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MakerDAO vs Trust Wallet

MakerDAO logo

MakerDAO

Software

The decentralized stablecoin protocol

From
Free
Rated
-
Full reviewWebsite
Trust Wallet logo

Trust Wallet

Software

The most trusted & secure crypto wallet

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; Trust Wallet free self custody wallet with no vendor subscription, so any costs come from third party exchange or DeFi protocol fees rather than the app itself
  • They diverge on capability: MakerDAO covers DAI Stablecoin, Trust Wallet covers Multi-chain Support.

Where they differ

Only the attributes on which MakerDAO and Trust Wallet actually diverge.

Attributes where MakerDAO and Trust Wallet differ
AttributeMakerDAOTrust Wallet
PlatformsWebIos, Android, Chrome
Founded20152017

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 Trust Wallet

  • Multi-chain Support
  • dApp Browser
  • Staking
  • NFT Gallery
  • Token Swaps
  • 100+ blockchains
  • WalletConnect
  • Ios support

What people use each for

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

MakerDAO

  • Definot Trust Wallet
  • Stablecoinnot Trust Wallet
  • Lendingnot Trust Wallet

Trust Wallet

  • Walletsnot MakerDAO
  • Mobilenot MakerDAO
  • Multi Chainnot 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

Trust Wallet

  • Free self custody wallet with no vendor subscription, so any costs come from third party exchange or DeFi protocol fees rather than the app itself

Pricing, plan by plan

MakerDAO

Free
  • FreeFree
    • DAI minting
    • Vaults
    • Governance

Trust Wallet

Free
  • FreeFree
    • Multi-chain wallet
    • dApp browser
    • Staking

Which should you pick?

Choose MakerDAO if

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

Choose Trust Wallet if

  • You need multi-chain support.
  • You want to start without paying.
  • You work on Ios, Android, Chrome.
  • You also want dapp browser.
Trust Wallet review

Questions people ask

Is MakerDAO or Trust Wallet better?
Neither clearly leads. MakerDAO starts at Free and Trust Wallet at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, MakerDAO or Trust Wallet?
MakerDAO starts at Free and Trust Wallet at Free.
Does MakerDAO or Trust Wallet run on more platforms?
MakerDAO runs on Web. Trust Wallet runs on Ios, Android, Chrome.
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 Trust Wallet is typically brought in for.
What can MakerDAO do that Trust Wallet cannot?
MakerDAO covers DAI Stablecoin, Vaults, Stability Fees, Liquidations. Trust Wallet covers Multi-chain Support, dApp Browser, Staking, NFT Gallery.
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