Maker DAO (MKR)

48 Articles 3 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.


What Is Paxos Standard (PAX)? - [A Comprehensive Guide to Understanding PAX]

1 Nov 2019 6 minute read Mr.CryptoWiki $4.63 tipped

There are few patterns in the crypto market more noticeable in 2019 than that of stablecoins. Along with the tokenization of traditional assets, like real estate, the general trend has gone away from startups attempting to raise money quickly through...

Why I Think Everyone Should Have a Piece of MakerDAO ($MKR)

10 Jul 2019 2 minute read kevW!ls0n $4.49 tipped

So I think it’s pretty clear that by now investors who are really into the market should get into at least one stablecoin. A lot of people have chosen to go into Tether (WHY?), maybe because that’s the easiest or most noticeable option but c'mon, ser...

MakerDAO - A Decentralized Financial Ecosystem - Technical + Fundamental Analysis

19 Jun 2019 3 minute read chrispop $4.44 tipped

There is no doubt that MakerDAO, together with its two tokens MKR and DAI, has been making some big waves in the cryptocurrency land recently. And I'm confident that after you read this article you will convince yourself why! Fundamental Analysis I w...

3 Takeaways You Need To Know From MakerDAO's Presentation at Fluidity 2019

7 Aug 2019 2 minute read Ra.Tomps $3.84 tipped

Gregory Di Prisco, Head of Business Development at MakerDAO, had recently delivered a presentation titled “Beyond Banks” at the Fluidity 2019 Conference. The presentation highlighted a number of important features, present and upcoming, that are inte...

3 Crypto Projects That Are Soon To Surprise The Mainstream

6 Aug 2019 3 minute read Adamic0 $3.47 tipped

We are in a very exciting time for the crypto industry. Forget about the prices - they’re going up and down quite a bit as if waiting for some big moment where it can happily sit at a much higher stable bottom.  No, what's really interesting about th...

Maker (MKR) Price Prediction 2020 - $2000 Possible?

4 weeks ago 7 minute read CryptoChartWizard91 $3.34 tipped

MKR has seen a relatively stable period of trading as it has remained trapped within a wide range between $800 and $300. The cryptocurrency is presently around 25% up from the 2019 opening price as it trades at around $580 (as of early November 2019)...

It Amazes Me How Massively Undervalued MakerDAO (MKR) Is

25 Jul 2019 5 minute read h00li $3.15 tipped

It truly does still amaze me at how undervalued MakerDAO has managed to remain after all this time. I mean, it is doing alright as it manages to hold a top 25 ranking at the 23rd position - holding nicely at a price of around $585. However, the price...

What is the MakerDAO CDP?

8 Jun 2019 3 minute read Ethan Winter $3.07 tipped

The MakerDAO CDP is a financial instrument that has never existed before in the history of the world, save for governments themselves. CDP stands for Collateralized Debt Position, and is very similar to how a person with a mortgage could get a loan a...

Changelog Speaker Spotlight - Jocelyn Chang, APAC Community Lead of MakerDAO

3 Sep 2019 2 minute read CoinGecko $2.81 tipped

CoinGecko will be hosting sixteen exciting crypto projects at the upcoming Changelog stage during Invest Asia 2019 happening on 11-12 September 2019. The Changelog stage offers projects the opportunity to share important updates and development roadm...

A Quick Review Of Maker Project

14 Aug 2019 3 minute read Rumi $2.80 tipped

Whаt іѕ Maker DAO? Maker DAO іѕ а protocol bеhіnd thе stable coin DAI — a cryptocurrency thаt maintains а 1:1 peg tо thе USD. Thіnk оf 1 DAI аѕ $1. Whаt mаkеѕ іt unique іѕ еасh DAI іѕ backed bу Ether іnѕtеаd оf а 3rd party claiming tо hаvе thе requ...