Maker DAO (MKR)

48 Articles 5 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.


4 Things You Probably Missed About MakerDAO (MKR) and DAI In June 2019

8 Jul 2019 1 minute read Ed-california $2.58 tipped

It’s been an interesting week for cryptocurrencies, with the market going down a bit from its high last week. Things look stable. Stablecoins, of course, remain stable regardless, more or less.  And I’m not talking about Tether, oh God no. I’m talki...

Top 5 Ethereum Tokens To Watch for Huge Gains In 2020

3 Jul 2019 5 minute read kevW!ls0n $2.39 tipped

It’s cool to HODL with Bitcoin and be assured that you will make money in the future, but if you want to make quicker shorter term and medium term gains, then altcoins are the way to go.  And there’s definitely no shortage of altcoins in the market t...

Multi-Collateral Dai Starts Monday - Here's What You Need to Know

14 Nov 2019 5 minute read The Part Time Economist $2.32 tipped

On the 18th of November, MakerDAO will be launching the new and improved Multi-Collateral DAI. For those of you who aren't familiar with Dai, it is one of the leading stable coins and is "minted" when users lock ETH into a collateralized debt positio...

3 Crypto Projects People Are Talking About And That It's Not Too Late To Invest In

4 Jul 2019 3 minute read Chris Walker $2.10 tipped

I see a lot of posts on this site where people talk about the best altcoins. Everyone has their own opinion, don’t they? So do I :)  I’m mostly in agreement with the tokens and projects that people are recommending for investment on this site. But I’...

Current thoughts on makerdao communnity stuff

16 Aug 2019 3 minute read murdersintent $1.98 tipped

  Catching up on current stuff, thoughts and responses to current discourse in makerdao community. Roughly half on governance facilitators, and half my conceptions of what scientific governance encompasses (especially relating to voting in any ratifi...

StakerDAO will build it’s tokens (STKR) on the newly developed GOV.1 token standard on Tezos.

2 Nov 2019 1 minute read Allen Walters $1.98 tipped

Inspired by the governance model of Tezos, StakerDAO is a newly launched platform for governing financial assets. It will manage DeFi application (Decentralized Finance) with the possibility for STKR holders, to vote through decentralized, on-chain g...

MakerDao: The Decentralized and Democratic Path to Leveraged Positions

30 Mar 2019 9 minute read Alexander Niski $1.78 tipped

Humans have been borrowing things from each other for a long time. We’ve spent the majority of our evolution--some 70,000 years--in tribes of 100-200 members, so borrowing most likely took place using the IOU method that we still use today between fa...

Infinity Start adopted DAI Stablecoin

5 Sep 2019 1 minute read egamersio $1.75 tipped

The new blockchain game, Infinity Star by Nodebrick announced a collaboration with MakerDao which will open up a lot of opportunities to both communities. Infinity Start adopted DAI stablecoin and they are also considering accepting DAI as a payment...

Introducing the New Publish0x Tipping Model

11 Jul 2019 4 minute read Igor Tomić $1.74 tipped

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...

Multi-Collateral Dai Is Live - Here's How to Upgrade Sai

3 weeks ago 2 minute read The Part Time Economist $1.68 tipped

The new Multi-Collateral Dai just launched a few hours ago, and it is now possible to upgrade from your old Dai (Sai) to the new Multi-Collateral Dai (MCD) by visiting https://migrate.makerdao.com/. As promised in my previous article, I will show you...