Tran, Decrypt / Ki Chong. “What Is MakerDAO? A 3-Minute Guide to the Lending Platform.” Decrypt, 2 Apr. 2020, decrypt.co/resources/makerdao-guide-learn-explained-decrypt-3-minutes.

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Syracuse University

Examples of Dapps

CryptoKitties
- CryptoKitties is one of the most well-known Dapps after its launch in 2017 when high levels of activity actually slowed down the Ethereum network
- In this Dapp, users can buy, breed and collect digital cats which represent NFTs meaning their guaranteed to be unique
- One of these kitties known as Vulcat was sold for 170,000

CryptoKitties

MakerDAO is a Dapp built on Ethereum that allows the lending and borrowing of cryptocurrencies without the need for a intermediary. More specifically, it's an organization developing technology for borrowing, savings, and a stable cryptocurrency hosted on the Ethereum blockchain. MakerDAO was invented by Rune Christensen who is the founder and current CEO of MakerDAO.


MakerDAO is made up a Smart Contract service that manages lending and borrowing, it also hosts two currencies DAI and MKR to regulate the values of loans.   


MakerDAO has a current value of 17.8 Billion, to date they have about 2.3M ETH locked which is over 2% of all the ETH supply.

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