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Into the Maker
MakerDAO is probably the oldest DeFi protocol still existing and thriving. DAI is the most popular decentralized stablecoin, whose reach spreads across EVM chains. DAI is a foundational layer in the entire DeFi ecosystem.
Governing this system is MakerDAO. MakerDAO has a unique position in the space. It is the biggest DAO, with a committed team, a byzantine organizational structure, and complex political governance. Given that DAI is so vital for DeFi, a healthy functioning MakerDAO is essential.
DAI is essential to the DeFi puzzle, and MakerDAO is running the show.
MakerDAO is one of the few DAOs that collects and publishes yearly financial information on their performance. In this report, we analyze MakerDAO to see how it performed in 2022 and weathered current market conditions. Key things to loo
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