The Maker Multi-Collateral Dai System (MakerDao)

By Vasilli Kasimov

What is MakerDAO?

MakerDao is the first and one of the major leaders in the decentralised finance (DeFi) blockchain infrastructure, with a total of USD 14.3 Billion locked in the smart contract protocol, currently, according to Defi Pulse[1]. MakerDao was the creator of the first truly decentralised stablecoin called the DAI[2], soft-pegged to the US dollar through a simple — yet effective — financial incentive system, allowing global exposure for individuals to the world’s reserve currency (the US dollar), regardless of location…