The Maker Protocol, also known as the Multi-Collateral Dai (MCD) system, operates under the governance of the MakerDAO community, enabling the creation of Dai, a decentralised, unbiased, collateral-backed cryptocurrency soft-pegged to the US Dollar. Dai aims to offer economic freedom and opportunity with its low volatility, ensuring it is resistant to hyperinflation. This system is built on the Ethereum blockchain and was introduced to solve the volatility issues associated with traditional cryptocurrencies, making it ideal as a medium of exchange. Managed by holders of the MKR governance token through a process of scientific governance, the protocol allows for executive voting and governance polling to manage financial risks and ensure the stability, transparency, and efficiency of Dai. MakerDAO’s commitment to decentralisation and its pioneering role in the decentralised finance (DeFi) space mark it as a critical infrastructure for the burgeoning digital economy.