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Notional Finance is arguably the best fixed-rate borrowing and lending platform in DeFi or TradFi.&nbsp; That’s because Notional offers users...

Notional Finance: the best fixed interest rates in DeFi and TradFi!

DeFi Pulse monitors each protocol&#039;s underlying smart contracts on the Ethereum blockchain.

Defi Pulse Blog

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William Peaster

Maker, Ethereum’s first-ever DeFi application, is a decentralized credit platform offering users access to the most proven permissionless stablecoin to...

Oasis.app: Growing Crypto’s Tried-and-True Dai and DeFi Gateway

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This week we're joined by Kryptocucumber of Co-founder of Ruler Protocol, a market driven lending platform with non-liquidatable loans.

Founder Fireside Chat with Kryptocucumber of Ruler Protocol - Defi Pulse Blog

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Founder Fireside Chat with Kryptocucumber of Ruler Protocol

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Chaz Schmidt

Our guest this week Lao Zi, anonymous founder of QiDao Protocol, shares their advice for building community around a DeFi project.

Founder Fireside Chat with Lao Zi of QiDao Protocol - Defi Pulse Blog

Founder Fireside Chat with Lao Zi of QiDao Protocol

Daistats

Redeem old SAI or CDP

EthHub - Maker

Maker Governance

Multi-Collateral Dai Update

What is CHAI?

MakerDAO is a decentralized credit platform on Ethereum that supports Dai, a stablecoin whose value is pegged to USD. Anyone can use Maker to open a Vault, lock in collateral such as ETH or BAT, and generate Dai as debt against that collateral. Dai debt incurs a stability fee (i.e., continuously accruing interest), which is paid upon repayment of borrowed Dai. That MKR is burned, along with the repaid Dai. Users can borrow Dai up to 66% of their collateral’s value (150% collateralization ratio). Vaults that fall below that rate are subject to a 13% penalty and liquidation (by anyone) to bring the Vault out of default. Liquidated collateral is sold on an open market at a 3% discount.
Holders of Maker’s other token (MKR) govern the system by voting on, e.g., risk parameters such as the stability fee level. MKR holders also act as the last line of defense in case of a black swan event. If system-wide collateral value falls too low too fast, MKR is minted and sold on the open market to raise more collateral, diluting MKR holders.
Maker also has a feature called the Dai Savings Rate (DSR). DAI holders can lock their DAI into Maker’s DSR contract and earn a variable interest rate in DAI, which is generated from stability fees.

Total Value Locked		24H
in USD	$14.52B	+1.0%
in ETH	7.3M	+3.1%
in BTC	494.3K	+3.7%
ETH Locked	2.15M ETH	-12.7K
% Supply Locked	1.77%
Blockchain	Ethereum
Most Locked	$WETH
Protocol Token	$MKR

Maker

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