MakerDAO

Courtesy of MakerDao
  • Category
    DeFi
MakerDAO is widely viewed as a blue-chip in the field of DeFi—and in the world of crypto more broadly. The protocol popularized algorithmic stablecoins that, by design, cannot be undercollateralized—a recurring problem in the stablecoin world. MakerDAO’s Ethereum-based DAI token has a market cap well over $5 billion.