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…

Beginner’s Guide to MakerDAO – Resolving the Fight Against Volatility

The DeFi Ecosystem Decentralized Finance, or more commonly known as DeFi, is the newest trend in the cryptocurrency sector. After "Colored Coins," Smart Contracts, and ICOs, DeFi has taken the limelight. It has opened the door to a whole new branch of decentralized technologies. Among the several hundreds of projects that focus on bringing Decentralize Finance to the masses, none has been as successful as the MakerDAO Network. The Need for MakerDAO The MakerDAO is a decentralized smart contract platform…