What are the changes to the maker protocol?

The biggest change to the Maker Protocol is that it now accepts any Ethereum-based asset as collateral to generate Dai given that it has been approved by MKR holders and has been given specific, corresponding Risk Parameters through the Maker decentralized governance process.

What is makerdao (maker protocol)?

The Maker Protocol is the platform through which anyone, anywhere can generate the Dai stablecoin against crypto collateral assets. Learn how it works. MakerDAO is a decentralized organization dedicated to bringing stability to the cryptocurrency economy. The Maker Protocol employs a two-token system.

What is the maker protocol (Dai)?

The Maker Protocol allows users to self-generate Dai against collateral deposited into smart contract-based escrow. Current elements of the Maker Protocol are the Dai stablecoin, Maker Collateral Vaults, Oracles, and Voting. At the core is the collateral portfolio, a pool of on-chain digital assets that back the Dai supply.

What is maker protocol (MCD)?

The Maker Protocol, also known as the Multi-Collateral Dai (MCD) system, allows users to generate Dai by leveraging collateral assets approved by “Maker Governance.” Maker Governance is the community organized and operated process of managing the various aspects of the Maker Protocol.