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Makerdao technical docs the maker protocol is the platform through which anyone, anywhere can generate the dai stablecoin against crypto collateral assets This white paper describes the maker protocol, a series of smart contracts built on the ethereum blockchain, enablilng users to generate the dai stablecoin. Makerdao is a defi application based on the ethereum blockchain that enables borrowing and lending coins on its platform The two coins include dai and mkr
The former acts as a stablecoin for the lending protocol, while the latter supports the dai stablecoin and governs the network If the borrower fails to maintain the collateral value, the platform will sell the collateral at a 3% discount. All are welcome to contribute Get started those interested in makerdao are invited to explore amd's collection of resources below
The maker governance community is responsible for the health and security of the maker protocol Learn how to become a voter and shape the future of defi.
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