Basic Primer to Token Design of DAI (MakerDAO) | The OG Stablecoin
General Conclusion MakerDAO is one of the core project on DeFi. The foundation of the project is built on the Ethereum blockchain. The two main components are $DAI (stablecoin) and $MKR (governance). The protocol creates $DAI that is backed by $ETH using a vault mechanism.This system is able to regulate and stabilise the price of…
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