Maker Protocol (MakerDAO)
The Multi-Collateral Dai (MCD) system, also known as the Maker Protocol, enables users to manufacture Dai by utilizing collateral assets that have been given the “Maker Governance” seal of approval.
The mechanism through which the many facets of the Maker Protocol are managed is called Maker Governance and is organized and administered by the community. Dai is a soft-pegged, decentralized cryptocurrency that is independent and backed by collateral to the US Dollar. Due to its low volatility, Dai promotes economic freedom and opportunity to everyone, everywhere. It is resistant to hyperinflation.