Maker DAO
Maker DAO
About
In a world where the financial system is controlled by a few powerful institutions, MakerDAO is building a decentralized alternative.
This DAO (Decentralized Autonomous Organization) uses smart contracts on the Ethereum blockchain to create a stablecoin called DAI, which is pegged to the US dollar.
MakerDAO is open to anyone who wants to participate, and it is governed by its community of token holders. This means that there is no central authority that can control the system, and decisions are made democratically.
Roadmap
MakerDAO is currently working on a number of projects, including:
- Expanding the DAI ecosystem by adding new collateral types.
- Developing new features for the Maker Protocol, such as a decentralized insurance market.
- Improving the governance of MakerDAO.
- Expanding the DAI ecosystem by adding new collateral types.
MakerDAO has been in operation since 2014, and it has successfully maintained the stability of DAI through a number of market volatility events.
"The Decentralized Financial System of the Future"
Tokenomics
Tokenomics Breakdown
- Total supply: 10 million MKR
- Distribution: 50% airdropped to MKR holders, 30% sold in a token sale, 20% reserved for the MakerDAO community.
- Vesting schedule: 20% vested immediately, 80% vested over 4 years.
BUIDL-ers