In recent years, interest in Multichain Bridged DAI (Fantom) has surged as more investors look to diversify their crypto portfolios with stablecoins across multiple blockchains. As a bridged version of the well-known DAI stablecoin, this asset operates on the Fantom network, offering fast, low-cost transactions while maintaining a 1:1 peg to the US dollar. If you're wondering how to buy Multichain Bridged DAI (Fantom) (DAI), you're not alone — and this comprehensive guide will walk you through every essential step.
Whether you're new to decentralized finance (DeFi) or expanding your cross-chain strategy, understanding how to securely acquire and manage DAI on Fantom is crucial. This article covers everything from wallet setup to final transaction confirmation — all while prioritizing security, speed, and ease of use.
Understanding Multichain Bridged DAI (Fantom)
Multichain Bridged DAI (Fantom) is a wrapped version of the MakerDAO DAI stablecoin, transferred from Ethereum or other chains to the Fantom Opera network via cross-chain bridge protocols like Multichain (formerly Anyswap). This enables users to leverage DAI’s stability within Fantom’s high-performance ecosystem, which supports DeFi applications such as lending, yield farming, and decentralized exchanges.
Despite its slight price deviation at times due to liquidity imbalances, DAI on Fantom generally maintains parity with the US dollar. At the time of writing, the current price stands at $0.02316, reflecting a -3.29% change over 24 hours and -0.74% over seven days. While these fluctuations may seem unusual for a stablecoin, they often result from temporary market inefficiencies rather than fundamental de-pegging.
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Step-by-Step Guide to Buying Multichain Bridged DAI (Fantom)
Step 1: Choose a Compatible Decentralized Exchange (DEX)
To purchase Multichain Bridged DAI (Fantom), you’ll need access to a decentralized exchange (DEX) that supports the Fantom network. Popular options include:
- SpookySwap
- SpiritSwap
- Beethoven X
These platforms allow direct token swaps using wallets like MetaMask or Trust Wallet. Before proceeding, ensure the DEX lists the correct contract address for Multichain Bridged DAI to avoid scams.
Step 2: Set Up Your DeFi Wallet
A non-custodial crypto wallet is essential for interacting with DeFi protocols. Here’s how to get started:
- Download a trusted wallet app such as MetaMask.
- Create a new wallet and securely back up your seed phrase.
Switch or add the Fantom network manually using Chain ID 250.
- Network Name: Fantom Opera
- RPC URL:
https://rpc.ftm.tools - Chain ID: 250
- Symbol: FTM
- Block Explorer:
https://ftmscan.com
Once configured, your wallet can interact seamlessly with Fantom-based dApps.
Step 3: Fund Your Wallet with FTM or Bridged Assets
To pay for gas fees and execute trades on Fantom, you’ll need FTM, the native cryptocurrency of the network. You have several options:
- Buy FTM directly on centralized exchanges (CEXs) like OKX or Binance and withdraw to your wallet.
- Use a cross-chain bridge (e.g., Multichain, Synapse Protocol) to transfer ETH or other tokens from Ethereum to Fantom.
- Purchase ETH via credit card on supported platforms and bridge it over.
Ensure you send funds to the correct wallet address and confirm receipt before moving forward.
Step 4: Connect Wallet & Swap for Multichain Bridged DAI
Now that your wallet is funded:
- Visit your chosen DEX (e.g., SpookySwap).
- Click “Connect Wallet” and select MetaMask or equivalent.
- Approve the connection in your wallet extension.
In the swap interface:
- Select FTM (or another available token) as input.
- Search for DAI and choose the version listed on Fantom.
- Confirm it uses the correct contract address (verify via FTMsCan).
- Enter the amount and initiate the swap.
- Approve the transaction and pay the small gas fee in FTM.
Within seconds, your Multichain Bridged DAI (Fantom) will appear in your wallet balance.
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Frequently Asked Questions (FAQ)
What is Multichain Bridged DAI (Fantom)?
It is a version of the DAI stablecoin transferred from another blockchain (typically Ethereum) to the Fantom network using a cross-chain bridge. It allows users to use DAI in Fantom’s DeFi ecosystem with minimal fees and fast confirmation times.
Is Multichain Bridged DAI safe?
While generally secure, risks include smart contract vulnerabilities and potential bridge exploits. Always verify contract addresses on FTMsCan and only use reputable bridges like Multichain or official Fantom gateway tools.
Can I earn yield with DAI on Fantom?
Yes. Many DeFi protocols on Fantom offer staking or liquidity mining opportunities for DAI pairs, such as DAI/USDC or DAI/FTM, providing attractive annual percentage yields (APYs).
Why is the price of DAI on Fantom sometimes below $1?
Temporary price deviations occur due to supply-demand imbalances in liquidity pools. Arbitrage traders usually correct these quickly, restoring near-$1 parity.
How do I verify I received real DAI?
Check the token contract address on FTMsCan.io. Compare it with known verified contracts for Multichain Bridged DAI. Avoid tokens with misspelled names or unverified contracts.
Can I move DAI back to Ethereum?
Yes, by using the same bridge in reverse. However, be aware of associated gas fees and processing delays during network congestion.
Why Use Cross-Chain Stablecoins Like DAI?
Stablecoins like DAI play a critical role in reducing volatility exposure while enabling participation in DeFi ecosystems worldwide. By bridging DAI to high-speed networks like Fantom, users benefit from:
- Near-instant transactions
- Fractional gas costs compared to Ethereum
- Access to diverse lending and yield platforms
- Preservation of purchasing power during market swings
This makes Multichain Bridged DAI an ideal tool for traders, investors, and yield seekers alike.
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Final Thoughts
Buying Multichain Bridged DAI (Fantom) doesn’t require advanced technical knowledge — just a clear understanding of wallet management, network selection, and secure trading practices. By following this guide, you can confidently navigate the process from setup to ownership.
Always remember: security comes first. Never share your private keys, double-check all addresses, and use trusted tools when bridging or swapping assets.
With growing adoption of multi-chain strategies, mastering assets like bridged DAI positions you at the forefront of the evolving DeFi landscape. Whether you're hedging against volatility or diving into yield farming, DAI on Fantom offers both utility and opportunity.
Stay informed, stay secure, and make every transaction count.