Mapping out the many paths of Dai
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Quick Take
- MakerDAO is a non-custodial credit facility founded in 2015
- The protocol’s stablecoin, Dai, has led to the creation of multiple variants including interest-rate bearing cDai and privacy centric ZkDai
- The Block has mapped out the path Dai takes to these variants
Due to Ethereum’s high degree of composability, product experimentation has flourished on the network. Each year, a new application is developed, launched, and presented at one of many global Ethereum-centric conferences. These applications leverage one of the many building tools Ethereum has to offer — one of which is MakerDAO and its overcollateralized stablecoin, Dai. Founded in […]
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