MakerDAO Continues Asia Expansion via ShuttleOne

Zhuang
ShuttleOne
Published in
3 min readNov 10, 2019

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Over the past two years, MakerDAO has made unprecedented advances and began to tackle some of the world’s most challenging monetary issues. Programmed with novel yet familiar mechanisms via cryptography and economics, MakerDAO seeks to secure the financial futures of humanity through what is now known as decentralized finance.

It is well known that most if not all fiat currencies lose value over the course of time and the loss of value and recognition causes widespread havoc and disruption in our lives. The age of programmable money in a digital world can bring about massive improvements and uplift lives in places that were once inaccessible through traditional financial services and tools.

ShuttleOne is an integrated fintech blockchain platform that delivers the experience of remittance, loans and provides for a virtual savings account to our ecosystem of partners and users in Southeast Asia. We leverage the efficiencies of the blockchain and stablecoins to deliver digital financial services that achieves higher efficiency, lower cost for our clients and ecosystem.

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Dai is designed as an overcollateralized ecosystem where the value of the stablecoin Dai is over collateralized by 150% of assets. Currently, all the…

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