The many paths of Dai

Due to Ethereum’s high degree of composability, product experimentation has flourished on the network. Each year, a new application is developed, launched, and presented at one of many global Ethereum-centric conferences. These applications leverage one of the many building tools that Ethereum has to offer — one of which is MakerDAO and its overcollateralized stablecoin, Dai.

Founded in 2015, MakerDAO has established itself as a significant tool of Ethereum’s ever-growing DeFi ecosystem. The existence of MakerDAO’s non-custodial credit facility and the resulting stablecoin has led to a growing branch of products and applications built around the usage of Dai.