This article was first published on Stories by MakerDAO on Medium
The MakerDAO project aims to unlock the power of the blockchain for everyone by creating an inclusive platform for economic empowerment — allowing equal access to the global financial marketplace. A fantastic way to bring this to life is to showcase Dai use cases from community members and partners.
Contributed article by Meridio
One of the most rewarding aspects of the Ethereum ecosystem is how collaborative projects are in the space. After all, these different projects and companies are deploying code to the same world computer. At Meridio, we are particularly fond of our collaboration with the Maker team. We integrated their DAI stablecoin into our platform early last summer in order to solve one of our most pronounced early challenges: investor apprehension to the volatility of Ether and Bitcoin. Now, investors on Meridio can seamlessly trade real estate shares for Dai, which allows a near-perfect approximation to the US Dollar while still gaining the benefits and efficiencies of smart contracts.
Why Meridio needed a Stablecoin
When Meridio’s co-founders Mo and Corbin began showing real estate investors our alpha product in early 2018, investors loved the idea of owning and trading fractional shares of real estate, but they shied away from using Ether or Bitcoin to transact due to the price volatility. Investors simply aren’t comfortable risking 5–10% of their investment each time they purchased or traded shares. Rather than reverting to traditional off-chain payment methods such as wire transfers, we began researching different stablecoins to use instead. A stablecoin allows for the benefits of smart contracts, including trustless trades and nearly instant settlement time, without the volatility of cryptocurrencies. We explored several stablecoin options, but ultimately chose to start with Dai due to the volume of user adoption, ease of implementation, and decentralized price control methodology.
How Meridio uses Dai
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Stories by MakerDAO on Medium