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The Milestones of the MakerDAO Project

 
The Milestones of the MakerDAO Project
Breaking News / Crypto Market
  • The President and COO of MakerDAO spoke in a recent interview where he discussed how he got started in the crypto space.
  • For those who don’t know, MakerDAO is a one of a kind dApp that generates the Dai coin.
  • Putting it simply, the interviewer asked Becker why the firm was created to which he responded...

The President and COO of MakerDAO, Steven Becker spoke in a recent interview where he discussed how he got started in the crypto space as well as talking on the benefits of decentralised finance, the successful launch of multi-collateral Dai, advantages of using the Dai savings rate, his crypto predictions for 2020 and more.

For those who don’t know, MakerDAO is a one of a kind dApp that generates the Dai coin. This is a world-first for decentralised stablecoins that facilitates economic growth on the blockchain as well as empowerment with the blockchain.

Putting it simply, the interviewer asked Becker why the firm was created to which he responded, Rune Christensen started MakerDAO to create a decentralized stable store of value that would help grow the blockchain economy.”

Next, the topic of conversation moved onto MakerDAO’s achievements and milestones. The firm has had a lot of success over the past few years but here’s just a few of them, as put by Becker.

“To be clear the Maker Foundation is the entity that houses the team. The purpose of the Foundation is to help bootstrap the Maker protocol. MakerDAO, the project, is the combination of the Maker protocol, the community, and stakeholders that support and use the protocol.

As mentioned above, the Maker Protocol has integrated with approximately three hundred organisations.

Prior to the move to MCD, the system reached an all-time high of one hundred and two million Dai.”

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