This is a chapter from the Token Economy book series. All subchapters are collapsed under their subchapter headings to make the page more readable. Find copyright information on this text and about the book an the end of the page.
Disclaimer: This chapter repeats many concepts that have already been introduced in a previous chapter on Stable Tokens, but goes much deeper into the use case of MakerDAO. The first subchapter titled “History in a Nutshell” can be skipped if you are already familiar with the stable tokens in general or the use case in particular. Furthermore, please note that Dai and MakerDAO have historically been subject to frequent changes. Assuming that this trend continues, certain details described in the following chapter might therefore be out of date at the time of reading this book. Stable tokens in general and alternatives to DAI are explained in another book of the Token Economy Series titled “Money, NFTs & DAOs.”