MakerDAO protocol
Overview
MakerDAO is a decentralized autonomous organization that governs the Maker Protocol, a lending platform on Ethereum. Users generate DAI, a stablecoin soft-pegged to the US dollar, by depositing collateral in smart contracts. The protocol is maintained by MKR token holders, who vote on risk parameters and system upgrades.
Within the DeFi Intel graph, MakerDAO connects to 5 tracked entities, most strongly to Rune Christensen, Sky Announces First Native Deployment of USDS, sUSDS on Avalanche, Chronicle Protocol.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 5 of 5 total).
| Relation | Connected entity | Confidence |
|---|---|---|
founded | Rune Christensen | 95% |
mentions | Sky Announces First Native Deployment of USDS, sUSDS on Avalanche | 95% |
integrates | Chronicle Protocol | 95% |
partnered_with | ImmuneFi | 90% |
partnered_with | Chronicle Labs | 90% |
In-depth guides on MakerDAO
Frequently asked questions
What is MakerDAO?
MakerDAO is the decentralized organization that manages the Maker Protocol and the DAI stablecoin, governing its operations through MKR token holder voting.
How does DAI maintain its peg to the US dollar?
DAI's peg is maintained through a system of collateralized debt positions, automated liquidation of undercollateralized positions, and market-driven arbitrage via the PSM (Peg Stability Module), all governed by MKR holders.
What is the role of MKR tokens?
MKR tokens serve as governance tokens for MakerDAO, allowing holders to vote on protocol parameters, and are minted or burned to absorb system surpluses or deficits to maintain solvency.
What is MakerDAO connected to?
In the DeFi Intel knowledge graph, MakerDAO is linked to 5 other tracked entities, most strongly to Rune Christensen, Sky Announces First Native Deployment of USDS, sUSDS on Avalanche, Chronicle Protocol.
Live news feed, full graph, and search.