In this episode, we dive into the MakerDAO Whitepaper, which introduces the revolutionary Dai Stablecoin System. Built on Ethereum, Dai is a collateral-backed stablecoin designed to maintain a 1:1 peg to the US Dollar through an innovative system of Collateralized Debt Positions (CDPs), autonomous feedback mechanisms, and decentralized governance. We’ll explore the inner workings of the MakerDAO ecosystem, including price stability mechanisms, risk management strategies, and the critical role of the MKR token in governance and stability fees. Tune in to learn how MakerDAO is pioneering decentralized finance (DeFi) by creating a stable digital currency and a robust platform for decentralized margin trading and lending!