MakerDAO Review

MakerDAO, a leading player in decentralized finance, was launched in 2015 and introduced its popular stablecoin, Dai, in 2017. The Dai stablecoin is designed to maintain a stable value using smart contracts on the Ethereum blockchain, offering a secure way for users to lock in collateral and generate Dai. The project received a significant boost in 2019 when Dragonfly Capital and Paradigm invested $27.5 million, supporting further development and driving adoption in Asia. Since then, MakerDAO has fully decentralized its governance, with MKR token holders now in control after the Maker Foundation dissolved in 2021.

$4 949 593 460

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MakerDAO offers

DAI

7.5%

Status

Available

Flexible

$1 303 039 362

Ethereum

Coin

Action

DAI

7.5%

Flexible

$1 303 039 362

Ethereum

Crypto earn alerts on MakerDAO

Criffy provides an ideal way to stay on top of earning programs across protocols and dApps. For MakerDAO, you can easily track new earning opportunities, monitor APY changes for specific offers, and receive notifications when you can start earning interest on a particular cryptocurrency. Setting up an alert helps you stay informed about the best earning opportunities on MakerDAO.

Earning crypto on MakerDAO

Protocols and dApps offer various options to earn crypto, like lending or participating in liquidity pools. With Criffy, you can easily track five different earning options from MakerDAO. Check the table above for all the details.

Current TVL of the MakerDAO protocol

The MakerDAO protocol's Total Value Locked (TVL) is currently $4 949 593 460. TVL is a helpful metric in DeFi, showing the total assets users have deposited into a protocol’s smart contracts. It gives a snapshot of liquidity and the level of trust from the community, helping to show how much value a platform like MakerDAO is holding.

MakerDAO protocol type

MakerDAO is a type of Collateralized Debt Position (CDP) protocol, which lets users lock up assets as collateral to take out loans. With CDP, you can borrow funds without having to sell your assets, keeping the potential for their value to grow. MakerDAO approach is well suited for those looking to access liquidity in a flexible, decentralized way while still holding onto their investments, a key benefit that has made CDP models popular in the DeFi space.

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