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May 13, 2022 | DAO

Maker is a DeFi lending and borrowing protocol that has users lock up their cryptocurrency as collateral in a Maker vault and mint DAI against it. Assets remain locked in the vault until their DAI loan is repaid. Investors fleeing Terra drove up the MakerDAO governance token, MKR, 30% as investors bet on its DAI stablecoin instead.

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