# MakerDAO: Deconstructing the Oracle Stack – Niklas Kunkel

- Speakers: [Niklas Kunkel](https://streameth.org/speakers/niklas-kunkel-2)
- Channel: [Ethereum Denver](https://streameth.org/ethereum-denver)
- Date: 2020-10-09
- Duration: 31:13
- Topics: Nik Kunkel, Maker DAO, ETHDenver, Ethereum, Cryptocurrency, Crypto, Blockchain, Blockchain technology, Bitcoin, Decentralized finance, DeFi, Token engineering, Hackathon, Smart Contracts, Decentralization, Privacy, Identity, Token Economics, Crypto Education, Blockchain Education, ETHDenver BUIDLathon, ETHDenver hackathon, Ethereum Denver, ETHDenver 2020, Ethereum hackathon, Ethereum Denver hackathon, #BeABufficorn, #imapegabufficorn, Web3, MakerDAO: Deconstructing the Oracle Stack, Science & Technology
- Watch: https://streameth.org/watch/yt-lpPfqj88hho
- YouTube: https://www.youtube.com/watch?v=lpPfqj88hho

## Description

This talk is from ETHDenver, the world’s largest Web3 BUIDLathon and Community Gathering. ETHDenver’s content is crypto and blockchain focused. 

Subscribe to our channel to learn more + connect on Twitter: https://twitter.com/EthereumDenver. 

Speaker: Nik Kunkel of Maker DAO

Abstract: MakerDAO's Oracles currently support over $700M of value locked in DeFi. But how do they work, and why should we rely on them? Are they decentralized? Beginning with a technical deep-dive into the Oracle stack used in Multi-Collateral Dai, we'll deconstruct the problems encountered along the way, and their subsequent solutions. Looking to the future, we'll examine the role of Maker Governance in shaping Maker's decentralized Oracle stack.

This talk was recorded Friday, February 14, 2020.

ETHDenver 2020’s content themes included DeFi; DAOs and Token Engineering (TE); Gaming and Usability; Protocols and Interoperability; and Public Good and Social Impact. 

Industry experts also weighed in on topics like decentralization, privacy, identity, non-fungible tokens, scaling, governance, diversity, and arts and culture in blockchain technology.

The 2020 event was February 14-16 in Denver, Colorado and hosted 2000+ blockchain enthusiasts, developers and community members from 50 countries and 50 U.S. states.

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