Maker Protocol (MakerDAO)
The Maker Protocol lets users use approved assets as collateral to borrow DAI, a stablecoin, which they can then use for various purposes.
More terms under M
- MainchainA mainchain is the primary blockchain where all transactions take place and are confirmed.
- MainnetA mainnet is a fully developed blockchain that operates on its own, using its own technology and rules.
- Mainnet SwapA mainnet swap is when a cryptocurrency project moves from one blockchain to another, usually to its own dedicated blockchain.
- MalwareMalware is harmful software that bad actors use to illegally access or damage computers, networks, or servers.
- Man-in-the-Middle Attack (MITM)A man-in-the-middle attack (MITM) is a type of cyberattack where someone secretly intercepts and listens in on a conversation between two people, often to…
- Margin CallA margin call happens when the value of an investor's account drops too low, requiring them to add more money or sell assets to maintain their borrowing level.
Educational definition. Protocol rules and market conventions can differ; check an asset's official documentation.