Cryptocurrency exchange platform Coinbase announced on Monday that customers around the world can start earning DAI by watching lessons and completing quizzes about DAI and its features. According to Coinbase, DAI is the first stablecoin to be made available through Coinbase Earn.
“According to the DAI whitepaper, DAI is a decentralized stablecoin running on Ethereum and designed with a goal of maintaining a target value of approximately $1 USD. DAI is backed by collateral on the Maker (MKR)platform. The relevant whitepapers explain that MKR and DAI tokens form a paired set of assets in which MKR provides governance, and DAI is a decentralized, collateral-backed stablecoin.”
Coinbase went on to add that it expects earning to become an increasingly important function in the crypto ecosystem — alongside buying, staking, voting, and mining, especially when paired with education