Obviously the volatile nature of cryptocurrency makes borrowing and lending crypto difficult which is why MakerDAO combines loans and stable currency to allow anyone to borrow money and reliably predict how much to pay back.

Maker's protocol allows people with ETH and a MetaMask wallet to lend themselves money in the form of a Stablecoin called DAI. By locking in ETH users can create a corresponding amount of DAI. When users want to unlock the ETH, which acted as collateral on their DAI loan, they simply pay back the loan along with any fees.

DAI, ETH and MKR work together to form a automatic system of checks and balances.

• DAI is an ERC20 token on the Ethereum blockchain that has a steady value of one US dollar
• MKR is a token created by MakerDAO and its purpose is to support stability of the DAI token and enable governance for the Dai Credit System. Holders of MKR make key decisions on the operation and future of the system