PROTOCOL CATEGORY MARKETCAP PRICE 24HR 7D 30D Corr. 1Y Corr. EARNINGS 1Q E 1Y E P/E TRADEVOL VOL/MC DEX SLIPPAGE INFLATION STAKED YIELD
MakerDAO $434,851,608 $432.44 1.23% -13.02% 25.74% 0.42 -37.41% 0.60 $279,896 -95.75% -98.06% 1,553.62 $9,870,567 2.27% 0.34% 0.56% 100.00% 0.06%

Overview

Service 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.
Funding MakerDAO has raised approx. $50M from a16z, Polychain, Dragonfly, Paradigm, etc.
Competition 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.