Entity Type
Founding Date

MakerDAO is a decentralized finance platform that lets borrowers use Dai, a volatile cryptocurrency as collateral for loans of stablecoins pegged to the U.S. dollar. The borrower pays interest on the loans, but if the crypto collateral falls too far, it is sold to pay off the loan. Dai, a decentralized stablecoin, allows anyone, anywhere the freedom to choose money that maintains its purchasing power.

Funding: $63 million from Andreessen Horowitz, Dragonfly Capital, Polychain