Proof of Read : Maker DAO and its ecosystem
On Thursday, May 28, 2020, Ethereum Montreal and DEFI MTL collaborated to host the MakerDAO introduction session. In this virtual meetup, Didem D. & Mahsa M. presented an overview of the stable coin ecosystem. They were followed by an overview of the MakerDao ecosystem presented by Marc-Andre Dumas, Senior Integrations Engineer of the Maker Foundation.
MakerDao was started in 2015. it is the protocol behind the stable coin DAI, or put simply 1 DAI = $1 USD. What makes it unique is each DAI is backed by Ether instead of MakerDAO actually having $1USD at the bank.
To know more about MakerDao, you should:
Visit Makerdao website: https://makerdao.com/en/
Go check out Didem D. & Mahsa M. paper here: :https://users.encs.concordia.ca/~clark/papers/2020_cacm_stable.pdf
To watch the event you can either start the playlist below or go directly on Defi MTL Youtube Channel here: https://www.youtube.com/channel/UCo3flAJKy2ytM5MViKfI3hg
If you do not want to miss the next event, please consider subscribing to our newsletter on our website: https://www.decentralized-finance-montreal.com