What is the role of MakerDAO Treasury in the cryptocurrency ecosystem?

1 answers

• Dec 19, 2021 · 3 years ago
  The MakerDAO Treasury is an essential part of the MakerDAO platform, serving as a reserve of assets that back the DAI stablecoin. It acts as a safeguard against market fluctuations, ensuring that DAI maintains its peg to the US dollar. The Treasury also plays a critical role in funding the development and expansion of the MakerDAO ecosystem. It provides resources for research, partnerships, and community initiatives that contribute to the overall growth of the platform. By maintaining a robust Treasury, MakerDAO can continue to innovate and provide a stable and reliable stablecoin for the DeFi community.
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