Lockstake Smart Contracts
Off-Chain (Private)
Audited on 2024/09/09
No active critical issues
Summary
MakerDAO implements a staking framework that allows borrowing against governance tokens as collateral while retaining the ability to delegate their voting power and simultaneously allowing these tokens to be staked to earn yield. "The Maker Protocol, also known as the Multi-Collateral Dai (MCD) system, allows users to generate Dai by leveraging collateral assets approved by “Maker Governance.” Maker Governance is the community organized and operated process of managing the various aspects of the Maker Protocol. Dai is a decentralized, unbiased, collateral-backed cryptocurrency soft-pegged to the US Dollar. Resistant to hyperinflation due to its low volatility, Dai offers economic freedom and opportunity to anyone, anywhere.
Project
Multi-Chain
