Polygon PoS Bridged DAI (DAI) is a stablecoin that functions as a trustless, two-way transaction channel between the Polygon Proof-of-Stake (PoS) network and the Ethereum blockchain. ^[1]

Overview

Polygon PoS Bridged DAI serves as a crucial component within the Polygon ecosystem. The primary function of Polygon PoS Bridged DAI is to allow the DAI stablecoin, originally issued on Ethereum by MakerDAO, to be utilized on the Polygon network. This interoperability is vital for decentralized finance (DeFi) applications and other protocols operating on Polygon, as it provides a stable medium of exchange and a reliable store of value within that environment. By bridging DAI, users can participate in Polygon-based DeFi activities, such as lending, borrowing, and yield farming, without needing to convert their stablecoin holdings into other assets, thereby reducing friction and potential slippage ^[1].

Tokenomics

The tokenomics of Polygon PoS Bridged DAI are designed to maintain its peg to the US dollar, consistent with the underlying DAI stablecoin. Key metrics provide insight into its market presence and supply dynamics:

• Market Capitalization: The total market value of Polygon PoS Bridged DAI's circulating supply is approximately $387,626,087. This figure is calculated by multiplying the current price of DAI by its circulating supply, similar to how market capitalization is determined in traditional stock markets ^[1]
• Total Supply: The total number of DAI tokens that have been created, minus any tokens that have been permanently removed from circulation (burned), stands at 387,626,087. This is comparable to outstanding shares in the stock market ^[1].

Trading Platforms

Polygon PoS Bridged DAI tokens are primarily traded on decentralized exchanges (DEXs) within the Polygon ecosystem. These platforms facilitate peer-to-peer trading without the need for a centralized intermediary, aligning with the decentralized nature of the asset.

Some of the prominent decentralized exchanges where DAI can be traded include:

• Uniswap V3 (Polygon): This is one of the most popular platforms for trading DAI on Polygon. The DAI/USDT pair on Uniswap V3 (Polygon) has historically shown significant trading volume, indicating its liquidity and widespread use ^[1].
• Uniswap V4 (Polygon): Another iteration of the Uniswap protocol on Polygon, supporting various trading pairs including DAI/USDT and USDC/DAI ^[1].
• Quickswap (v3): A leading DEX on Polygon, Quickswap also offers multiple trading pairs for DAI, such as USDC/DAI, DAI/USDT, and USDC.E/DAI, contributing to its overall liquidity ^{[1] [1]}.
• Balancer V2: While not explicitly detailed in the provided data, Balancer V2 is mentioned as one of the decentralized exchanges where Polygon PoS Bridged DAI can be traded ^[1].
• W-DEX (Polygon): This platform also lists trading pairs involving DAI, such as DAI/WPOL ^[1].

These platforms collectively contribute to the robust trading environment for Polygon PoS Bridged DAI, ensuring that users have ample opportunities to acquire or exchange the stablecoin within the Polygon network.