BUY / EXCHANGE instantly
Max Supply Algorithm Proof Type Start Date Twitter Website
-1 2017-11-25 Array Maker
DifficultyAdj. BlockRR. BlockNo. Network H/s Current Supply Block Reward
0 0 977608.64278734 0
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What is The MakerDAO?

MakerDAO is an open-source project on the Ethereum blockchain and a Decentralized AutonomousOrganization created in 2014. The project is managed by people around the world who hold its governance token, MKR. Through a system of scientific governance involving Executive Voting and Governance Polling, MKR holders manage the Maker Protocol and the financial risks of Dai to ensure its stability, transparency, and efficiency. MKR voting weight is proportional to the amount of MKR a voter stakes in the voting contract, DSChief. In other words, the more MKR tokens locked in the contract, the greater the voter’s decision-making power.

About the Maker Protocol

The Maker Protocol, built on the Ethereum blockchain, enables users to create currency. Current elements of the Maker Protocol are the Dai stablecoin, Maker Collateral Vaults, Oracles, and Voting. MakerDAO governs the Maker Protocol by deciding on key parameters (e.g., stability fees, collateral types/rates, etc.) through the voting power of MKR holders.

The Maker Protocol, one of the largest decentralized applications (dapps) on the Ethereum blockchain, was the first decentralized finance (DeFi) application to earn significant adoption.

About the Maker Foundation

The Maker Foundation, which is part of the global Maker community, built and launched the Maker Protocol in conjunction with a number of outside partners. It is currently working with the MakerDAO community to bootstrap decentralized governance of the project and drive it toward complete decentralization.

Who created it?

MakerDAO was created by Rune Christensen in March 2015 and the Maker Foundation was established in 2014. The Maker token (MKR) was launched in August 2015 and the first MakerDAO and DAI white paper was published in December 2017. MCD became live in 2019 and half a billion DAI was generated from crypto assets approved by Maker Governance in September 2020.

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