What is the point of MakerDAO?
I'm curious about MakerDAO. I've heard it's related to blockchain and decentralized finance, but I'm not sure exactly what its purpose is or how it fits into the larger crypto ecosystem.
Does MakerDAO have a token?
I'm interested in MakerDAO and I'm wondering if they have a token. I've heard about it in the crypto community and I want to know more about its token, if it exists.
Is MakerDAO on Ethereum?
I'm trying to understand if MakerDAO is built on the Ethereum platform. I've heard about Ethereum's decentralized applications and smart contracts, and I'm wondering if MakerDAO utilizes these features as it's often mentioned in the same breath as Ethereum.
Who owns MakerDAO?
MakerDAO is owned by its community of users who manage the project through a decentralized autonomous organization (DAO). The DAO controls the stablecoin DAI, which is pegged to the US dollar and generated through collateralized debt positions (CDPs) backed by crypto assets.
What is the use of MakerDAO?
I'm curious about MakerDAO and its purpose. I want to understand what it's used for and how it functions within the crypto ecosystem. Can someone explain the utility of MakerDAO?