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

Maker DAO (MKR)

272 Articles 19,736 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.


Technical and Price Analysis- MKR, AAVE, DOT, LINK, SNX- JUN 13, 2021

13 Jun 2021 1 minute read 4 comments Hsksks

We all want to know the next best altcoin. Some of the contenders are MakerDAO, Aave, Polkadot, Chainlink and Synthetix. MKR MakerDAO envisions to make Stablecoin ecosystem mainstream. The market price stood at $2,980.2 at 3:15 AM UTC. It has a gain...

Short Analysis & What to Expect on FARM & Maker

12 Jun 2021 1 minute read 0 comments Defiant Pathfinder

There are certain factors we should consider when we are analyzing crypto currencies. The candlestick patterns, Chart patterns and the price action in general determines the possible move that can be made with a certain crypto asset. We are going to...

Technical and Price Analysis- MKR, AAVE, DOT, LINK, SNX- JUN 12, 2021

12 Jun 2021 1 minute read 0 comments Hsksks

We all want to know the next best altcoin. Some of the contenders are MakerDAO, Aave, Polkadot, Chainlink and Synthetix. MKR MakerDAO envisions to make Stablecoin ecosystem mainstream. The market price stood at $2,868.5 at 5:40 AM UTC. It has a loss...

Ethereum based DeFi and Smart Contracts Empowering Ethereum

7 Jun 2021 1 minute read 7 comments Defiant Pathfinder

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ANONYMOUS attacks ELON MUSK and EXPOSES the TRUTH⚠️🎭

7 Jun 2021 1 minute read 8 comments Havall✨

Hey guys! It has been a long time since Anonymous has made a comeback, and we all know that when they make themselves heard, they do so in concrete terms, with facts in hand and with precise and in no uncertain terms. On Saturday, with a video publis...

Bears are Not Done Yet with MAKER & Aave

3 Jun 2021 1 minute read 12 comments Defiant Pathfinder

If you don't look beyond those bullish candles you might be fooled and thing that its a bullish reversal on Aave and Farm token. The market is stil in the hands of the bears maybe they might be losing steam but they still holding on to that grip. Rev...

Yearn Finance Vaults Explained

2 Jun 2021 3 minute read 2 comments RelyOnCrypto

Before we get started, if you're new to Yearn Finance and need a recap, check out my previous article here.   Yearn vaults are funds that are pooled together with a plan for maximizing the value of the asset in the vault. Vault strategies are more ac...

MAKER & AmpleFORTH Governance Tokens

1 Jun 2021 1 minute read 4 comments Defiant Pathfinder

I have been doing some researches and i have noticed that governance tokens are proving to be lucrative these days and they have a brighter future. The only problem is mostly you will find these tokens when they are long gone and you wont be able to...

What's ELON MUSK's PLAN? Please STOP TWEETTING!!⛔️📉

31 May 2021 1 minute read 5 comments Havall✨

Hi guys! As we all know by now, Elon Musk's tweets have a strong impact on the prices of the main cryptocurrencies. In February, Musk declared to TMZ that Dogecoin, although born as a joke, could become the "real cryptocurrency", thus promoting a lea...

Decentralized Finance Which Fought their way UP

30 May 2021 2 minute read 2 comments Defiant Pathfinder

It is so exciting Seeing how Decentralized Finance (DeFi) fought their way to the top. Its no lie that DeFi is making headlines these days as investors and traders are now much into it. How Did they Manage to Do So Back in the days even up to now inv...