# MakerDao

By [olaitantm](https://paragraph.com/@olaitantm) · 2022-03-19

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MakerDAO is **a crypto lending credit facility that gives loans at predetermined interest rates**. If a MakerDAO user wants to borrow, they would first deposit the Ethereum into a Maker smart contract.

MakerDao is the builder of DAI (one of the most reliable and trusted stable coin in DeFi).

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*Originally published on [olaitantm](https://paragraph.com/@olaitantm/makerdao)*