Try Quests to earn cryptoMakerDAO
What is MakerDAO and what do they do? MakerDAO was created by Rune Christensen in 2014. This is open-source project. It was built on the Ethereum blockchain. When it comes to managing this project, we can do it when we have an MKR token. The aforementioned MKR is a protocol on the Ethereum blockchain. It is one of the largest decentralized applications. It was created by a very diverse group of developers from around the world. MKR holders can use tokens to vote and make future decisions in the Maker protocol. MKR is also used to ensure DAI stability. It is very similar to real business. Investors have shares in a given company and depending on what percentage they have, they can influence the most important decision of the company. The more shares, the greater the impact on the company's future. We need to know what stabelcoin DAI is. Each ecosystem has its own stabelcoin that follows the price of a real dollar. The price should be 1: 1. If the price does not reflect reality, it is a bad signal. There are always small differences, but the bigger it gets, the worse it gets. If we decide to exchange our cryptocurrencies for stabelcoins, we must pay attention to which are the best and most secure. There is never certainty that the project will not fail or problems will start and investors will start selling their tokens. Protocol problems and investor panic is a very bad combination. Many projects fail this way even though the network problems were not that big and would have been fixed. Stabelcoin DAI is very safe and is recommended by many well-known investors. The project has a very high security. Collateral in real dollar is very important. Recent events have shown us that algorithmic stabelcoins are not a good solution. Fortunately, DAI is not algorithmic. Let's move on to the technical data, which will show us more information and allow us to better understand all the information. My datasheet is for Sushiswap which shows all lending pools that contained DAI. For comparison, I also showed lending pools that contain USDC.