What is MakerDAO?

Dai is a decentralized currency designed to offer stability without favoritism, empowering both individuals and businesses to leverage the advantages of digital finance. With Dai, users have access to a price-stable currency that they can create on-demand and in real-time. MakerDAO, founded in 2014, functions as an open-source project on the Ethereum blockchain, operating as a decentralized autonomous organization. The governance structure of MakerDAO is managed by global participants who hold the governance token, MKR. MKR holders engage in a robust governance process that comprises executive voting and Governance Polling, which allows them to oversee the Maker protocol and mitigate the financial risks associated with Dai, thus ensuring its stability, transparency, and efficiency. The voting power of MKR holders is correlated to the amount of MKR tokens they commit to the voting contract known as DSChief, meaning that those who stake more tokens wield greater influence in decision-making matters. This governance framework not only encourages community participation but also ensures that the interests of MKR token holders are aligned with the enduring success of the Dai ecosystem. Ultimately, this structure promotes a collaborative environment that seeks to uphold the integrity and resilience of digital finance through collective decision-making.

Screenshots and Video

Company Facts

Company Name:
MakerDAO
Date Founded:
2014
Company Location:
United States
Company Website:
makerdao.com/en/

Product Details

Deployment
SaaS
Training Options
Documentation Hub
Support
Web-Based Support

Product Details

Target Company Sizes
Individual
1-10
11-50
51-200
201-500
501-1000
1001-5000
5001-10000
10001+
Target Organization Types
Mid Size Business
Small Business
Enterprise
Freelance
Nonprofit
Government
Startup
Supported Languages
English

MakerDAO Categories and Features

MakerDAO Customer Reviews

Write a Review
  • Reviewer Name: A Verified Reviewer
    Position: Software Engineer, IT specialist,
    Has used product for: Less than 6 months
    Uses the product: Yearly
    Org Size (# of Employees): 1 - 25
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Fake Site as far as I can tell...I build websites

    Date: Aug 06 2023
    Summary

    Its what I said it is... non-functional...no support...nothing there...In the Next section. and ask how long have you used this product? I only used it once. and took my money. I spent two days trying to get it out and finally came to grips that it was gone. I gave it 3 on design because it looks like it should work...

    Positive

    Not much to like... It's a fake sight that. stole my money... Now it is possible that someone using a DOS brute force attack mirrored the sight and has the URL under control and I got caught up in a hit and run scam that is usually only found on onion sites linked to the Deep Web and the Dark Web. But occasionally hackers will completely overrun a legit HTTP site just to steal credit card info and in this case Crypto.

    Negative

    Took my $100 and sent it to some address that I cant access or reverse it... its there and I can see it...like a memory...its gone... none of the tabs work none of the icons are linked to anything... its non-functional except that address you cant change that sends your money to a place you cant access...

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