Share this article
BTC
$93,085.90
+
2.74%ETH
$1,789.78
+
5.98%USDT
$1.0001
-
0.05%XRP
$2.2229
+
3.76%BNB
$604.09
-
0.50%SOL
$150.48
+
4.16%USDC
$0.9998
+
0.00%DOGE
$0.1774
+
3.88%ADA
$0.6988
+
6.97%TRX
$0.2448
-
0.78%LINK
$14.85
+
7.74%SUI
$2.9384
+
23.28%AVAX
$22.25
+
3.30%LEO
$9.0744
+
1.26%XLM
$0.2665
+
3.81%SHIB
$0.0₄1339
+
2.70%TON
$3.1026
+
4.38%HBAR
$0.1812
+
3.07%BCH
$359.60
+
0.52%LTC
$83.80
+
1.56%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
How MakerDAO Works: A Video Explainer
An illustrated guide to the decentralized finance (DeFi) lending platform MakerDAO and its tokens, MKR and DAI.
An illustrated guide to the decentralized finance (DeFi) lending platform MakerDAO and its tokens, MKR and DAI. Got questions about fluctuating interest rates and collateralization? We've got you covered.
STORY CONTINUES BELOW
Here's how Maker works:
Read more: What Is Yield Farming? The Rocket Fuel of DeFi, Explained
Bailey Reutzel
Bailey Reutzel is a long-time crypto and tech journalist, having started writing about Bitcoin in 2012. Since then her work has appeared in CNBC, The Atlantic, CoinDesk and many more. She has worked with some of the biggest tech companies on content strategy and creation, and helped them program and produce their events. In her free time, she writes poetry and mints NFTs.
Christine Kim
Christine is a research analyst for CoinDesk. She focusses on producing data-driven insights about the cryptocurrency and blockchain industry. Prior to her role as a research analyst, Christine was a tech reporter for CoinDesk mainly covering developments on the ethereum blockchain.
Cryptocurrency holdings: None.
