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MakerDAO vs WorldRemit

MakerDAO logo

MakerDAO

Software

The decentralized stablecoin protocol

From
Free
Rated
-
Full reviewWebsite
WorldRemit logo

WorldRemit

Software

Send money online to 150 countries

From
On request
Rated
-
Full reviewWebsite

The short version

  • Only MakerDAO has a free tier, so it costs nothing to try first.
  • 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; WorldRemit no transfer fee, exchange rate margin or sending limit is published on the site; rates and limits are shown only after choosing a destination country and receive method
  • They diverge on capability: MakerDAO covers DAI Stablecoin, WorldRemit covers International transfers.

Where they differ

Only the attributes on which MakerDAO and WorldRemit actually diverge.

Attributes where MakerDAO and WorldRemit differ
AttributeMakerDAOWorldRemit
Starting priceFreeOn request
Pricing modelfreetransaction
Free tierYesNo
PlatformsWebWeb, IOS, Android
Founded20152010

Identical on both: 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 WorldRemit

  • International transfers
  • Multiple delivery methods
  • Send to 150+ countries
  • Cash pickup option
  • Bank accounts
  • Cards
  • IOS support
  • Android support

Both cover

  • Web support

What people use each for

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

MakerDAO

  • Definot WorldRemit
  • Stablecoinnot WorldRemit
  • Lendingnot WorldRemit

WorldRemit

  • Sending remittances from developed markets to 130 or more receiving countriesnot MakerDAO
  • Paying out to mobile money, cash pickup and bank accounts abroadnot 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

WorldRemit

  • No transfer fee, exchange rate margin or sending limit is published on the site; rates and limits are shown only after choosing a destination country and receive method
  • The amount that can be sent depends on the destination country and receive method rather than a single published cap

Pricing, plan by plan

MakerDAO

Free
  • FreeFree
    • DAI minting
    • Vaults
    • Governance

WorldRemit

On request
  • Standard Transfer$undefined/month
    • Multiple payment methods
    • Competitive rates
  • Express Transfer$undefined/month
    • Faster delivery
    • Higher costs

Which should you pick?

Choose MakerDAO if

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

Choose WorldRemit if

  • You need international transfers.
  • You work on Web, IOS, Android.
  • You also want multiple delivery methods.
WorldRemit review

Questions people ask

Is MakerDAO or WorldRemit better?
Neither clearly leads. MakerDAO starts at Free and WorldRemit at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, MakerDAO or WorldRemit?
MakerDAO has a free tier; the other does not. Paid plans start at Free for MakerDAO and On request for WorldRemit.
Does MakerDAO or WorldRemit run on more platforms?
MakerDAO runs on Web. WorldRemit runs on Web, IOS, Android.
Can I use MakerDAO for free?
Yes. MakerDAO has a free tier, so you can try it without paying. WorldRemit starts at On request.
What is MakerDAO best used for?
MakerDAO is most often used for defi, stablecoin, lending. Of those, defi and stablecoin are not what WorldRemit is typically brought in for.
What can MakerDAO do that WorldRemit cannot?
MakerDAO covers DAI Stablecoin, Vaults, Stability Fees, Liquidations. WorldRemit covers International transfers, Multiple delivery methods, Send to 150+ countries, Cash pickup option. Both handle Web support.
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Related pages

More on MakerDAO

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