The protocol behind DAI, one of the oldest decentralized stablecoins. Users lock up collateral like ETH to mint DAI, which targets a $1 peg. MakerDAO rebranded to Sky in 2024 but the original name stuck in most conversations. MKR holders govern the system and set risk parameters.
A cryptocurrency designed to maintain a stable value, usually pegged to the US dollar.
An organization run by code and governed by token holders instead of a traditional management structure.
Requiring borrowers to deposit more collateral than the amount they're borrowing.
A DEX aggregator that splits trades across multiple decentralized exchanges to find the best overall price.
One of the biggest lending and borrowing protocols in DeFi.
A cross-chain bridge that uses an optimistic verification system and a network of relayers to move tokens between chains quickly.
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