MakerDAO is a very important project to watch in the crypto-space. Currently we see demand for stable tokens based on the fact that Steem Dollars are currently going for $10+. MakerDAO is a decentralized method of generating a stable token so that the value stored in the token never goes below a certain threshold guaranteed by mechanism design. The stable token for example should always be worth more than $1 each, which would allow a person to store their wealth in these stable tokens instead of scams like Tether which do not have a decentralized mechanism that I know of for guaranteeing the value is aways at least 1:1.
What is DAI?
DAI is the decentralized stablecoin produced by MakerDAO. DAI is actually days away from being launched and in my opinion this is big news. Once it hits exchanges there will be an alternative to Steem Dollars for a store of value. At the same time DAI is untested and we do not yet know how well it will work.