As the name suggests MakerDAO is a decentralized autonomous organization. It is well known for the creation of a crypto collateralized stablecoin DAI which is pegged to USD. DAI is one of the first decentralized stablecoins with very different mechanics from other centralized stable coins like USDC and USDT. The main advantage of DAI is that it is fully transparent and available for audit from anyone without relying on any centralized institutions. The basic idea behind crypto collateralized ...
