Coinbase has expanded its Coinbase Earn educational platform by introducing a new course on MakerDAO's Dai stablecoin, marking the first stablecoin inclusion in its program. This initiative aims to educate users about Dai's mechanisms while rewarding them with tokens for completing lessons.
Dai Stablecoin Joins Coinbase Earn
According to Coinbase's official announcement, the Ethereum-based Dai is now featured on Coinbase Earn. Users can access videos and quizzes to learn how Dai maintains its peg to the US dollar ($1) through collateralization with Maker (MKR) tokens.
Key features of Dai:
- Decentralized stability: Backed by MKR and governed by community votes.
- Global accessibility: Available in most jurisdictions (excluding New York).
- Educational rewards: Participants earn Dai for completing courses.
👉 Learn how stablecoins like Dai are revolutionizing finance
Why Dai Matters
Dai’s integration into Coinbase Earn highlights its growing role in decentralized finance (DeFi). Unlike centralized stablecoins, Dai’s value is algorithmically stabilized through smart contracts, reducing reliance on traditional banking systems.
Challenges in 2019
Earlier this year, Dai frequently traded below its $1 target, prompting MakerDAO holders to vote five times on adjusting stability fees to restore equilibrium.
Coinbase Earn’s Vision
Launched publicly in May 2019, Coinbase Earn addresses a critical barrier for new crypto adopters: knowledge gaps. As stated in their blog:
"Many potential investors hesitate to explore assets beyond Bitcoin due to limited understanding. Coinbase Earn provides a structured starting point."
The platform aligns with Coinbase’s broader goal to make crypto engagement accessible through:
- Buying and trading.
- Staking rewards.
- Governance participation (e.g., voting).
- Educational mining (earning tokens via learning).
👉 Discover how Coinbase Earn bridges crypto education and investment
FAQs
1. How does Dai maintain its $1 peg?
Dai uses over-collateralization with ETH and other assets, adjusted by MakerDAO’s governance votes.
2. Is Dai available worldwide on Coinbase?
Yes, except for New York due to regulatory restrictions.
3. What rewards does Coinbase Earn offer?
Users earn Dai tokens by completing video lessons and quizzes.
4. Why did Dai’s value drop below $1 in 2019?
Market volatility and insufficient stability fees led to temporary depegging, resolved through governance interventions.
5. How is Coinbase Earn different from traditional mining?
It replaces computational mining with “knowledge mining,” rewarding learning instead of hardware effort.
6. Can I stake Dai on Coinbase?
Currently, Dai rewards are earned via Coinbase Earn courses, not staking.