MakerDAO Description

Dai is a decentralized currency that provides stability without bias, allowing both individuals and businesses to take advantage of digital finance. It offers a price-stable currency under your control, enabling you to create Dai whenever you need it, instantly. MakerDAO, established in 2014, operates as an open-source initiative on the Ethereum blockchain and functions as a decentralized autonomous organization. The governance of the project is in the hands of individuals worldwide who possess its governance token, MKR. MKR holders utilize a structured governance system that includes executive voting and Governance Polling to oversee the maker protocol and manage the associated financial risks of Dai, ensuring it remains stable, transparent, and efficient. The influence of MKR voting is directly linked to the quantity of MKR tokens that a participant stakes in the voting contract known as DSChief. Consequently, those who lock more MKR tokens into the contract possess increased power in decision-making processes. This system not only fosters community involvement but also aligns the interests of MKR holders with the overall health of the Dai ecosystem.

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Integrations

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Reviews - 1 Verified Review

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Company Details

Company:
MakerDAO
Year Founded:
2014
Headquarters:
United States
Website:
makerdao.com/en/

Media

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Product Details

Platforms
Web-Based
Types of Training
Training Docs
Customer Support
Online Support

MakerDAO Features and Options

MakerDAO User Reviews

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  • Name: Anonymous (Verified)
    Job Title: Software Engineer, IT specialist,
    Length of product use: Less than 6 months
    Used How Often?: Yearly
    Role: User
    Organization Size: 1 - 25
    Features
    Design
    Ease
    Pricing
    Support
    Likelihood to Recommend to Others
    1 2 3 4 5 6 7 8 9 10

    Fake Site as far as I can tell...I build websites

    Date: Aug 06 2023

    Summary: Its what I said it is... non-functional...no support...nothing there...In the Next section. and ask how long have you used this product? I only used it once. and took my money. I spent two days trying to get it out and finally came to grips that it was gone. I gave it 3 on design because it looks like it should work...

    Positive: Not much to like... It's a fake sight that. stole my money... Now it is possible that someone using a DOS brute force attack mirrored the sight and has the URL under control and I got caught up in a hit and run scam that is usually only found on onion sites linked to the Deep Web and the Dark Web. But occasionally hackers will completely overrun a legit HTTP site just to steal credit card info and in this case Crypto.

    Negative: Took my $100 and sent it to some address that I cant access or reverse it... its there and I can see it...like a memory...its gone... none of the tabs work none of the icons are linked to anything... its non-functional except that address you cant change that sends your money to a place you cant access...

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