On the 10th of June ‘19, Coinbase announced that ‘Coinbase Earn’ its educational service which rewards users for learning about different crypto assets, has added support for Dai [DAI], the “first decentralized stablecoin on the Ethereum blockchain.” According to CryptoGlobe, Coinbase Earn was originally launched in “invite-only mode” on 19 December 2018, giving a few lucky users the chance to learn 0x (ZRX) as they learn about it.
Here is how Coinbase explained the motivation behind Coinbase Earn back then, “Coinbase Earn allows users to earn cryptocurrencies while learning about them in a simple and engaging way. The idea is for users to understand more about an asset’s utility and its underlying technology while getting a bit of the asset to try out.” The thing is that in each lesson, you watch a short video clip after which you can perform educational takes for which you are rewarded a certain amount of crypto [usually, around $2 in a particular cryptocurrency for each lesson].
Coinbase Earn is available to 100+ jurisdictions in which Coinbase operates, but only eligible users [those who have completed KYC Levels 1 and 2] in the following 19 jurisdictions can currently join Coinbase Earn and start earning crypto: The United States of America, United Kingdom and many nations in the European Union [Belgium, Denmark, Switzerland, Iceland, Ireland, Germany, Luxembourg, Netherlands, Sweden, Norway], Canada, Taiwan, Singapore, Australia, Hong Kong, New Zealand and South Korea. Users in other jurisdictions in which Coinbase operates can join a waiting list, and they will get notified when Coinbase becomes available there. As of right now, Coinbase Earn provides the opportunity to earn Dai [DAI], 0x [ZRX] EOS, Stellar Lumens [XLM], Zcash [ZEC] and Basic Attention Token [BAT] but Coinbase plans to extend the set of cryptocurrencies on offer soon.
The blog post of Coinbase says that “Starting today, its customers can start earning DAI by watching lessons and completing quizzes about DAI and its features. What is interesting about this offer is that this is the first time that a stablecoin has been made available through Coinbase Earn.” Here is what Coinbase said about Dai, “According to the DAI whitepaper, DAI is a decentralized stablecoin running on Ethereum and designed with a goal of maintaining a target value of approximately $1 USD. DAI is backed by collateral on the Maker (MKR)platform. The relevant whitepapers explain that MKR and DAI tokens form a paired set of assets in which MKR provides governance, and DAI is a decentralized, collateral-backed stablecoin.”