inverse contracts.At present,Bitget contract trading volume ranks among the top five in the world. According to TokenInsight data, Bitget USDT contract liquidity ranks among the top3 in the world.Bitget completed $10 million USD in Series-B financing backed by Anlan Capital growth fund as well as South Korea-listed Japanese gaming company SNK, raising its valuation to USD $1 billion on July 2020.</p>
<p>Bitget was establishment of branches in Japan, South Korea, Vietnam, Canada, The team members specialized cryptography-based , financial investment, social media and numerous leading companies.</p>

Multi-collateral DAI

<p>Dai is the largest decentralized stablecoin on Ethereum. Developed and managed by MakerDAO, Dai is the infrastructure for decentralized Finance (DeFi). Dai is issued by full collateral on the chain of assets and is anchored 1:1 to the DOLLAR, with 1Dai=1 DOLLAR. Individuals and businesses can obtain safe-haven assets and liquidity by exchanging or mortgaging Dai. Dai has been applied in mortgage lending, margin trading, international transfer and supply chain finance. </p>
The <p>Maker protocol, also known as the Multi-mortgage Dai (MCD) system, allows users to generate A Dai by leveraging a mortgage asset approved by Maker Governance. Maker Governance is the community organizing and operating process for managing all aspects of the Maker protocol. Dai is a decentralized, unbiased, mortgage-backed cryptocurrency pegged to the US dollar. Dai's low volatility protects against hyperinflation and provides economic freedom and opportunity for anyone, anywhere. </p>
<p>Dai Stable currency is a digital currency backed by mortgage assets whose price remains stable against the DOLLAR. Maker is a smart contract platform on Ethereum that supports and stabilizes Dai prices through CDP, automated feedback mechanisms and appropriate external incentives. The Maker platform gives anyone the opportunity to leverage DAI with Ethereum assets. When Dai is created, it can be used like any other digital currency asset: freely distributed to others, as a means of payment for goods and services, or in long-term storage. Importantly, the emergence of Dai is also a necessity for robust decentralized leveraged trading platforms. </p>
<p> All DAIs are created by mortgaging digital assets on the chain. The launch of Dai was made possible through a series of smart contracts. This series of smart contracts is called CDP (Collateralized debt obligation Position). In current market conditions, a user needs to pledge at least 150% of ETH value (i.e., $150 ETH value) in order to obtain the equivalent of $100 Dai, and the safety valve value is 200%. This percentage is called the Collateralization ratio. </p>
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The CDP of the <div>Dai system also has another parameter, called Liquidation Ratio, which is the lowest pledge rate acceptable to the system, i.e. 150%. When the market value fluctuates so that the pledge rate falls below the liquidation rate, the ETH pledged by the CDP is auctioned and the Dai obtained from the auction is destroyed, thus ensuring a stable ratio of the overall pledge to the ISSUED Dai. </div>
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BSC，Ethereum，Fantom，Polygon，Avalanche，Optimism，Harmony，Solana，Terra，Arbi，Moonriver，Moonbeam，Gnosis，Energi，Klaytn，CronoScan，NEAR Protocol，MetisDAO，EveriToken，Anubis

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Multi-collateral DAI (DAI) Intro

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Coinbase Faces Lawsuit Over Frozen $55M DAI

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X Layer and Ethereum Foundation’s dAI Team Partner to Architect the Future of the Agentic Economy

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