MakerDAO company
Overview
A decentralized entity called MakerDAO runs the Maker Protocol on the Ethereum blockchain. This protocol creates the DAI stablecoin. Participants produce DAI by depositing eligible collateral, including ETH, into smart contracts known as Vaults. Governance of the protocol rests with owners of the MKR token, who cast votes on risk settings and system modifications.
Within The Counterparty graph, MakerDAO connects to 12 tracked entities, most strongly to Dai, Sky (formerly MakerDAO), sDAI.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 10 of 12 total).
| Relation | Connected entity | Confidence |
|---|---|---|
issued_by | Dai | 95% |
rebranded_to | Sky (formerly MakerDAO) | 95% |
issued_by | sDAI | 95% |
launched | Spark Protocol | 95% |
co_founded | Rune Christensen | 95% |
issued | DAI Stablecoin | 95% |
reactivated | DAI Savings Rate (DSR) | 90% |
approved_subdao | Spark Protocol | 85% |
allocated_to_susde | sUSDe (Staked USDe) | 85% |
launched | Enhanced DAI Savings Rate (EDSR) | 85% |
Questions on the record
Who founded MakerDAO?
Rune Christensen, a Danish software developer, co-founded MakerDAO in 2015 and was the creator of the DAI stablecoin.
What happened to MakerDAO in 2024?
MakerDAO rebranded to Sky in August 2024, introducing the USDS stablecoin and the SKY governance token.
Does DAI still exist after the Sky rebrand?
DAI remains in circulation alongside USDS; it was not replaced, and an optional upgrade path exists between the two.