MakerDAO and DAI EXPLAINED - A DECENTRALIZED Central Bank?! | DeFi NOW
What is the Maker token and DAI stablecoin? Here we explain MakerDAO, the decentralized "central" bank and what function it serves in DeFi. By the end of this video you'll understand the purpose of the Maker token, the DAI stablecoin and how it remains stable.
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00:00 Intro
02:37 What is MakerDAO
02:56 Maker Vaults
05:37 Who Controls MakerDAO?
06:42 Stablecoins - Crypto without Volatility
08:47 Getting a DAI Loan
09:56 Liquidation Point
11:28 Maker Token
12:53 Multi-Collateral Dai
13:54 Wrap Up
Disclaimer: I am not your financial advisor. None of this is financial advice. Do your own research, pay attention, be a big kid and make your own decisions.
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