The many paths of Dai

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  • MakerDAO is a non-custodial credit facility founded in 2015
  • The protocol’s stablecoin, Dai, has led to the creation of multiple variants including interest-rate bearing cDai and privacy centric ZkDai
  • The Block has mapped out the path Dai takes to these variants and how they work

Due to Ethereum’s high degree of composability, product experimentation has flourished on the network. Each year, a new application is developed, launched, and presented at one of many global Ethereum-centric conferences. These applications leverage one of the many building tools that Ethereum has to offer — one of which is MakerDAO and its overcollateralized stablecoin, Dai…

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