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.


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...

Three crypto currencies with a brighter future

19 Jun 2020 2 minute read 0 comments Mabla

A billionaire by the name Warren Buffet once said “never put all your eggs in one basket”, you will need to diversify your trading portfolio. Crypto market has so many different highly profitable crypto currencies you can invest on, you just have to...

MakerDAO Community Approves New Assets for DAI Collateral

9 Jun 2020 1 minute read 0 comments Abhi K

On June 7, the MakerDAO community voted to approve a new set of assets to act as collateral for its DAI stablecoin. The vote sees real-world assets in the form of trade invoices and music royalties serves as a way to generate DAI. The assets join Eth...

Data, the new black gold - A renovated oracle for MakerDAO

3 hours ago 1 minute read 0 comments NassiroV

Image Source Decentralized finance continues to innovate. However, it remains sensitive to problems relating to Oracles. To remedy this, MakerDAO has expanded the source of its Oracle data, with the addition of 4 new recognized sources. Back to the...

Maker Foundation Faces $28M Lawsuit

15 Apr 2020 1 minute read 0 comments Abhi K

Three entities associated with MakerDAO -The Maker Foundation, the DAI Foundation and Maker Ecosystem Growth Foundation - all face a new class-action lawsuit that claims that the aforementioned parties have been “actively misrepresenting to investors...

How Compound beat MakerDAO in just one day and became the leader in the DeFi market

7 Jul 2020 8 minute read 1 comment Kluma

DeFi remains a source of fast financial ups, but also the same fast falls. Previously, the MakerDAO project was the main driver of this market. However, in a short time he was overtaken by a competitor in the person of Compound. As a result, the capi...

DAI: The Decentralized Stablecoin

5 Jun 2019 5 minute read 14 comments jwrandolph

We are in the midst of the longest crypto bull run since 2017. If you’re like me, you’re feeling good about the assets that you have going way up in value, and maybe, also feeling bad that you didn’t buy more a month ago. Among all these coins that a...

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

14 Feb 2020 1 minute read 1 comment 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...

Coinbase List Maker (MKR)

13 Jun 2020 3 minute read 1 comment Sirt33

  Coinbase has listed Maker (MKR) on Coinbase.com. The token is also supported on the Coinbase Android and iOS apps. Coinbase customers can now buy, sell, convert, send, receive, or store MKR. The token will be available in all Coinbase-supported reg...