Glossary Term Definition
The governance and utility token of the MakerDAO protocol, granting holders voting rights over protocol parameters such as collateral types, stability fees, and risk policies for DAI. It also serves as the recapitalization asset: new tokens are minted and sold to cover protocol shortfalls.
Glossary Term
The governance and utility token of the MakerDAO protocol, granting holders voting rights over protocol parameters such as collateral types, stability fees, and risk policies for DAI. It also serves as the recapitalization asset: new tokens are minted and sold to cover protocol shortfalls.