2023-02-10
MakerDAO, a DeFi platform and a creator of Dai, a decentralized
stablecoin, revenue decreased in 2022. MakerDAO’s 2022 total revenue was $65
million, decreased 42% from 2021. In 2021 MakerDAO’s total revenue was $112
million. Decline in earnings were the result from crypto winter. Cryptocurrency
market faced downturn in 2022 due to UST algorithmic stablecoin collapse and
FTX the second largest crypto exchange went bankrupt.
MakerDAO Still Has Long-Term Perspective
MakerDAO is partner with Chainlink. It will use Chainlink Automation
to run tasks including price update, liquidity balancing to enhance stability for
DAI. MakerDAO is one of the largest DeFi platforms. It has $7 billion in
assets. DAI stablecoins are value at $5 billion.
