What is makerdao?

Over 400 apps and services have integrated Dai, including wallets, DeFi platforms, games and more. Learn more about Maker, chat with the team, others in the community, and have your say in shaping the future of decentralized finance. MakerDAO enables the generation of Dai, the world’s first unbiased currency and leading decentralized stablecoin.

Is makerdao a deflationary asset?

With MKR, MakerDAO emerges as a fully decentralized autonomous organization. Whenever fee charge is paid in the MakerDAO cluster, a dollar worth of MKR is purchased off the market to pay for stability fees. This hints that MKR is a deflationary asset.

What is makerdao & uniswap?

The outlet is a high-yield alternative to a savings account, while Uniswap is a protocol designed to enable fast, efficient cryptocurrency trades of Ethereum. Beyond applications in commercial finance, MakerDAO hopes to have an impact on regions currently suffering from hyperinflation by offering a stable alternative to volatile fiat currencies.

Is makerdao a good alternative to cryptocurrencies?

However, platforms like MakerDAO seem to emerge as the best solution to such issues that limit the usability of cryptocurrencies. The portal integrates loans with a stable fiat currency so that people can easily borrow money and accurately predict the amount they had to pay back in the pre-determined time limit.