What is MakerDAO?
It has created a protocol allowing anyone with ETH wallet to lend themselves money in the form of a stablecoin called DAI.
By locking up some ETH in MakerDAO’s smart contract , users can create a certain amount of DAI–the more ETH locked up, the more DAI can be created. When users are ready to unlock their ETH, which serves as collateral for their DAI loan, they simply pay back the loan along with any fees.
With Dai, anyone, anywhere has the freedom to choose a money they can place their confidence in. A money that maintains its purchasing power.
The world’s first unbiased currency
Dai is a stable, decentralized currency that does not discriminate. Any individual or business can realize the advantages of digital money.
Financial freedom with no volatility
A price-stable currency that you control. Generate Dai on your terms, instantly. 1Dai = 1
Earn Dai
Lock your Dai with the other 6.94M earning the Dai Savings Rate set by the Maker community. Dai is a smarter digital currency for everyone.
Buy, send and manage it in one place.
Decentralized governance
A community of MKR token holders govern the Maker Protocol, the smart contracts that power Dai.
A growing ecosystem
Over 400 apps and services have integrated Dai wallet, including wallets, DeFi platforms, games and Oasis Wallet.
-Dai wallet tracks USD
-Grow your savings
-Send to anyone, instantly
-You’re in complete control
