Org Chart: The Maker Foundation

IntelligenceJune 17, 2020, 3:31PM EDT
UPDATED: March 10, 2022, 3:40PM EST
Org Chart: The Maker Foundation
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The Maker Foundation is a nonprofit organization that supports the development of the MakerDAO decentralized finance (DeFi) protocol. 

MakerDAO is an Ethereum-based credit facility that is responsible for the production of the stablecoin DAI. The stablecoin is generated when users deposit ether or other collateral types into a collateralized debt position (CDP). While DAI freely trades on secondary markets, governors of MakerDAO periodically adjust interest rates to influence supply or demand, with the goal to keep the price of DAI near one U.S. dollar.

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