I have written a couple post on the MakerDao, a credit facility on the Ethereum Blockchain. But now I have a question for those economists out there on the Steem Blockchain.
Given the way it functions A:
MakerDAO is basically a credit facility that issues loans with a certain interest rate called the stability fee against a collateral called Ethereum. The loans are paid to borrowers in Dai. The MakerDao issues new Dai to fund each loan. It is like a count…
