IMPORTANT: Please do not send DAI directly to the smart contracts, use the platform for it. The investment will not be recorded and it will not be recoverable.
DAI is a token made by Maker that is deployed in the Ethereum blockchain, same as EthicHub's smart contracts. It's design to follow $USD value, so our system will use it as internal currency to significantly reduce investments volatility, that used to be exposed to Ether volatility during the funding period and when returning profits.
This is a price graph showing DAI monetary value since its inception.
To be able to use it in the platform you have to give us permission to manage the DAI in your wallet. You can deny that permission later in settings, but you won't be able to invest anymore.
If you already invested in an earlier project, repayment will still be in Ether.
To continue contributing you will have to change it to DAI. We provide a integration with Paraswap, an exchange aggregator, that will provide the most efficient ETH-DAI exchange route in a transparent and decentralized way, with the best price available in the market.
If you want to invest, you can send DAI through our platform without paying gas, thus not needing to hold Ether.
Our credit card gateway will still work same as now depositing DAI in the loan's contract in your name, according to the price in the moment we receive your Euro payment.