Cryptocurrency in Focus: Maker-ing Decentralized Finance Possible

Cryptocurrency in Focus: Maker-ing Decentralized Finance Possible

MakerDAO is the darling of the decentralized finance movement. Unlike its competitors, it’s backed not by other government-issued currencies, but by other crypto currencies. MakerDAO’s currency, DAI, falls into the category of the so-called “stablecoins.” That means it’s supposed to serve as an alternative to established currencies such as the U.S.