• The Maker Protocol is a smart contract platform on Ethereum that backs and stabilizes the value of the Dai stablecoin through a dynamic system of Vaults, autonomous feedback mechanisms, and appropriately incentivized external actors. It is a decentralized infrastructure without a central operator. It is one of the oldest Ethereum projects built by a very experienced technical team of blockchain developers.
• The Maker Foundation is tasked with bootstrapping the system to ensure that it can survive as a fully decentralized organization. The Maker Foundation employs people to develop the strategies and manage the tasks required to build enough momentum so that the DAI Credit System can successfully thrive on its own. Per the Foundation Proposal, decentralization is a top priority and is ongoing.
