From early adopters and Maker Foundation Employees to MKR holders, ecosystem stakeholders, and community members, the Maker Community is an indispensable and critical part of the Maker system. In short, the Maker Community is MakerDAO.
MKR holders have the sole authority to enact changes to the system through voting.
The Maker Protocol is the set of smart contracts that make it possible to generate Dai.
The Protocol was the first decentralized finance (DeFi) application to earn significant adoption and remains one of the largest decentralized applications (DAPPs) on the Ethereum blockchain.
All Dai is backed by a surplus of collateral that has been locked into audited and publicly viewable Ethereum smart contracts. Anyone with an internet connection can monitor the health of the system anytime at daistats.com or through other third-party tools.