Others now have access to MakerDAO, a decentralised finance (DeFi) technology. "The DAO is now self-sufficient, and the Maker Foundation has fulfilled its bootstrapping tasks," says CEO Rune Christensen. As it began to wind down in May, Maker Foundation handed MakerDAO 84,000 MKR tokens, valued at $480 million at the time. For a long time, the announcement had been anticipated. DAI has risen to become the fourth-largest stablecoin in terms of market capitalization since its inception.