Understanding the Maker Protocol

30 Oct 2022  ·  Jason Chen, Kathy Fogel, Kose John ·

This paper discusses a decentralized finance (DeFi) application called MakerDAO. The Maker Protocol, built on the Ethereum blockchain, enables users to create and hold currency. Current elements of the Maker Protocol are the Dai stable coin, Maker Vaults, and Voting. MakerDAO governs the Maker Protocol by deciding on key parameters (e.g., stability fees, collateral types and rates, etc.) through the voting power of Maker (MKR) holders. The Maker Protocol is one of the largest decentralized applications (DApps) on the Ethereum blockchain and is the first decentralized finance (DeFi) application to earn significant adoption. The objective of this paper is to analyze and discuss the significance, uses, and functions of this DeFi application.

PDF Abstract

Code
Add Remove Mark official

No code implementations yet. Submit your code now

Tasks
Add Remove

Datasets

  Add Datasets introduced or used in this paper

Results from the Paper
Add Remove

  Submit results from this paper to get state-of-the-art GitHub badges and help the community compare results to other papers.

Methods
Add Remove

No methods listed for this paper. Add relevant methods here
Contact us on: hello@paperswithcode.com . Papers With Code is a free resource with all data licensed under CC-BY-SA.
Terms Data policy Cookies policy