The Beginner’s Guide to DAI

DAI is a decentralized stablecoin that facilitates lending, borrowing, and investing in decentralized applications (dApps). The cryptocurrency market has a reputation for being highly volatile. For example, some of the most significant cryptocurrency tokens, such as Bitcoin or Ethereum, surge and plummet daily. These spikes often bring traders huge ROI or crippling debt. Nevertheless, not all cryptocurrencies experience this level of volatility. For instance, stablecoins rarely experience massive oscillations. Instead, their values remain constant with their pegged counterparts, which are…

A Historic Moment for the Maker Foundation as it Finally Goes Full Circle

MakerDAO recently revealed its plan on moving to a fully decentralized ecosystem within the next few months after disbanding the current Maker Foundation. According to a blog post detailed by the CEO, Rune Christensen, Maker initially started as a decentralized autonomous organization before it moved to a Foundation charged with accomplishing an overall growth of the platform.  However, the Foundation was only designed for existing temporarily as Maker steadily transitions to a fully decentralized path. Looking back, the CEO recounts…