- 1 Dai = $1
- Maker keeps Dai at $1 using a system of collateral and price feeds. This collateral is carefully managed by the MKR token holders.
- MKR holders act as a buyer of last resort.
- Smart Contracts are blockchain magic.
- Global settlement provides a final layer of safety.
- You need stablecoins to realize the full potential of blockchain technology.
- Maker also provides decentralized leverage, which is awesome.