Maker (MKR)

Tier List of Crypto Rebrands:

S Tier: Maker → Sky, BitDAO → Mantle

A Tier: MATIC → POL, dYdX → Arcus

B Tier: Fantom → Sonic, Fetch → ASI, Klaytn → Kaia

C Tier: Ton → Gram, Elrond → MultiversX

D Tier: EOS → Vaulta, MicroStrategy → Strategy

Agree?

What is a DAO? Let’s discuss.

A DAO (Decentralized Autonomous Organization) is an organization that operates through blockchain-based smart contracts rather than being controlled by a central authority, CEO, or board of directors.

Think of it as an internet organization where members collectively make decisions using governance tokens.

Instead of executives deciding what happens, token holders vote on proposals and approved decisions can be executed automatically by smart contracts. Got it?

How a DAO Works:

📌 Smart contracts define the rules.
📌 Members hold governance tokens.
📌 Proposals are submitted.
📌 Members vote on proposals.
📌 Approved proposals are executed on-chain.

Examples of DAOs:

🪐 MakerDAO
🪐 Arbitrum DAO
🪐 Uniswap DAO

How DAOs Started:

DAO started in 2016 with a project called The DAO on the Ethereum blockchain.

The DAO was designed as a decentralized venture capital fund:

📌 People contributed ETH.
📌 They received DAO tokens.
📌 Token holders voted on which projects should receive fun