makerDAO

MakerDAO is a decentralized autonomous organization that operates on the Ethereum blockchain that enabling users to borrow and lend crypto assets via stablecoins. It is most famous for having developed and operated DAI, a decentralized token linked to the US dollar that is central to the DeFi ecosystem. The governance token of MakerDAO is MKR, which enables the holder to participate in essential protocol decisions.

Key Features:

• Borrow and lend cryptocurrencies without middlemen.
• Manages DAI stability and safety via smart contracts.
• MKR token holders vote on protocol changes.
• Collaborates with other DeFi entries and crypto projects.