By contrast, Maker is completely transparent about development of its blockchain project. For example, you can find over two years of semi-weekly meeting recordings on the MakerDAO SoundCloud page.
MakerDAO creates DAI using CDP smart contracts to collateralize the assets. This means it’s backed by ETH instead of fiat currency, and the CDPs ensure there’s always enough ETH assets on hand to cover the DAI supply. Essentially, CDP contracts hold ETH, and if a black swan event occurs, such as ETH crashing before anyone has a chance to react, MKR is liquidated on the open market to cover the losses.
Maker is also working hard throughout 2018 on crypto partnerships. It partnered with OmiseGO, Digix, Request Network, Tradeshift, and CargoX. The more partners Maker gathers, the more viable its stablecoin becomes.