MAKER gonna be huge
Gonna be big!
This post is intended for people who are already familiar with Ethereum to quickly understand what one can accomplish with the Dai Stablecoin System (DSS).
Maker is a Decentralized Autonomous Organization (DAO) that developed Dai Stablecoin System on the Ethereum blockchain.
A decentralized stablecoin is the required component necessary to unlock the next phase of the digital financial revolution. Maker has taken the best parts of earlier stablecoin designs and combined them into the ultimate decentralized currency: Dai (unicode symbol: ◈)
The fact that Maker is a DAO means that it is possible for anyone, anywhere to become a part of Maker and help act as the backbone of the Dai economy.
MKR is a particularly risky asset and requires significantly more holder engagement than other assets. MKR holders are the highest authority in the Maker system - they govern the system and benefit financially when they govern it well, but they also have to foot the bill if things are mismanaged - as a group they need strong social cooperation and a vigilant attitude towards governance.
The biggest exchange for MKR is Oasis - a decentralized exchange that runs entirely on ethereum contracts, is fully autonomous without human control and has 0% fees. Another crucial part of the Dai Stable coin System is the CDP margin trading platform. CDPs are smart contracts that handle the collateral assets that back the market value of outstanding Dai, while simultaneously serving as a platform for decentralized margin trading with lower costs and higher security than what is possible with current margin trading solutions.
The Dai stablecoin, the Oasisdex decentralized exchange, and the CDP margin trading platform combine to offer a full solution for global decentralized finance where everyone - from rural India to Wall Street - gets to benefit from the massive economies of scale that become available when global finance is done right.
Check out more at https://www.reddit.com/r/MakerDAO/comments/7nnxmp/getting_started_with_maker/
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