MakerDAO: Rumble Fish Software Development eCommerce Development project at Qualified.One

MakerDAO by Rumble Fish Software Development

Some details

Collaboration timeframe: April 2017 - February 2019

Technology: React, Redux, Ethereum Blockchain, Cypress

Services: frontend development (dapps)


MakerDAO is the company behind DAI, the first truly decentralized stablecoin cryptocurrency

on the Ethereum blockchain. Before developing DAI, MakerDAO operated a cryptocurrency

exchange,

OasisDex. Since it was developed using the Meteor framework, our client found it

challenging to scale and maintain it. MakerDAO was looking for a team of skilled frontend

developers who would rewrite the platform using a modern technology stack and help to

maintain it in top shape.


Solution

To help MakerDAO improve their exchange platform, we augmented their development team

with a team of two skilled frontend developers. Our engineers were responsible for carrying

out development work on the platform, as well as some lesser-known components of the

MakerDAO ecosystem: Oasis Direct and Eth2Dai.


Technology

Our team worked on Oasis, Oasis Direct, and Eth2Dai components which are responsible

for exchanging DAI, ETH, and MKR assets. That exchange is powered by the on-chain order

book which keeps the entire state of the exchange. To add an offer, users have to complete

transactions on the Ethereum blockchain.

The frontend components are true-dapps, they only show the state of the blockchain and

don’t rely on any centralized backend components. This feature makes Oasis markets

unique on the cryptocurrency scene.


Contrary to standard systems, Oasis doesn’t have a backend component and private

database. All the data is stored on a public blockchain which serves as the single source of

truth. Since there’s no private central component, Oasis has a truly decentralized

architecture.


Results

● Development of the exchange platform and the surrounding components

● Successful long-term cooperation

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