The r-2r ladder DAC is a type of digital-to-analog converter that utilizes a resistor ladder network to convert digital binary values into analog voltage levels. This design features a repeating pattern of two resistor values, 'R' and '2R', which simplifies the circuit and makes it easier to implement in various applications. The r-2r ladder DAC is known for its simplicity, accuracy, and scalability, making it a popular choice for converting digital signals in electronic devices.