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.


Multi-Collateral Dai: Maker

23 May 2020 5 minute read 4 comments M87

As the cryptocurrency ecosystem evolved towards Decentralized Finance (DeFi), one project has grown to be a large part of DeFi on the Ethereum blockchain. Maker (MKR) is a Decentralized Autonomous Organization (DAO) built on the Ethereum blockchain a...

MakerDOWN!

13 Mar 2020 2 minute read 9 comments Jimmy D [Upliftnation.io l Vigor.ai l Trybe.One]

Today we saw a Makerdao liquidation auction gone bad, is it any surprise? Their naive liquidation model is to auction bad debt into distressed markets. A dangerous proposition. Today Makerdao lost $4M worth of user collateral in what is a big fail of...

Maker to Vote On KNC and ZRX As Collateral Tokens

22 Jun 2020 1 minute read 2 comments Abhi K

On June 15, MakerDAO (MKR) has announced that its governance community will vote on the inclusion of Kyber Network (KNC) and 0x (ZRX) as collateral for generating DAI. The community began voting on the improvement proposals on June 15, with the execu...

TOP Things You Should Know About MakerDAO, DAI & SAI

18 Jan 2020 20 minute read 28 comments 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...

Meditations on decentralisation

24 Apr 2020 5 minute read 0 comments AdEx Network

Photo by Jeffrey Czum on Unsplash AdEx Network was born in the crowd. Back in 2017 we were a bunch of kids with an advertising problem in sight and a possible solution in mind. Three versions of a protocol for decentralised advertising, an open plat...

Is Maker (MKR) a Good Investment? In-depth Analysis and Near to Longer-Term Expectations

20 Dec 2019 6 minute read 2 comments CryptoBoomer

In Blockchain Capital’s 2019 State of Crypto report (for which there are no sources yet), Decentralized Finance (DeFi) is growing at an exponential rate and is a focal point for investment - according to Decrypt anyway, which has reportedly seen the...

MakerDAO Partners with Italy's Young Platform for Defi Adoption

2 Jul 2020 1 minute read 1 comment Abhi K

Italian cryptocurrency platform Young Platform has revealed a partnership with MakerDAO on June 29. The partnership will focus on “comprehension and mass adoption of Defi”, with Young Platform educating the Italian market on the DAI stablecoin throug...

DAI Token Integrated For Tipping on Publish0x

3 Jun 2019 1 minute read 79 comments 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...

MakerDAO's Wrapped Bitcoin Makes it Possible to Generate DAI from Bitcoin

4 May 2020 1 minute read 2 comments Abhi K

The MakerDAO governance voted in favor of supporting Bitcoin's addition  Bitcoin becomes 4th asset capable of generating DAI Wrapped Bitcoin (wBTC) expected to increase liquidity for DeFi  On May 3, the MakerDAO’s governance community voted in favo...

7 Projects That Are Building the Infrastructure for Emerging DeFi

6 hours ago 6 minute read 2 comments Brawnd0

The Ethereum project has positioned itself as the hotbed for the decentralized finance services. Defi, as these services are commonly called, has become a cornerstone of the cryptocurrency market. The primary application of the many protocols that fo...