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    Gate.io Blog:The DeFi Era Originator: An Introduction to Maker Dao

    2022-04-14 10:37:54 UTCRead:22429

    【TL; DR】

    1. MakerDAO is the first and largest algorithmic-backed lending platform in Ethereum, and also the publisher of stablecoin DAI.

    2. MakerDAO is widely regarded as the initiator of the DeFi era.

    3. MakerDAO offers MKR as staking rewards and governance tokens. As long as anyone holds MKR, he/she has certain rights to manage MakerDAO.

    4. The price of MKR is closely related to the development of the MakerDAO lending business.

    MakerDAO is the first and largest algorithmic-backed lending platform in Ethereum, and also the publisher of the famous stablecoin DAI. In 2014, MakerDAO was founded in California; In 2015, the platform token MKR was born; In 2017, MakerDAO officially launched the stablecoin DAI. Because the lending project plays an important role in the whole DeFi ecosystem, MakerDAO is generally considered to be the initiator of the DeFi era.

    For more information on the specific analysis process, please read this blog:The DeFi Era Originator: An Introduction to Maker Dao




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    April 14



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