|| A protocol that maintains a cryptoasset-backed stablecoin called DAI.
| Tokenholder rights
|| Accrued interest is distributed to MKR tokenholders via token buybacks. MKR tokenholders vote on protocol parameters.
|| MakerDAO has raised approx. $50M from a16z, Polychain, Dragonfly, Paradigm, etc.
|| Fiat-backed stablecoins such as USDC, USDT and cryptoasset-backed such as Terra, Kava.
The more DAI is issued and the higher the effective interest rate, the more MKR tokenholders earn.