Making Maker: June 2019

June 28, 2019

June ended with early fireworks for the MCD-anxious: Critical milestones and collateral types have been revealed! Also, the latest Dai In Numbers report, Governance updates, new partnerships and integrations, and more. But first, let’s take a look at the most current statistics from

  • 1,499,467 ETH locked up
  • 1.4056% of the entire ETH supply is locked up in Maker smart contracts
  • 87,620,969 total Dai supply

Multi-Collateral Dai: Collateral Types

The MCD collateral types that MKR voters can select to evaluate first are out of the bag! After you celebrate that announcement, remember to also review the list of critical milestones that must be achieved before MCD goes live. Finally, if you hold MKR tokens, know that during the week of July 29, the Maker Foundation will ask you to participate in a poll to prioritize the order in which the first assets could be entered into the governance system as proposals for review and possible ratification by MKR token holders. We need you to be engaged now more than ever!

The seven initial MCD collateral types.

Dai In Numbers: Momentum Report

Dai continues to propagate through the Ethereum ecosystem at a rapid pace. Since our first Dai in Numbers report back in February, the Dai economy has grown in activity and diversity. As Ethereum developers add new Dai integrations regularly, and more users onboard to blockchain technology, major Dai use cases gain visibility.  

Understanding the Dai User: Insights into Adoption 

We recently decided to gain more insight into Dai users. Not only that, we’ve also published our findings. By learning why people use Dai, including their motivations and goals, we and UX teams at organizations choosing to integrate Dai can respond to any hurdles by crafting user experiences that solve problems, produce desired results, and inspire trust. 

Coinsource Is Updating its ATMs to Support Dai

People will soon be able to use Coinsource ATMs and Dai to send cash from wallet to wallet.  

Governance Updates

A series of Governance Polls and Executive Votes this month resulted in an overall stability fee decrease to 16.5%, down 1% from 17.5% at the end of May. The fee changes were driven by numerous factors.

Here’s the polling and voting history:

To stay current on Governance, Risk, and Community issues, bookmark the MakerDAO Public Events Calendar. Newcomers to Maker might want to review our series of posts on the MakerDAO Governance Risk Framework.

Community Highlights:

Maker Community members are doing amazing things! David Utrobin, our fearless core community lead, dished it out in this tweet thread early in the month. Take a look. 

Collaboration and Partnership Highlights

Game On: Maker and Axie Infinity Partner. In the Axie universe, gamers can now receive Dai-themed NFTs for opening CDPs. This is a great collaboration!

Learn Dai and Earn Dai. DAI is the first stablecoin to be made available through Coinbase Earn. Customers across the globe can now earn DAI by watching video lessons and completing quizzes about our stablecoin and its features.

Using Only Dai as its Currency, PoolTogether Launches. A no-loss lottery that aims to create financial security by offering a healthy alternative to the standard numbers games, PoolTogether is causing great excitement in the crypto space. Watch the video below to see what its creators had to say when they joined the Maker Community Call on June 25.

MyEtherWallet Enters DeFi Waters. MEW users can now generate DAI directly through a CDP portal in the platform interface. 

June Events Recap

All Event Roads Lead to Dai Adoption! Discover all we’ve done so far to get people to fall in love with Dai at global events.

Lasse Birk-Olesen, our Head of Integration, spoke with BitcoinMagazineNL at Money20/20Europe. Watch the interview:

Reminder: If you’re organizing a small event that incorporates Maker or Dai—whether it's a meetup, panel, talk, workshop, or all of the above— we want to support you! Learn more about our global meetups and micro-grants initiative

The Latest Dai Integrations

EYES Protocol has adopted Dai into its ecosystem to protect its users from price volatility! Users can now swap between EYES and Dai. 

Dai is now integrated for tipping on Publish0x, a popular crypto-powered blogging platform. 

The Maker Foundation Is Hiring!

The Maker Foundation is looking for awesome people to join our growing, hard-working, and overall badass team. Check out our open roles and reach out if you’re interested!

Learn more about MakerDAO:





June 28, 2019