Maker

Learn more about Maker and what you can do in Summer.fi with it.

MakerDAO is an innovative decentralized organization that functions within the larger ecosystem of Ethereum, a blockchain platform. The primary objective of MakerDAO is to maintain the stability of its native stablecoin, DAI, which is pegged 1:1 with the US dollar. MakerDAO operates on the principles of transparency, user empowerment, and economic efficiency.

As a part of the larger DeFi (Decentralized Finance) movement, MakerDAO showcases a unique approach to handling digital assets, providing an alternative to traditional financial systems. The protocol allows users to create DAI tokens by depositing collateral assets into MakerDAO's smart contracts, thereby giving rise to a system of self-regulated loans.

The Maker Protocol, also known as the Multi-Collateral DAI (MCD) system, involves two tokens: MKR and DAI. MKR is the governance token, giving holders voting rights on changes to the system, and DAI is the stablecoin, maintained at a stable value against USD.

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