MakerDAO

Decentralized finance (DeFi) is a growing sector of the financial industry. DeFi operates on smart contracts and open-source code, making it more transparent.

20 DeFi Projects, including Balancer, Aave, and MakerDAO, Lead The Charge for Decentralized Finance

MakerDAO is a <a href="https://hackernoon.com/tagged/protocol" target="_blank">protocol</a> behind the stable coin DAI — a <a href="https://hackernoon.com/tagged/cryptocurrency" target="_blank">cryptocurrency</a> that maintains a 1:1 peg to the USD. Think of 1 DAI as $1. What makes it unique is each DAI is backed by Ether instead of a 3rd party claiming to have the required collateral. Since Ether is volatile this poses some interesting challenges to maintain the peg.

What’s MakerDAO and what’s going on with it? Explained with pictures.

Find more helpful resources on building and running a successful crypto community on the <a href="https://www.chainfuel.com/blog" target="_blank">Chainfuel blog</a>, as well as their free e-book: <a href="https://www.chainfuel.com/pillars" target="_blank">The 7 Pillars of Crypto Community Management</a>.

How MakerDAO Created An Engaged, Cohesive Community Without An ICO

Thanks to the MakerDAO team for their feedback on this post, and for their openness to constructive criticism!

Reserve’s Analysis of the MakerDAO Protocol

I will reintroduce the idea of Volatility insurance -

Volatility Insurance and the MakerDAO platform

Niklas Kunkel, Oracle Core Unit Facilitator at MakerDAO, talks about the role that oracles play in bridging real-world assets on-chain.

How Oracles Act a Catalyst in Bridging Real World Assets On-Chain

Maker is short for Maker DAO. Maker is a decentralized autonomous organization smart contract platform.

Maker $MKR Wiki: Coin History, Techstack, and Crypto News

Blockchain is a part of a trustless digital solution.

Why DAO? : The Problem With Traditional Governance

Decentralized Finance (DeFi) can be rightfully considered a third revolution in the crypto space. If you wonder what the first two are, these are the invention of blockchain itself along with the technology’s firstborn, Bitcoin, and the inception of the smart contract technology. 

DeFi - The Whys, Whats, Wheres, and Hows of Decentralized Finance

A lot of my recent research has been around cryptocurrency as money - and how stable assets are the core to scaling the industry and building reputation and trust. I believe that creating price stability often through collateralization, whether that’s with fiat currencies like the dollar or pound, cryptocurrencies like ethereum or bitcoin, or commodities like gold and oil, will be essential to many web3 innovations in the coming decade.

One Stable Credit For Building On All Blockchains

Central banks are pushing for strict regulation of centralized, privately issued global stablecoins. Fiat-anchored crypto-currencies are being scrutinized based on the recommendations of the Financial Stability Board.

Will Stablecoins Become Illegal?

In the world of decentralized finance (“defi”) we often hear
about “banking the unbanked”. The vision is to give people with no access to even a bank account, access to global financial market. People from developing countries often suffer from hyper inflation, massive fluctuations of their local currencies, restrictions by their governments or simply have no bank account to store their financial valuables. 

How DeFi Simplifies Financial Planning for All

In May 2019, Equilibrium announced a partnership with Provable, a very efficient oracle that produces reliable real-time prices that the framework uses today to calculate critical levels every six minutes. Since this time, the project has also engaged in further research and development to reduce third-party risk, and improve the quality of its price feeds for EOSDT position owners and NUT (the framework’s utility token) holders. 

A Guide For Stablecoins Owners On Handling Liquidation - Accurate Prices Matter

WOMEN IN BLOCKCHAIN | DECENTRALIZED

Would creating an insurance policy where policyholders are able to reclaim ownership of their premiums and walk away be a bad thing? Most people are convinced that such an insurance policy would create a <a href="https://simple.wikipedia.org/wiki/Moral_hazard">moral hazard</a> among the participants.

A discussion of the oracle problem

In this post, we’ll dig deeper into why Security Tokens not only benefit investors, but why they are so important to the stability, economics and growth and stability of the Open Finance Protocols themselves.

Security Token Superpowers — Part 2

Not without an ample dose of skepticism, 2018 can indeed be referred to as the year of the stablecoin. Amid <a href="https://www.theblockcrypto.com/tiny/tether-dominance-drops-to-new-3-year-low-as-other-stablecoins-gain-traction/" target="_blank">total backlash </a>against Tether, and yet high demand for stable cryptocurrency as a means of settlement, a growing cohort of stable coin solutions were rolled out to the market. These appear to be the stablecoins that enjoy most credibility among crypto exchanges today: Paxos Standard <a href="https://www.paxos.com/standard/" target="_blank">PAX</a>, Gemini <a href="https://gemini.com/dollar/" target="_blank">GUSD</a>, Circle <a href="https://www.circle.com/en/usdc" target="_blank">USDC</a>, Carbon <a href="https://fiat.carbon.money/" target="_blank">CUSD</a>, TrustToken’s <a href="https://blog.trusttoken.com/trueusd-a-usd-backed-stablecoin-you-can-trust-9688796cfd0d" target="_blank">TUSD</a>. Yet, it’s safe to say that none of the above products is truly decentralized, essentially being more of a token with the right to claim a fiat USD equivalent stored in a centralized storage (most often on a bank account).

DAI — a decentralized opposition to the ‘banking cartel’ of stablecoins accumulates 1.7

Tether (USDT) is a <a href="https://hackernoon.com/tagged/cryptocurrency" target="_blank">cryptocurrency</a> pegged to the US dollar created and managed by Tether, Ltd. This means that for each Tether-the-token that exists on the <a href="https://hackernoon.com/tagged/blockchain" target="_blank">blockchain</a>, there’s also $1 sitting in a bank account owned by <a href="https://tether.to/" target="_blank">Tether-the-organization</a>. The idea is that when US Dollars are deposited into accounts managed by Tether, they issue new USDT tokens. Conversely, if dollars are withdrawn, they burn USDT. As of this writing, there are over 2 billion USDT <a href="https://wallet.tether.to/transparency" target="_blank">in circulation</a>.

Don’t trust Tether? Try Dai!

In <a href="https://medium.com/@joshuadavis31/the-case-for-stablecoins-2-2723a5a78efa" target="_blank">my previous blog</a> post I stated the following:

The Case for Stablecoins — 3

DeFi platforms like MakerDAO and Uniswap use smart contracts to automate lending, stablecoins, and exchanges—reshaping global finance.

What Is DeFi? Inside MakerDAO, DAI, and the Future of Finance

Comprehensive overview of the key collateralized borrowing applications on Ethereum. Reusable approach to analyse other similar applications.

Borrowing on Ethereum: Comparing Architecture Evolution of MakerDAO, Yield, Aave, Compound, & Euler

Although DeFi was initially established to bank the unbanked, these projects have come up with different ways for users to make money. 

Making Money with DeFi: Uniswap Vs. MakerDAO Vs. Compound Vs. DYP

This piece provides an overview MakerDAO including how it functions and what long-term potential it may&nbsp;have.

An Overview of MakerDAO

Follow me <a href="http://twitter.com/flatoutcrypto" target="_blank">@flatoutcrypto</a>. All of my articles (and some which I am unable to publish on Medium) can be found on <a href="http://flatoutcrypto.com" target="_blank">flatoutcrypto.com</a>.

MAKERDAO

makerdao.com

Since 2015

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MAKERDAO

makerdao.com

Since 2015

MakerDAO's Related Companies

2017

62B

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11.1B

2016

2.2M

2011

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2016

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