MakerDAO is both the protocol and DAO behing the largest decentralized stablecoin DAI and enables users to generate loans against their crypto assets.
MakerDAO is the protocol behind the stablecoin DAI, one of the first decentralized autonomous organizations, or DAOs, built on the Ethereum blockchain. The Maker Protocol is made up of a decentralized stablecoin, collateralized loans, and community governance. This MakerDAO project has two parts; a DAO which governs DAI, a crypto-collateralized stablecoin. The goal is to create a complete, decentralized finance ecosystem on the Ethereum blockchain network that allows for loans and savings.