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MakerDAO

MakerDAO

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MakerDAO is a decentralized autonomous organization (DAO) responsible for creating the DAI stablecoin.

About MakerDAO

MakerDAO is a decentralized autonomous organization (DAO) that operates on Ethereum and is known for creating the DAI stablecoin.

It is important to the crypto space because it provides a stablecoin pegged to the US dollar, operates transparently and in a decentralized manner, and offers borrowing protocols through collateralized debt positions (CDPs) known as Maker Vaults. 

Along with crypto assets, Maker uses US Treasuries to back DAI.


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