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Copenhagen, Denmark
Copenhagen
Denmark
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Estimated: 55
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5 years agoWe built the Maker Protocol, the first open-source, autonomous, and permissionless credit facility
MakerDAO is the decentralized autonomous organization that enabled and currently sustains the Maker Protocol, the largest decentralized finance protocol by total value locked that generates and maintains Dai, the first decentralized stablecoin.
The Maker Protocol is an open-source smart contract system publicly deployed on Ethereum that anyone can use to generate liquidity by minting the Dai stablecoin.
The tokens that sustain the Maker Protocol are MKR for governance, and DAI as the stablecoin
* MKR is the governance token used by its holders to vote and decide on proposals that aim to improve or change the system.
* DAI is the decentralized stablecoin hard pegged to the US dollar and backed by crypto and legacy finance assets.
The Maker Protocol enables this liquidity via three main products:
* Maker Vaults: A tool where anyone can deposit crypto assets as collateral and generate Dai as a loan against it.
* Peg-Stability Module (PSM): A tool where any user can swap other stablecoins for Dai and vice versa. They can deposit stablecoins and receive Dai at a 1-to-1 rate, or deposit Dai and receive stablecoins held by the PSM at a 1-to-1 rate.
* Direct Deposit Module (D3M): A wholesale credit line that provides immediate liquidity in Dai to lending markets in the decentralized finance space such as Aave.
All the components that make the Maker Protocol work are supported and sustained by the decentralized, open community known as MakerDAO through a decentralized system of Governance powered by MKR token holders and Delegates.
For media inquiry please contact media@makergrowth.com
For business and partnership inquiry please contact partners@makergrowth.com
MakerDAO enables the generation of Dai, the world’s first unbiased currency and leading decentralized stablecoin.
Corporate | Type | Tweets | Articles | |
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La Place Fintech | DeFi Startup accelerator & VC, Events Services | La Place Fintech | DeFi Startup accelerator & VC, Events Services | Other 2 Nov 2023 | | |
EY Pythagoras IT Services and IT Consulting | EY Pythagoras IT Services and IT Consulting | Other 24 Nov 2021 | | |
Consensys Software Development | Consensys Software Development | Other 7 Apr 2023 | | |
Slush Non-profit Organizations | Slush Non-profit Organizations | Other 22 Nov 2019 | | |
Samsung Electronics Consumer Electronics, Semiconductor Manufacturing | Samsung Electronics Consumer Electronics, Semiconductor Manufacturing | Other 5 Feb 2020 | | |
IBM IT services, IT Services and IT Consulting | IBM IT services, IT Services and IT Consulting | Other 19 Aug 2019 | | |
The World Bank International development, International Trade and Development | The World Bank International development, International Trade and Development | Not capitalistic Partnership Not event 9 Sep 2019 | | |
Consumer Technology Association Trade show, Computers and Electronics Manufacturing | Consumer Technology Association Trade show, Computers and Electronics Manufacturing | Not capitalistic Not partnership Event 9 Jan 2020 | | |
Airbus Defence and Aerospace, Aviation and Aerospace Component Manufacturing | Airbus Defence and Aerospace, Aviation and Aerospace Component Manufacturing | Capitalistic Partnership Not event 19 Sep 2018 | | |
Nike footwear, Retail | Nike footwear, Retail | Other 1 Jul 2019 | |