Klaytn Dai
KDAI
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
KDAI (Klaytn Dai) represents a bridged stablecoin deployment on the legacy Klaytn network. Data gaps were present for Active Development and Community Support due to the retirement of the Klaytn codebase and the absence of KDAI-specific community channels; both sections were excluded from the weighted average. Across remaining sections, KDAI demonstrates severe fundamental breakdown: Tokenomics (1.5/10) and Market and Use Case (2.0/10) reflect a critical peg collapse (trading around $0.095, an approximate 90% loss of peg parity), sub-$1M market capitalization, and minimal trading liquidity. While Team and Governance (6.5/10) and Security (6.0/10) reflect historical MakerDAO association and no documented smart contract exploits, the host Klaytn chain has been retired/migrated to Kaia with its GitHub archived in August 2024. Consequently, KDAI is functionally abandoned and broken as a stable asset.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Klaytn Dai (KDAI)
Klaytn Dai (KDAI) is an abandoned stablecoin token deployed on the legacy Klaytn network, which has been retired following the chain's migration to the Kaia blockchain. Deployed on the Cypress mainnet, KDAI was designed to function as a bridged representation of MakerDAO's Dai stablecoin to provide a dollar-pegged asset for decentralized finance applications on Klaytn.
The host Klaytn network was governed by the institutional Klaytn Governance Council, which MakerDAO joined in October 2020. However, KDAI itself lacks a dedicated public development team, active governance forum, or published roadmap. Following the transition of the Klaytn ecosystem to Kaia, the upstream core Klaytn repository was archived on August 19, 2024, leaving the legacy chain and its token deployment without ongoing software maintenance.
KDAI has suffered a severe breakdown of its primary mechanism, experiencing a critical depeg from its intended $1.00 parity to trade near $0.095—an approximate 90% loss of its pegged value. The token suffers from extreme illiquidity with minimal daily trading volume, inconsistent pricing across market aggregators, and a complete absence of verified bridge redemption data, official documentation, or token-specific smart contract audits.