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===The Maker Protocol=== | ===The Maker Protocol=== | ||
The Maker Protocol is one of the largest DApps on the Ethereum blockchain. Designed by a group of contributors, including developers within the Maker Foundation, its outside partners, and other persons and entities, it is the first [[decentralized finance]] (DeFi) application to see significant adoption. | The Maker Protocol is one of the largest DApps on the Ethereum blockchain. Designed by a group of contributors, including developers within the Maker Foundation, its outside partners, and other persons and entities, it is the first [[Decentralized Finance|decentralized finance]] (DeFi) application to see significant adoption. | ||
The Maker Protocol is managed by people around the world who hold its governance token, MKR. Through a system of [https://makerdao.world/en/learn/governance/gov-risk-framework/ scientific governance] involving Executive Voting and Governance Polling, MKR holders govern the Protocol and the financial risks of Dai to ensure its stability, transparency, and efficiency. One MKR token locked in a voting contract equals one vote. | The Maker Protocol is managed by people around the world who hold its governance token, MKR. Through a system of [https://makerdao.world/en/learn/governance/gov-risk-framework/ scientific governance] involving Executive Voting and Governance Polling, MKR holders govern the Protocol and the financial risks of Dai to ensure its stability, transparency, and efficiency. One MKR token locked in a voting contract equals one vote. | ||