Maker
MakerDAO is a decentralized credit platform on Ethereum that supports DAI, a stablecoin whose value is pegged to USD. Anyone can use Maker to open a Vault, lock in collateral such as ETH or BAT, and generate DAI as a debt against that collateral. DAI debt incurs a stability fee (i.e., continuously accruing interest), which is paid upon repayment of borrowed DAI. That MKR is burned, along with the repaid DAI.
MakerDAO is a decentralized credit platform on Ethereum that supports DAI, a stablecoin whose value is pegged to USD. Anyone can use Maker to open a Vault, lock in collateral such as ETH or BAT, and generate DAI as a debt against that collateral. DAI debt incurs a stability fee (i.e., continuously accruing interest), which is paid upon repayment of borrowed DAI. That MKR is burned, along with the repaid DAI.
