Maker
CDP
Risk Rating
Good
Protocol Code Quality
Protocol Maturity
Protocol Design
Summary
What we like
Maker is one of the safest borrowing protocols that enables loans paid out in its own DAI stablecoin, which is overcollateralized by strong crypto assets.
What we like less
The DAI stablecoin is ~30% backed by USDC, a centralized stablecoin. This exposes DAI to underlying the risks related to Circle, a licensed custodian who holds the underlying USD reserves.
What it means for you
Offers you a great way to borrow one of the premier decentralized stablecoins and put it to use to earn yield for you across DeFi.
Information
Exploit/Hacks
None
Info
Key Metrics
Risk Assessment
Good
Protocol Code Quality
Protocol Maturity
Protocol Design
Things to know about Maker