Maha, referred to as MahaDAO, is a decentralised finance (DeFi) project aiming to create a stablecoin ecosystem on the Ethereum blockchain. The platform utilises the MAHA token as a governance and utility token, enabling community-driven decision-making and integration with various DeFi protocols .
MahaDAO operates on the Ethereum Virtual Machine (EVM) and employs a proof-of-stake consensus mechanism. It features MahaChain, an EVM fork designed for interoperability with other blockchains like Ethereum and Binance Smart Chain. The system employs smart contracts to implement economic policies, ensuring the ARTH, Maha's stablecoin, remains collateralised and maintains its buying power .
MahaDAO was founded by Steven Enamakel with a vision of creating a stablecoin to integrate with DeFi projects. Initially launched with the ARTH stablecoin, the project has since expanded and rebranded as MAHA.xyz. Throughout its development, MahaDAO has focused on community-driven governance, DeFi integration, and maintaining a dynamic market presence .