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

Maker DAO (MKR)

232 Articles 5,011 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.


Maker (MKR) Price Is ALL OVER the Place the Last 3 Months! So, What's Going on Within the Project?!

1 Mar 2021 12 minute read 0 comments Michael @ CryptoEQ

Maker is one of the oldest and mosts successful DeFi projects built on Ethereum but often gets overlooked by newer, flashier projects. However, the price of the MKR token exploded the last couple months and has pulled back with the rest of the marke...

What Is Yield Farming?

15 Feb 2021 1 minute read 2 comments chris04

What is yield farming?Yield farming is a way to make money by holding cryptocurrency holdings. In summary, it means blocking cryptocurrencies for rewards. But is it the same as staking?In a sense, yield farming can be compared to staking as both stra...

What is DAO Maker and How Does it Work? | KuCoin Crypto Gem Observer

9 Feb 2021 2 minute read 2 comments KuCoin Blog

Venture capital has always been a daunting concept. It has long remained the work of large institutions that are largely undeterred by risk. It is no surprise then that a more democratic solution would come from the crypto world. DAO Maker has been c...

Governance Polls: Add Collateral Types, Set IAM Parameters, and more

9 Feb 2021 13 minute read 1 comment MakerDAO

The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the MakerDAO Risk Domain Team. The community can vote in this poll to express support or opposition to these polls on the voting portal. Poll: Add UNI-V2-UN...

Is MakerDAO best option to deposit your DAIS?

6 Feb 2021 1 minute read 0 comments Makingdigital

The MakerDAO platform has been with us long enough to know if it is worth getting into its ecosystem. I wanted to briefly comment on whether this is the best place to store our DAIs. From the Oasis app, we have the possibility to open a MakerDAO Vaul...

$1000 MKR giveaway by CEX.IO

2 Feb 2021 1 minute read 2 comments Batinium

CEX.IO, one of the best crypto-to-fiat exchange platform which not only offers exchange transactions only but staking, trading and affiliation rewards, has recently listed MKR. This means that now CEX.IO customers can trade MKR against USD on the pla...

MKR-The sleeping giant

29 Jan 2021 1 minute read 2 comments OnlyUp

Maker DAO has a huge perspective for growth in 2021 in my opinion. The reason for that is the already developing second wave of DeFi boom. Apparently the adoption is happening and more and more fiat money flows into the crypto market. Due to the smal...

MakerDAO TVL Nears $5B

29 Jan 2021 1 minute read 25 comments Abhimanyu Krishnan

The TVL of MakerDAO protocol is nearing $5 billion, having reached $4.85 billion as of Jan. 29. Having gained over $2 billion in TVL since the start of the year, Maker is the DeFi protocol with the highest value locked in, ahead of Aave (AAVE) with...

Reading to coffee #6

13 Jan 2021 1 minute read 4 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...