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...

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...

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

20 Oct 2020 5 minute read 38 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...

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...

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...

Full List of MakerDAO (MKR/DAI) Partnerships (2020)

3 Mar 2020 10 minute read 9 comments list3r

There is no bigger name in the Decentralized Finance (DeFi) space than MakerDAO. The dual coin system of MKR and DAI has gained a strong reputation in the crypto world and is proven by the nearly $600 million that has been locked in it.  Both the tru...

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...

Executive Vote: Lower the USDC-A Liquidation Ratio and Approve a New Gitcoin Light Feed Key

30 Jul 2020 1 minute read 3 comments MakerDAO

The Maker Foundation Governance Facilitator has placed an Executive Vote into the voting system, which will enable the community to lower the USDC-A Liquidation ratio and approve a new Gitcoin light feed key: Lower the USDC-A Liquidation Ratio to 11...

StakerDAO has launched its governance token STKR on Tezos

29 Jun 2020 2 minute read 1 comment Allen Walters

What is StakerDAOStakerDAO is DeFi on Tezos, inspired by both Tezos and MakerDAO. "StakerDAO is a platform for governing financial assets in a decentralized, secure, and compliant manner." StakerDAO combines 3 strengths in 1: - Tezos' on-chain gove...