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.

Maker Implements KNC and ZRX as Collateral

29 Jun 2020 1 minute read 1 comment Abhi K

On June 28, MakerDAO announced that it has approved the Kyber Network (KNC) and 0x (ZRX) assets as collateral for its lending protocol. The two assets join Ethereum (ETH), Wrapped Bitcoin, Basic Attention Token (BAT), USD Coin (USDC), and two real wo...

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...

Compound Surpassed Maker in Amount of Locked ETH Value

22 Jun 2020 1 minute read 0 comments Abhi K

Defi platform Compound Finance and its $COMP token, which has seen rapid growth since its launch, surpassed MakerDAO’s MKR token in terms of total value across assets. At the time of publishing, the $COMP token has 2.3 million in total value locked i...

MakerDAO Spikes Over 20% Following Real-world Asset Vote

10 Jun 2020 1 minute read 0 comments Abhi K

The MKR token of the MakerDAO ecosystem has rallied by more than 20% following a recent vote that enabled new types of token backed by real world assets to act as collateral for DAI generation.  MKR's value jumped by over 20% on June 9. On June 9, M...

World Economic Forum Recognizes Chainlink and MakerDAO as Technology Pioneers

17 Jun 2020 1 minute read 1 comment Abhi K

The World Economic Forum (WEF) recently identified Chainlink (LINK), MakerDAO (MKR), Lightning Labs, Elliptic, Ripio and Veridium Labs as ‘Technology Pioneers’ of 2020. The overall list consists of companies from across the world building solutions i...

The biggest important moves will happen this week on these 4 crypto / LINK, MKR,, Stellar...

29 Jun 2020 4 minute read 0 comments Crypto adict (Manu VZ)

LINK / USD Hello FAMILY In the 4-hour chart we can see how an H&S pattern has formed, currently the price of LINK against USD is 4.47 USD, the main movement is still bullish, also in this pullback, we can see that the bulls are trying to buy when the...

Why it’s important for ETH holders to know the DAO story

10 May 2020 2 minute read 8 comments Pot Project

Why it’s important for ETH holders to know the DAO story  The DAO was one of the first events of great importance relevant to the Blockchain Ethereum technology and lead to the fork of the Blockchain Ethereum. First of all it must be said that The DA...

Analyzing Altcoins with Greater Short-Term Potential / These 3 Cryptocurrencies Can Outperform Bitcoin

19 Jun 2020 4 minute read 0 comments Crypto adict (Manu VZ)

MKR/USD After MKR in just 1 day managed to increase its value by 34% The main price movement continues to be bearish. Today June 19 the bulls tried to break the resistance of the 527 USD obtaining negative results, since at the time of writing this o...

Crypto News Roundup (May 4, 2020)

4 May 2020 1 minute read 0 comments takitachibana

As of 2:48 pm PH time: Bitcoin is $8,694 (-4%) Ethereum is $20.56 (-6.93%) XRP is $0.21 (-4.63) Read a roundup of cryptocurrency news today, May 4, 2020. Bitcoin Miners produced 16 blocks in 1 hour (it's usually just 6 blocks per hours) A new bi...

Ethereum Money Lego - what is it?

15 Feb 2020 1 minute read 4 comments 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...