MakerDAO

MakerDAO is a decentralised lending facility built on the Ethereum blockchain. MakerDAO has a governance token called the Maker token (MKR), which derives its value from the interest paid for borrowers that create Dai. Dai is created by users posting collateral in ETH and receiving Dai in exchange. Dai is MakerDAO’s native token and is considered a stablecoin, with its soft peg to the U.S. dollar.