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.

Everything you need to know about MakerDao and Dai

1 Jun 2019 14 minute read Zoran Spirkovski

The MakerDao is a smart contract on the Ethereum blockchain representing a decentralized collateral-backed cryptocurrency (DAI - a stable coin following the value of the US dollar), providing collateral loans, and a community governance system. The p...

TOP Things You Should Know About MakerDAO, DAI & SAI

18 Jan 2020 20 minute read MuyAsk

Hey people :) There goes my second post, this time on MakerDAO's ecosystem. In case you have missed my previous post on BAT & Brave, you can read it here. Enjoy! 1. What is Maker MKR? Maker (MKR) is the utility token used primarily for governance and...

Introducing the New Publish0x Tipping Model

11 Jul 2019 4 minute read Igor Tomić

Hi Publish0x community, This is a quick update to let you know that we've introduced a new tipping model. In the last few months all tips gave out two tokens. Right now, you will always earn a tip in a single token. There is a chance to earn a tip in...

Ethereum Money Lego - what is it?

5 days ago 1 minute read renabs94

On Ethereum it is possible to combine coins (tokens) as if they were Lego bricks, to create new coins (or new tokens) with new features. It is the so-called "Ethereum Money Lego". The fact is that smart contracts are used to create a token on Ethereu...

DAI Token Integrated For Tipping on Publish0x

3 Jun 2019 1 minute read Dan Bainbridge

Today we are super excited to integrate our 3rd token for tipping - DAI . The eth based stable coin created by the Maker DAO project smart contract. It's important to note that this is NOT a "sponsorship". We haven't taken any payment from MakerDAO o...

Ethereum DeFi, Lending Protocols, Contracts' Security + Some Updates

6 days ago 1 minute read rhyzom

DeFi lending protocols seem to be picking up momentum as the total value locked in DeFi contracts surpassed $1bn recently couple of days ago. However, besides Maker (which forms pretty much the foundation other DeFi products build upon), most other d...

New Hydro Protocol Proposal: Foam

4 weeks ago 1 minute read Mark Anstead

Lots of work (and thought) has been put into this, and I am hoping to have this be a core protocol our team at Project Hydro develops at the open source layer throughout 2020.   I'm massively bullish on DeFi, and this is just a testament of where I s...

3 Crypto Projects with Burning Mechanism You Must Be Aware Of

20 Nov 2019 7 minute read Adamic0

When investing in cryptocurrency, one of the most important aspects that cannot be overlooked is the coin/token supply of the project. This metric is significant because it is closely correlated with price.  For instance, if a particular crypto has a...

Second attack!! zBx DeFi lending protocol exploited again in less than 5 days, this time the protocol lost $645k!!

2 days ago 1 minute read alberdioni8406

It's been less than a week when news was running out connecting a "suppose" attack that happened in the zBx DeFi lending protocol, that actually happened despite didn't caused any loss to the customers funds it damaged the bZx lending protocol and 1,...

CHAI: An Interest Bearing Meta-Stablecoin (Dai + Interest + Spendable + Gasless)

17 Jan 2020 4 minute read rhyzom

CHAI is an ERC-20 which wraps DAI + Maker's Dai Savings Rate (DSR). DSR is a newly added feature that came with Multi-Collateral Dai (MCD) and constitutes a mechanism for the Maker DAO to have some control on the demand side of the supply and demand...