BlackRock USD Institutional Digital Liquidity Fund (BUIDL) vs Dai (DAI)

MakerDAO is an emblematic project of decentralized finance (DeFi) on Ethereum. The protocol is designed to issue and manage DAI, a decentralized stablecoin pegged to the US dollar. This is done through a combination of mechanisms, including a system that allows users to deposit collateral assets in order to borrow a certain amount of DAI. MakerDAO also has MKR, a governance token used to vote on various aspects of the protocol, including risk management strategies or the tokens accepted as collateral.