[DRAFT] DAI, (M)CDP and MarkerDAOs white paper break down.
created: Tue May 01 2018
For the longest time i've wanted to learn about MakerDAO and their underlying 'DAI' currency. I've wanted to really understand the CDP that is the underlying mechanism for pegging the DAI to the USD 1:1.
I'm probably late to the party in understanding how CDPs and DAI works, but i've created this, hoping that it'll explain the, in my opinion, rather complicated nature of the DAI system.
MarkDAO #
MakerDAO is the underlying organization