Maker are the Builders of Dai, a digital currency that can be used by anyone, anywhere, anytime. The Maker community is progressively preparing themselves for complete decentralization.
The Dai is a stable decentralized currency which does not discriminate. And, any business or individual will be able to realize the advantages of digital money. They provide for financial freedom without volatility. This is a price-stable currency which is controlled by the community of users, and therefore Dai is generated on the terms of the community instantly.
There are several investors who earn Dai by holding Dai. The Oasis is the decentralized finance hub, and it is used to trade tokens, borrow Dai, and earn the savings and all of them in one place.
Sydney Ifergan, the crypto expert, tweeted: “Oasis platform for decentralized finance supports tokens like Maker Dai, Ethereum, BAT, USDC, WBTC, Augur, Ox, LINK, PAX, and TUSD. Users are able to exchange tokens, borrow Dai, and earn savings all in one place.”
Oasis is a platform that is built on the top of audited and formally verified smart contracts that are created by Maker. Of note, Maker is the leader in decentralized finance. Oasis is completely permissionless; it is a non-custodial platform; it is accessible, making use of an Ethereum-supported wallet. There is no need for an account to make use of Oasis. However, it is necessary to have an Ethereum wallet.
While Oasis is free to use, it is important to pay gas and other associated fees. Those who are willing to buy cryptocurrency will not be able to buy it using their bank account; instead, they have to use Dai and buy other supported tokens.
The Maker Foundation Interim Governance Facilitator have facilitated an Executive Vote into the voting system, which in turn will enable the community to approve of several alterations to the Protocol.
A continuous approval vote is one in which the numbers of votes will surpass the total in favor of the executive vote.
Currently, the continuous approval vote is to “Raise the Dai ETH Debt ceiling by 20 million to 140 million Dai.”
The changes in the Protocol were discussed during the Governance call made on Thursday, June 4, 2020. The community were advised to review the Video, Audio, and the online discussion to inform your position before voting.
The MakerDAO community is moving forward with an Executive Vote to determine if they will enact the changes established by the previous Governance Polls.
A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5
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