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.
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.
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.