DeFi 101: Explaining DAOs

1

Uniswap

Uniswap is a successful web3 based decentralized exchange serving the Ethereum blockchain. Holding the UNI token gives individual people the right to vote on the operations of the protocol, creating a system of community driven stewardship. The process of voting on and enacting governance proposals is a unique 3 step process outlined as the following on the Uniswap website:.

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2

Maker (MKR)

MakerDAO is a decentralized financial system that supports the Dai currency, a popular stablecoin. Additionally, MakerDAO seeks to assist in the adoption of digital currency into real world applications, such as incorporating Dai into brick-and-mortar businesses.

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