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.


Everything you need to know about MakerDao and Dai

1 Jun 2019 14 minute read 339 comments Zoran Spirkovski

The MakerDao is a smart contract on the Ethereum blockchain representing a decentralized collateral-backed cryptocurrency (DAI - a stable coin following the value of the US dollar), providing collateral loans, and a community governance system. The p...

MakerDAO’s Year in Review: 2020

17 Dec 2020 3 minute read 14 comments MakerDAO

This year has been challenging for everyone, but thanks to Maker’s amazing community of people all over the world, 2020 also delivered accomplishments. It was a remarkable year for MakerDAO and DeFi, despite the challenges. So, as December draws to a...

ETHwriter: ETH Gas Fees Fell Way Down - Are They Here to Stay?

20 Oct 2020 5 minute read 39 comments Thomas Wolf

Last updated: 10-25-2020 @ 3:30 AM CTZ Everyone has been wondering when ETH gas prices would fall – that day has come, but will the prices remain low for the implementation of Ethereum 2.0?“Come what may, all bad fortune is to be conquered by endura...

Making Maker: October 2020

14 Nov 2020 8 minute read 12 comments MakerDAO

Maker governance and community updates took center stage in October! The Maker Foundation’s Product team redesigned the Voting Portal to simplify proposal polling and voting, new governance Q&A sessions were announced, and the MakerDAO Community Dev...

7 Projects That Are Building the Infrastructure for Emerging DeFi

6 Jul 2020 6 minute read 7 comments Brawnd0

The Ethereum project has positioned itself as the hotbed for the decentralized finance services. Defi, as these services are commonly called, has become a cornerstone of the cryptocurrency market. The primary application of the many protocols that fo...

Full List of Basic Attention Token ($BAT) Use Cases

23 Jun 2020 2 minute read 10 comments M0davar

Basic Attention Token (BAT) is one of the most popular cryptocurrency projects in recent years. It’s the native crypto token for Brave Rewards - the advertising program of Brave Browser. Brave Browser itself is popular among crypto enthusiasts becaus...

4 Crypto Projects Vitalik Buterin Keeps Talking About

4 May 2020 7 minute read 11 comments kevW!ls0n

MakerDAO Maker is the largest DeFi (Decentralized Finance) platform in the cryptocurrency industry, holding a total of $447 million locked within its smart contracts at the moment of writing: source: https://defipulse.com/maker It is a platform tha...

What DeFi Projects offer the Top Staking Rewards in 2021

30 Dec 2020 3 minute read 12 comments Crypto Adventure

The DeFi sector provides investors with exciting opportunities that were previously not possible. Every week, new products, features, and networks enter the market. Each platform promises better returns and a more comprehensive UX. However, not every...

MakerDAO Makes Chainlink, Compound and Loopring Collateral

1 Oct 2020 1 minute read 10 comments Abhimanyu Krishnan

Decentralized stablecoin platform MakerDAO (MKR) on September 30 added support for Chainlink (LINK), Compound (COMP) and Loopring (LRC) to act as collateral to generate DAI. LINK, COMP and LRC can now be used as collateral in Maker Vaults The govern...

Binance Lists MKR and DAI

24 Jul 2020 1 minute read 20 comments Abhimanyu Krishnan

Binance has listed the MKR and DAI tokens, according to an announcement made on July 23. The two assets will each be paired against Bitcoin (BTC), Binance Coin (BNB), Binance USD (BUSD) and Tether (USDT). A Binance spokesperson said that the exchange...