FAQ
MakerDAO is a decentralized, autonomous credit platform running on the Ethereum network. The DAI stablecoin is issued by an Ethereum-based protocol that also makes it possible to get loans secured by collateral without the need for an intermediary.
DAI is collateralized by other crypto assets. By securing other crypto in contracts, it aims to keep a steady 1:1 value with the US dollar.
You can use the MakerDAO Protocol to get DAI by using ETH or other crypto assets as collateral. Or, you can swap ETH for an equal amount of DAI.
