Category: MakerDAO

The cryptocurrency guide for the perplexed: DAI

DAI is a stablecoin running on top of the ethereum blockchain pegged to the United States dollar. It keeps its peg through a system of smart contracts and the participants who are incentivized to perform maintenance and governance functions. It’s maintainers are a decentralized autonomous organization (DAO) called MakerDAO, and they’re probably even more interesting… Read More »The cryptocurrency guide for the perplexed: DAI

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The Cryptocurrency Guide for the Perplexed: Wrapped Bitcoin (wBTC)

Bitcoin is underrepresented in decentralized finance (DeFi). Most of it happens on the Ethereum blockchain and the codes for ETH and BTC don’t play well together, so paying for your DeFi related shenanigans using BTC generally needs a little extra something. Enter Wrapped Bitcoin (wBTC). Wrapped Bitcoin is an ERC-20 token used to represent Bitcoin… Read More »The Cryptocurrency Guide for the Perplexed: Wrapped Bitcoin (wBTC)

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