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Maker DAO (MKR)

325 Articles 42,138 Followers

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.


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12 hours ago 4 minute read 0 comments quantdoge

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23 Sep 2022 14 minute read 0 comments davidcash888

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Coinbase Launches USDC Institutional Rewards Program for MakerDAO

16 Sep 2022 3 minute read 2 comments CryptoJD

Coinbase is looking to onboard MakerDAO, the organization behind the largest decentralized stablecoin, to Coinbase Prime. The proposal will enable Coinbase to custody $1.60 billion USDC from the protocol's Peg Stability Module (PSM) for an estimated...

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14 Sep 2022 2 minute read 0 comments quantdoge

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Sweatcoin (SWEAT) Breaks Public Sale Record on DAOMaker, Hours to Web3 Launch

14 Sep 2022 1 minute read 0 comments DailyCoin

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8 Sep 2022 3 minute read 0 comments quantdoge

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‘Smart Wallet’ Season 2 s Starting: Ivo Georgiev Talks Future of Ethereum and Stablecoins with MakerDAO’s Frank (aka Flip Flop Flap) and Pavel

7 Sep 2022 2 minute read 0 comments AlpinaBG

Episode 7 of Ambire Wallet’s Twitter Spaces brings an outlook on the Ethereum space and the role that stablecoins will play in its future That’s right, Ambirers, our short break is over and we’re back with a new season of our ‘Smart Wallet’ series: n...

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Co-Founder Christensen Recommends Maker DAO's DAI-USD Depeg to Limit Attack Surface

28 Aug 2022 7 minute read 2 comments kev_nag

Christensen’s Argument As to Why MakerDAO DAI-USD Should Depeg Background On August 26, 2002, MakerDAO co-founder Rune Christensen published a blog entitled: The Path of Compliance and the Path of Decentralization: Why Maker has no choice but to prep...

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