Maker is a fascinating protocol that serves as essential infrastructure for much of today's DeFi ecosystem.
Not only does it enable lending, borrowing, betting, investing and other crypto applications that require access to stablecoins, it has also proven to be resilient to market shocks and regulatory issues since it launched in 2017.
If that wasn't enough, the protocol is also growing at record pace, and is churning out over $375,000 of profit each day, for an annual profit run-rate of $137M.
In this article I will share why I think Maker is such an interesting asset, but first a high level explainer of the protocol is in order. There are a number of important concepts to understand about the Maker system...