MakerDao is the company behind Dai, a stablecoin. One DAI is pegged to 1 USD.
Reviews for Dai
The collateralized model (e.g. MKR, and not Tether) is fundamentally hard to argue against.Full review
Let's talk about today's MakerDAO / a16z announcement. for those who missed it, a16z's crypto fund bought 6% of Maker tokens for $15M, at a 25% implied discount to the current price of MKR....I'm sure people think this is a great sign for the project - being able to recruit high quality capital. but, i think this is a massive failure in governance and project management.Full review
Dai is backed by collateral (currently ethers). In fact, it is overcollateralized. The obvious risk is that if the collateral becomes worthless then Dai becomes worthless.Full review
MakerDAO is more than a stablecoin project. Trustless margin trading provides public information previously only accessible to exchangesFull review
See how Dai compares with other stablecoin cryptocurrencies.
Dai is a decentralized, fully collaterized stablecoin.
TrueUSD is a dollar-backed stablecoin running on Ethereum.
Gemini Dollar is a USD-backed stablecoin.
Tether is a dollar-backed stablecoin.