KDAI vaults
- This stablecoin does not have a price feed available at the moment and we are unable to display peg/depeg rates.
About Klaytn DAI
KDAI is a version of Dai bridged to the Klaytn blockchain (now rebranded as Kaia). It maintains a 1:1 peg with DAI on Ethereum through a cross-chain bridge. KDAI enables DAI-denominated transactions within the Klaytn/Kaia ecosystem.
KDAI is a bridged representation of MakerDAO's DAI on the Klaytn blockchain, which was rebranded as Kaia following the merger of Klaytn (Kakao) and Finschia (LINE) in 2024. KDAI was introduced in August 2020 via Orbit Chain, a cross-chain bridge platform, enabling users to move DAI from Ethereum to Klaytn where it is represented as a KCT (Klaytn Compatible Token).
Mechanism
KDAI is a lock-and-mint bridged token: DAI is locked in an Orbit Chain bridge contract on Ethereum and an equivalent amount of KDAI is minted on Klaytn. The 1:1 peg with DAI is maintained entirely by the bridge's custody and redemption mechanism, not by any on-chain monetary policy. Users can redeem KDAI to unlock DAI on Ethereum via the same bridge.
Status
KDAI circulating supply is approximately 8.2 million tokens as of 2024. Activity is minimal relative to native stablecoins on Kaia. There is no dedicated CoinGecko or DeFiLlama page for KDAI; the parent chain is tracked under Kaia.
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