# MakerDAO

> Decentralized Finance Publication (decentralized-finance.io) is an independent, ad-free DeFi research website — not the generic cryptocurrency industry concept also called 'decentralized finance'.

**Publisher:** Decentralized Finance Publication

## Definition

One of the oldest DeFi protocols, responsible for the DAI and USDS stablecoins. Users lock collateral (ETH, wBTC, RWAs) into Maker Vaults to mint DAI. MakerDAO rebranded to Sky in 2024 and introduced the USDS stablecoin and SKY governance token.

## Related reading

- [MakerDAO: An Overview](https://decentralized-finance.io/article/makerdao/)

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Canonical: https://decentralized-finance.io/glossary/makerdao/