Coinbase Adds First StableCoin to Earn Program

Coinbase Adds First StableCoin to Earn Program

Coinbase has added a new addition to its CoinBase initiative, DAI, making this the first stablecoin to be added to the concept.

This follows news from the exchange platform turned educator who added EOS to the Coinbase Earn service last week. Seemingly in a bid to grow the project as quickly as possible, the DAI will be available for users to earn immediately by completing courses and quizzes posted on the specific area of the website. In total, users will be able to earn a total of $6 worth of the stablecoin, with $2 worth of DAI to be earnt over 6 separate lessons on the platform.

The Stablecoin joined the cryptocurrency as a trading option back in May 2019 and is currently valued on the exchange platform at around $1 each, which it was designed in order to maintain. This means that a total of 6 DAI Stablecoin can be yours if you complete the full lessons.

DAI itself is a stablecoin that runs on Ethereum and is backed by the Maker Platform, which provides collateral for each of the tokens. As per the Coinbase statement that announced the news “MKR and DAI tokens form a paired set of assets in which MKR provides governance, and DAI is a decentralized, collateral-backed stablecoin.”

This will make it the sixth to join the initiative  EOS, XLM, ZEC, BAT and ZRX, which is sure to expand and grow in no time at all and thus will give you plenty more options to benefit from before long.

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