My View on Stablecoin: DAI & Maker — Part 1
▻https://hackernoon.com/my-view-on-stablecoin-dai-maker-part-1-87473bb8a3cb?source=rss----3a8144
My View on Stablecoin: DAI & Maker — Part 1As a follow up to my introductory post on stablecoins, I thought I would take a look at some of the more popular ones out there. Hence the first one I chose to write about is DAI by Maker (aka MakerDAO).As I was writing, I realize how long this became so I split it into a 2 parts. Part 1 is an introduction to the stablecoin as I understand it and part 2 covers my own opinions.What is DAI Stable Coin and Maker (aka MakerDAO)?DAI is the crypto-collateralized stable coin that aims to remain at $1 = 1 DAI and aims to achieve this by utilizing its protocol design and governance. This protocol design and governance framework is known as Maker Platform (formerly known as MakerDAO) and is a decentralized organization.How Does It Work?The way the (...)
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