MakerDAO
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MakerDAO is a decentralized autonomous organization (DAO) that governs the Maker Protocol, a smart contract-based system publicly deployed on the Ethereum blockchain that generates and sustains Dai, a decentralized stablecoin.[1]
MakerDAO participants vote on proposals to change the Maker Protocol status via a decentralized voting system, in which MKR acts as the governance token. MKR is the governance token of MakerDAO, and its holders use it as voting power through an Ethereum-based voting model to settle their decisions on each proposal.
Proposals can be directed to modify the Maker Protocol or DAI status or to change the organizational composition of MakerDAO. For a proposal to be accepted as valid by MakerDAO governance, it must follow strict guidelines and frameworks denominated as Maker Improvement Proposals (MIP).[2]
This article "MakerDAO" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:MakerDAO. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
- ↑ Stevens, Robert (Aug 10, 2022). "How Does MakerDAO Work? Understanding the 'Central Bank of Crypto'". Coindesk.com. Coindesk. Retrieved 21 January 2023.
- ↑ Kelly, Liam (Oct 28, 2022). "MakerDAO Splits in Two Over Founder's 'Endgame' Proposal". Decrypt.co. Decrypt. Retrieved 21 January 2023.
