MakerDAO is a decentralized autonomous organization which maintains and regulates DAI, a kind of cryptocurrency known as a stablecoin that aims to keep its value as close to one US dollar as possible through an automated system of smart contracts on the Ethereum blockchain. Each quiz earns you $2.
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MakerDAO is a decentralized organization whose mission is to enable greater financial freedom. It uses the Maker protocol and two native tokens, MKR and DAI, to let anyone borrow funds by supplying collateral.
Learn how it works and you’ll earn up to $3 in GRT tokens.
Answers:
Lesson One:
MakerDAO is a decentralized organization whose mission is to enable greater financial freedom. It uses the Maker protocol and two native tokens, MKR and DAI, to let anyone borrow funds by supplying collateral.
Answer:
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MKR and DAI
Lesson Two:
All upgrades to MakerDAO are decided by the community of MKR token holders. The system is structured to reward prudent management and always ensure Dai is backed by an excess of collateral.
Answer:
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MKR holders
Lesson Three:
By providing secure, stable, and transparent financial tools, MakerDAO hopes to increase economic empowerment for users around the world.
Answer:
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A crypto wallet and crypto collateral
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