Skip to main content
Sign In
Tech

How MakerDAO Works: A Video Explainer

An illustrated guide to the decentralized finance (DeFi) lending platform MakerDAO and its tokens, MKR and DAI.

By Bailey Reutzel, Christine Kim, Brady Dale
Updated Published
1 min read
Make preferred on
Share this article
makerdao

An illustrated guide to the decentralized finance (DeFi) lending platform MakerDAO and its tokens, MKR and DAI. Got questions about fluctuating interest rates and collateralization? We've got you covered.

Here's how Maker works:

Read more: What Is Yield Farming? The Rocket Fuel of DeFi, Explained

ExchangesEthereum NewsLendingTokensStablecoinsMakerDAOMKRDAIDecentralized FinanceDeFiExplainers
Latest Crypto News
  1. 1
    U.S. Clarity Act failure gives Asia and Middle East a competitive edge, says Apex Group CEO
  2. 2
    Franklin Templeton adds $150 million in fund shares to XRP Ledger, all in one wallet
  3. 3
    Robinhood sees surge in bitcoin, gold prediction markets as traders move beyond sports
  4. 4
    Bitcoin Core changes security rules as AI makes finding code bugs dangerously easy
  5. 5
    Bitcoin's price is as jumpy as Nvidia's and eight times more turbulent than the euro
  6. 6
    Live updates: Bitcoin holds above $81,000 as oil prices hit six-month high
  7. 7
    Bitcoin steadies near $81,700 as altcoins rebound, pepe climbs 13%
  8. 8
    Bitcoin appears to have decoupled from midterm cycle bottom history
  9. 9
    HSBC rolls out its first stablecoin to over 3 million everyday app users
  10. 10
    Sweden’s central bank revives e-krona debate as stablecoins and digital euro loom
Latest Research
RealFi 169 Image

Beyond the Risk-Free Rate: Diversified Real World Yield in Productive Stablecoins

By CoinDesk Research
Sep 24, 2026
Commissioned byRealFi

Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.

Why it matters:

Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.

View Full Report