Maker

Maker is a decentralized protocol that governs the DAI stablecoin and supports DeFi lending.

Maker is a decentralized finance protocol that governs the DAI stablecoin and allows users to generate stable assets through collateralized positions.

The governance protocol behind the DAI stablecoin. Users lock up volatile crypto assets as collateral in smart contracts to "mint" DAI tokens, which are pegged to the US dollar through a system of automated feedback and liquidations.

Algorithmic Stability: Used as a governance token to manage the risks and collateral parameters of the DAI stablecoin system, acting as a backstop for its peg.

CDP Governance: Used to manage the Maker Protocol. Holders vote on stability fees and collateral types for the DAI stablecoin. If the system is under-collateralized, the token is minted and sold to cover the debt.