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MakerDAO vs MetaMask

MakerDAO logo

MakerDAO

Software

The decentralized stablecoin protocol

From
Free
Rated
-
Full reviewWebsite
MetaMask logo

MetaMask

Software

The crypto wallet for DeFi, Web3 dApps and NFTs

From
Free
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: MakerDAO makerDAO is governed as a decentralized autonomous organization by MKR token holder vote rather than a vendor, so it has no company-set price list, subscription tiers or sales contact; access and fees (stability fee, liquidation ratio) are set by on-chain governance vote rather than published as a product price; MetaMask metaMask's source code is publicly viewable on GitHub but is covered by a proprietary ConsenSys license that prohibits redistribution, modification, merging, or reverse engineering; it is not open source
  • They diverge on capability: MakerDAO covers DAI Stablecoin, MetaMask covers Wallet Management.

Where they differ

Only the attributes on which MakerDAO and MetaMask actually diverge.

Attributes where MakerDAO and MetaMask differ
AttributeMakerDAOMetaMask
PlatformsWebWeb, Ios, Android, Chrome, Firefox
Founded20152016

Identical on both: starting price (Free), pricing model (free), free tier (Yes), user rating (Not yet rated), category (Unknown).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in MakerDAO

  • DAI Stablecoin
  • Vaults
  • Stability Fees
  • Liquidations
  • Governance
  • MKR Token
  • DAI
  • Spark Protocol

Only in MetaMask

  • Wallet Management
  • Token Swaps
  • Bridge
  • dApp Browser
  • Portfolio View
  • Ethereum
  • EVM chains
  • Hardware wallets

Both cover

  • Web support

What people use each for

The jobs each tool is most often brought in to do.

MakerDAO

  • Definot MetaMask
  • Stablecoinnot MetaMask
  • Lendingnot MetaMask

MetaMask

  • Walletsnot MakerDAO
  • Web3not MakerDAO
  • Browser Extensionnot MakerDAO

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

MakerDAO

  • MakerDAO is governed as a decentralized autonomous organization by MKR token holder vote rather than a vendor, so it has no company-set price list, subscription tiers or sales contact; access and fees (stability fee, liquidation ratio) are set by on-chain governance vote rather than published as a product price

MetaMask

  • MetaMask's source code is publicly viewable on GitHub but is covered by a proprietary ConsenSys license that prohibits redistribution, modification, merging, or reverse engineering; it is not open source

Pricing, plan by plan

MakerDAO

Free
  • FreeFree
    • DAI minting
    • Vaults
    • Governance

MetaMask

Free
  • FreeFree
    • Wallet
    • Swaps
    • Bridge

Which should you pick?

Choose MakerDAO if

  • You need dai stablecoin.
  • You want to start without paying.
  • You also want vaults.
MakerDAO review

Choose MetaMask if

  • You need wallet management.
  • You want to start without paying.
  • You work on Web, Ios, Android, Chrome, Firefox.
  • You also want token swaps.
MetaMask review

Questions people ask

Is MakerDAO or MetaMask better?
Neither clearly leads. MakerDAO starts at Free and MetaMask at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, MakerDAO or MetaMask?
MakerDAO starts at Free and MetaMask at Free.
Does MakerDAO or MetaMask run on more platforms?
MakerDAO runs on Web. MetaMask runs on Web, Ios, Android, Chrome, Firefox.
Can I use MakerDAO for free?
Both have a free tier, so you can try either at no cost before committing.
What is MakerDAO best used for?
MakerDAO is most often used for defi, stablecoin, lending. Of those, defi and stablecoin are not what MetaMask is typically brought in for.
What can MakerDAO do that MetaMask cannot?
MakerDAO covers DAI Stablecoin, Vaults, Stability Fees, Liquidations. MetaMask covers Wallet Management, Token Swaps, Bridge, dApp Browser. Both handle Web support.
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