12 Dec 2018
Target Price: $259.65 (-19% downside) Website
MakerDAO (Decentralized Autonomous Organization) is headquartered in California and was established in 2015. The main vision is to minimise asset volatility through the creation of its stable coin, DAI, allowing anyone equal access to financial services that includes loan offerings. DAI can only be issued through a Collateralised Debt Position (CDP), where ETH is locked up as collateral via a smart contract, in return for a stability fee. In short, a user could collateralise an asset to borrow in DAI.