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M

MakerDAO

DeFi ★ Rank #4 in DeFi

MakerDAO is a decentralized stablecoin platform that allows users to generate DAI, a stablecoin pegged to the US dollar. Users lock cryptocurrencies as collateral to mint DAI tokens. The protocol is governed by MKR token holders and maintains DAI stability through various mechanisms.

Open Dapp
Balance
$189.65M
UAW
58.03k
Volume
$28.48M
+4.00%
Overview

About MakerDAO

MakerDAO is a decentralized stablecoin platform that allows users to generate DAI, a stablecoin pegged to the US dollar. Users lock cryptocurrencies as collateral to mint DAI tokens. The protocol is governed by MKR token holders and maintains DAI stability through various mechanisms.

Supported Chains

Ethereum

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