MakerDAO

MakerDAO is a decentralized organization that runs on the Ethereum blockchain, enabling users to create and manage a stable digital currency called DAI. DAI is designed to maintain a stable value, similar to the US dollar, by backing it with collateral like cryptocurrencies. Users can lock up their crypto assets to generate DAI, which they can use for various transactions or savings. MakerDAO operates without a central authority, relying on smart contracts and community governance to ensure stability and transparency in its operations.