MakerDAO is one of the first and largest decentralized lending protocols, often tagged as the central bank of crypto. It also issues the $6 billion stablecoin, DAI, whose value is backed by some $8 billion assets in its reserve. The protocol is governed by a decentralized autonomous organization (DAO), where contributors manage the platform and discuss decision-making proposals in a forum, and owners of the platform’s governance token, maker (MKR), vote to approve or reject each proposal.
Some Square Users Can Now Convert Their Dollars to Bitcoin Via Cash App
The tool, called Bitcoin Conversions, will set eligible Square users up with a dedicated Cash App account programmed to receive...