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.


KAVA crypto (1 $): analysis of the Cosmos MakerDAO (ATOM)!

29 Jun 2020 2 minute read 0 comments NassiroV

Image Source KAVA crypto analyzed against Bitcoin The KAVA cryptocurrency looks good when we evaluate it in bitcoins, even if we are not immune to a slowdown, with possibly the formation of a lower point clearer than those that we could read on the...

The great advantages of acquiring DAI in devalued countries - the most relevant in DeFi, stablecoins and DAI

3 Jun 2020 8 minute read 0 comments Crypto adict (Manu VZ)

Crypto-backed stablecoins is that they are over-guaranteed. It means that for every Dollar in circulation of a stablecoin of this type, there is more than 1 Dollar that supports it. For example, DAI currently has $ 3.80 in support for each DAI in cir...

Will Real Assets Be Lockable As A Collateral On MakerDao?

20 Jun 2020 1 minute read 0 comments ☑️Arͬcͨaͣ🅽🅶eͤl̜̝̖̼͔̞̃ͮ͑̐̉͌🅾➏➏➏

Maker (MKR) is a utility token, governance token and recapitalization resource of the Maker system.It is an Ethereum blockchain based token. In recent weeks there have been clear increases due to an interesting initiative that will affect Maker, the...

To maintain the current value of Maker in the future, several trillion DAI will be needed

31 May 2020 1 minute read 2 comments ...

Analysts at AlfaBlok have released a report claiming that the number of Dai stable stocks in annual turnover should increase by more than 70 percent so that MakerDAO (MKR) can maintain its $ 350 million market size. As of May 5, the release of Dai sh...

MakerDAO explodes 700% ethers debt ceiling

12 Jul 2020 1 minute read 0 comments NassiroV

Image Source MakerDAO is the DeFi ecosystem protocol behind stablecoin DAI. The governance facilitator of the Maker Foundation has just increased the debt ceiling in ETH to 160 million. And this, bypassing the usual governance protocol. 700% increas...

What is the MakerDAO CDP?

8 Jun 2019 3 minute read 2 comments Ethan Winter

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...

Can Binance-Backed KAVA Unseat Ethereum-Backed MakerDAO As King Of DeFi?

2 Jul 2020 1 minute read 0 comments Crypto FROG

I do a deep dive on KAVA. It's a Binance and Huobi-backed DeFi lending & finance cryptocurrency project. Its market cap is 1/15 that of MakerDAO’s - its biggest competitor in the space. Does it have the chops to overthrow MKR as the BIG BOY in town?...

My latest Watercolor Painting Timelapse

16 May 2020 1 minute read 3 comments offgrid

This is my latest Watercolor Painting Timelapse from a photo of the sunset on the Rideau River near Manotick Ontario in Canada.  I know that a lot of crypto Artists are selling digital copies of their Artwork on places like Makersplace.com but I thin...

MakerDAO, the risk of DeFi

22 Feb 2020 3 minute read 0 comments renabs94

  ETHDenver, the event dedicated to Ethereum that has just ended in America, has hosted for obvious reasons MakerDAO and Mario Conti, Head of Smart Contracts at Maker, who focused his speech on the problem that emerged with Fulcrum and the r...

Chainlink, MakerDAO and Lightning Labs praised by the world economic forum

20 Jun 2020 1 minute read 0 comments NassiroV

Image Source It is rare for institutional foundations to praise blockchain projects. And yet! A panel of 6 blockchain companies is included in the list of technological pioneers of 2020 produced by the World Economic Forum (GEF). The World Economic...