Maker DAO (MKR) News, Price Predictions, Opinions and Analyses Created by Users

Maker DAO (MKR)

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The Maker (MKR) and DAI tokens together form the dual-coin MakerDAO stablecoin ecosystem, which was launched in 2018, though the idea was developed in 2015. Even with its relative recency, the MKR and DAI stablecoin token have gone on to gather much support among crypto investors for its non-custodial solutions to stablecoins.

While the DAI stablecoin is the actual stablecoin that is pegged on a 1:1 ratio with the US Dollar, the MKR token is perhaps the more significant token of the two, being a utility token that is used for governance on the platform. 

One of the key differences between MakerDAO and other stablecoins is that MakerDAO is non-custodial. While other tokens may choose to make their stablecoins irredeemable for whatever reason, Maker’s DAI token operates on Collateralized Debt Positions or CDPs. Users deposit a certain amount of Ether for which they receive a portion of the DAI token. The stability of the DAI maintained through the MKR token, in addition to its role as a governance tool.

The unique stablecoin system has made MakerDAO a popular token despite its relative newness. The project has no roadmap. 

With tokens like Tether receiving much criticism for its operations, and with stablecoins increasingly becoming a trend in 2019, the MakerDAO ecosystem has a chance to perform well, being a non-custodial solution to volatility in the market.

In this tag, read MakerDAO (MKR) news, price predictions, opinions and analyses created by users.

Reading to coffee #6

13 Jan 2021 1 minute read 2 comments andrej

Welcome to sixth episode of reading to coffee.  Today topic is: INTERNET   1. Every day there is send more than 300 billions of e-mails. About 97% of them are spam. 2.  Internet is 11630 days old (today 13.1.2020) 3. YouTube upload to internet ever...

The DAO Maker: The powerful platform for social mining, fundraising, marketing and venturing with decentralized enterprises and retail investors while promoting social responsibility for the stronger bond of community and project owners.

12 Jan 2021 7 minute read 3 comments Mr. Decentralized

Good morning to everyone here on Steemit! Today, what I will talk about is "Not your typical crypto ICO project" or "Typical crypto imaginary product innovation" and not delivering what it's supposed to do. Trust me guys, I did research and read the...

DeFi: Ampleforth, Maker a great performance

10 Jan 2021 1 minute read 0 comments Gamma

  After the boom of the last few months, the decentralized finance tokens (DeFi) are now stagnating and the total value of the dollar locked in the DeFi protocol has not stopped growing for more than 10 days. In terms of Total Stranded Value (TVL), o...

Daily Bitcoin Analysis #3 (2021-01-10)

10 Jan 2021 1 minute read 1 comment Sebbe_727

So much hasn't changed in the last 24 hours in the "bitcoin market"... remember that the market is always a psychological game. Can this be an indication of a more bearish run? 24-hour chart analysis  If we look at the chart we see a support and resi...

Top 5 Cryptocurrency Movers for January 9, 2021

10 Jan 2021 2 minute read 1 comment JakeB

Welcome to “Top 5 Cryptocurrency Movers” where I look at all the major crypto coins on the market and choose the five that made the biggest move (either positive or negative) on this day, explaining my thoughts why the move happened, as well as the h...

What could be the trigger to XRP recent pump.

9 Jan 2021 1 minute read 3 comments Itech

I was doing a background research on the possible outcome to the recent price momentum of XRP token and found some key facts that could be a possible trigger to the price recent price movement. Firstly, I had to relate the recent price movements to t...

Maker DeFi - The best platform for issuing a loan in the crypt?

9 Jan 2021 1 minute read 0 comments Kattt

Maker is a decentralized credit platform. Users deposit their cryptocurrencies as collateral and in return receive the DAI stablecoin-a digital stable currency that does not depend on market fluctuations. The cost of DAI is pegged to the US dollar: 1...

DAI from Maker (DeFi) - what is it?

8 Jan 2021 1 minute read 0 comments Kattt

DAI is a dollar stablecoin, 1 DAI = 1 USD ( - a couple of cents). How new DAI are created- users deposit their cryptocurrency as collateral and new DAI are generated in return. New DAI cannot appear without collateral. They can't be mined.The main id...

Understanding Crypto Taxes - Don't Let the FUD Scare You

8 Jan 2021 3 minute read 6 comments bettercallpaul

Understanding Crypto Taxes - Don't Let the FUD Scare You by William P. Alexander  for  Better Call Paul Blog Hey Everyone!  After seeing a few articles on here regarding Coinbase and other US-based cryptocurrency companies and their plans to tax o...

Bitcoin Stares Down the Barrel of $40,000! 

7 Jan 2021 1 minute read 3 comments bettercallpaul

Bitcoin Stares Down the Barrel of $40,000!  Lambos Become a Real Possibility by W. Paul Alexander Hello Everyone,  This is just a quick update to give you the information on what is happening mid-day with Bitcoin.     Bitcoin, the number one crypto...