Date added:
16 Feb 2022
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MakerDAO is one of the first DeFi protocols in the crypto space that introduced the first crypto-backed stablecoin called Dai (DAI), which is set at a value of 1:1 with the United States Dollar. It is governed by those who hold and/or are delegated MKR, the governance token of the protocol. Since 2021, the project has become more decentralized, with the MakerDAO Foundation being shut down in order to move operations to decentralized business units known as core units.
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