Convert Dai DAI to Frax Finance - Frax Ether FRXETH
DAI to FRXETH: 1 Dai converts to 0.000393 FRXETH as of June 14 at 7:09 AM
About DAI and FRXETH
Dai is falling, while Frax Finance - Frax Ether is climbing this week. The current DAI to FRXETH conversion rate is 0.000393. Inversely, this means that if you convert 1 FRXETH you will get 2,546.6 DAI. The conversion rate of DAI/FRXETH has increased by 0.19% in the last hour (FRXETH/DAI decreased by 0.19%). In the last 24 hours, DAI/FRXETH shrunk by 1.21%, while FRXETH/DAI grew by the same amount.
The exchange rate of Dai is decreasing. The current value of 1 DAI is 0.000393 FRXETH. In other words, to buy 5 Dai, it would cost you 0.001963 FRXETH. Inversely, 1 FRXETH would allow you to trade for 2,546.60 DAI while 50 FRXETH would convert to 127,329.89 DAI, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 2.33%. Meanwhile, in the last 24 hours, the rate has changed by 1.17%, and that the highest exchange rate of 1 DAI to FRXETH was 0.000399 FRXETH and the lowest 24 hour value was 1 DAI for 0.000388 FRXETH. Last month, 1 DAI was worth 0.000378 FRXETH. Today, it's up 3.74%. Looking back a year, Dai has changed by 0.000281 FRXETH. That means that in a single year, the value of Dai has grown by 28.33%.
Dai Market Stats
Dai (DAI) is a decentralized stablecoin running on Ethereum (ETH) that attempts to maintain a value of $1.00 USD. Unlike centralized stablecoins, Dai isn't backed by US dollars in a bank account. Instead, it’s backed by collateral on the Maker platform. Note: if the Dai credit system is upgraded or shutdown, Dai holders may need to convert their Dai to Ethereum through the Maker platform. Read more at makerdao.com/whitepaper.