MakerDAO company
Overview
MakerDAO is a decentralized organization that operates the Maker Protocol on Ethereum, which issues the DAI stablecoin. Users generate DAI by locking approved collateral (such as ETH) in smart contracts (Vaults). The protocol is governed by holders of the MKR token, who vote on risk parameters and system upgrades. In 2024, MakerDAO rebranded to Sky as part of its "Endgame" plan, introducing the USDS stablecoin and SKY governance token, though the Maker Protocol and DAI remain in operation.
Within the DeFi Intel graph, MakerDAO connects to 12 tracked entities, most strongly to Dai, Sky (formerly MakerDAO), sDAI.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 10 of 12 total).
| Relation | Connected entity | Confidence |
|---|---|---|
issues | Dai | 95% |
rebranded_to | Sky (formerly MakerDAO) | 95% |
issues | sDAI | 95% |
launched | Spark Protocol | 95% |
co_founded_by | Rune Christensen | 95% |
issued | DAI Stablecoin | 95% |
reactivated | DAI Savings Rate (DSR) | 90% |
approved_subdao | Spark Protocol | 85% |
allocated_to_susde | sUSDe (Staked USDe) | 85% |
launched | Enhanced DAI Savings Rate (EDSR) | 85% |
Sources
In-depth guides on MakerDAO
Frequently asked questions
What is MakerDAO?
MakerDAO is a decentralized autonomous organization that manages the Maker Protocol, a DeFi system that creates the DAI stablecoin. It allows users to generate DAI by depositing collateral into smart contracts.
How does DAI maintain its peg to the US dollar?
DAI maintains its peg through a combination of automated mechanisms and active governance. Users can arbitrage price differences by creating or repaying DAI against collateral, which helps stabilize the exchange rate.
What is the role of the MKR token?
MKR is the governance token of MakerDAO. Holders vote on protocol parameters such as collateral types, stability fees, and debt ceilings. MKR is also used as a backstop: if the system becomes undercollateralized, new MKR is minted and sold to cover the deficit.
What is MakerDAO connected to?
In the DeFi Intel knowledge graph, MakerDAO is linked to 12 other tracked entities, most strongly to Dai, Sky (formerly MakerDAO), sDAI.
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