Dai is decentralized and backed by collateral. The Maker Protocol, which allows anyone anywhere in the world to generate Dai, aims to facilitate greater security, transparency, and trust.
Ren (REN) is an open protocol built to provide interoperability and liquidity between different blockchain platforms.
Formerly known as Republic Protocol, Ren launched RenVM, its virtual machine mainnet, in May 2020, having completed a $34 million initial coin offering ICOin 2018.