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.


Zero to One Billion Dai: Five Years of Growth for MakerDAO

25 Nov 2020 1 minute read 0 comments MakerDAO

After more than five years since the concept for the Dai stablecoin was announced, and nearly three years since the first version of Dai officially launched, the MakerDAO project has today reached another major milestone: 1 billion Dai have been gene...

Venezuela Update - 274 Bitcoins traded last week

24 Nov 2020 2 minute read 6 comments Permabull

Checking last week's statistics, 274 BTC were traded in Venezuela on LocalBitcoins. The number is quite down from 281 BTC, traded the week before, buying and selling BTC/FIAT. 274 BTC is over 3,500,000,000,000 Bs. (Bolivares). One Bitcoin (BTC) is c...

Tether x Ethereum

23 Nov 2020 1 minute read 6 comments Coincobra

  Tether                                                              EthereumMarket Cap - $18.494.336.407  USD               Market Cap - $67.354.611.688 USD Recently, some websites and experts have said that Tether will soon be overcome in market c...

What is this Bitcoin thingy? 11 Key Bitcoin Features

22 Nov 2020 2 minute read 0 comments Permabull

Seeing the dollar value of Bitcoin getting up this quickly means there are lots of newcomers in the crypto space, especially in the first crypto currency - Bitcoin. I would like to point to a few important features of Bitcoin that would hopefully hel...

List of Non KYC Bitcoin Exchanges

20 Nov 2020 1 minute read 16 comments Permabull

Have been recently asked how to get Bitcoin without going through all the check, many exchanges do. Yeah, talking about the lovely KYC aka Know Your Customer. It is something the regulators are pushing for and some exchanges go overboard just to keep...

3D of Mining

19 Nov 2020 1 minute read 7 comments Coincobra

Start mining now FREE. Mining 3D First Dimension - SHA-256 is a critical computational hash function that uses video cards and high logical capacity computers to guarantee the security, authentication and operation of the entire Proof of Work system...

Colombia update - 184 Bitcoins traded last week

19 Nov 2020 1 minute read 8 comments Permabull

Checking last week's statistics, 184 BTC were traded in Colombia on LocalBitcoins. The number is quite down from 266 BTC traded a week before. Although, the volume is slowly slipping down from 760 BTC per week in February 2019. 184 BTC is about 11,0...

Best Bitcoin memes to celebrate the recent Number GO UP

18 Nov 2020 1 minute read 20 comments Permabull

Just wanted to share a few funny Bitcoin and crypto memes I came across over the time. Hope you'll like and use them. Due to the price shooting up that fast I guess we should start with this one.   Many people complained they didn't buy before the l...

Cold wallet - store your Bitcoin completely offline

15 Nov 2020 1 minute read 16 comments Permabull

If you have a significant sum of Bitcoin you can get a Hardware Wallet like ColdCard or Trezor (or even Ledger but the company keeps information about you which isn't really great if they get hacked AGAIN). If you don't trust or can't afford/keep saf...

Making Maker: October 2020

14 Nov 2020 8 minute read 11 comments MakerDAO

Maker governance and community updates took center stage in October! The Maker Foundation’s Product team redesigned the Voting Portal to simplify proposal polling and voting, new governance Q&A sessions were announced, and the MakerDAO Community Dev...