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.
Founder, Author, Adjunct Professor, Futurist
Michael is the founder of Toolhacker LLC, an innovation speaker and adjunct professor at the University of San Francisco, futurist, and author of “Ubertrends — How Trends And Innovation Are Transforming Our Future.” He is also the founder of four ahead-of-the-wave startups, including MacWEEK, Atelier Systems, CyberAtlas, and ICONOCAST.