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Maker DAO (MKR)

331 Articles 42,139 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.


Froog Contest! $1000 in ETH Prizes for 60 Users!

12 Nov 2021 1 minute read 604 comments Froog.co

Hi Publish0x Users! This is Froog, a place where you can find jobs and gigs in the world of web3/DAO/crypto - you name it! Today, we have a simple contest for you with $1000 in $ETH Prizes. But first, a brief introduction: At froog.co we have a wide...

BProtocol - Crypto Education in DeFi liquidations

20 Feb 2022 2 minute read 4 comments PVMihalache

B.Protocol is the DeFi backstop liquidity protocol! B.Protocol is the solution for the ever-growing DeFi market, a method to stabilize the DeFi assets volatility and a way forward for DeFi farmers. The idea behind B.Protocol was to make lending platf...

Summary of the top 50 coins

4 Sep 2021 11 minute read 67 comments Austras

Here I'll summarize and go over the main use cases and how these coins/tokens operate. I did the effort of digging through info to summarize them so you don't have to. But do DYOR if you plan on investing any of these coins/tokens. Top 51-100 coins h...

Is Crypto's Correction Nearing Its End? Top DeFi Coins To Watch in February

4 Feb 2022 3 minute read 4 comments Mike Ermolaev

Although Bitcoin flirted with gains and clawed back some losses, it then plunged, failing to find momentum for sustained recovery. Many people are wondering where Bitcoin is headed now that it is 47 percent off its all-time high? Source: Casebitcoin...

Overview of MakerDAO: DeFi, DAI & Declining Economics

3 May 2022 4 minute read 0 comments Zacharias

  2 May 2022: One of the largest dAPPs and the first decentralized finance (DeFi) applications to earn widespread adoption, MakerDAO is an open-source Decentralized Autonomous Organization (DAO) that runs on the Ethereum blockchain. MakerDAO has rece...

Symbiosis IDO on DAO Maker

24 Nov 2021 1 minute read 5 comments Symbiosis Finance

1. PROJECT OVERVIEW: WHAT IS SYMBIOSIS? Symbiosis is a multi-chain liquidity enabler. It allows anyone to swap tokens between all the chains while remaining the sole owner of the funds. 2. A. GO-TO-MARKET STRATEGY High-level go-to-market strategy for...

DeFi 2.0 Has the Current Spotlight but Don't Sleep on Proven "Bluechips" Maker (MKR) and DAI

15 Nov 2021 6 minute read 4 comments Michael @ CryptoEQ

If you want more cryptocurrency analysis including full-length research reports, trading signals, and social media sentiment analysis, use the code "Publish0x" when subscribing to CryptoEQ.io to make your first month of CryptoEQ just $10!  Or just c...

Ether Blows Past $1,900 Leading Up to the Merge

12 Aug 2022 3 minute read 10 comments Allen Taylor

Peter Schiff says bitcoin will fall below $10,000 and never see another high. I think Peter Schiff is high. Ether hits 2-month high, surges above $1,900. JPMorgan says miners face an abrupt change after the Merge. No shit, Sherlock. Is it foolish to...

Getting Started with DeFi- Part 1

26 Dec 2021 1 minute read 12 comments Saikartix

 DeFi  simply means decentralised finance. It doesn't rely on any banks or Central institutions for money, insted it utilizes smart contacts blockchains, usually many DApps are built on Etherium . DApps are the applications in which the users can len...

With Regulators Coming, What Stablecoin Can You "Trust"?

11 Aug 2022 5 minute read 4 comments Michael @ CryptoEQ

If you want more cryptocurrency analysis, including full-length research reports, trading signals, and social media sentiment analysis, use the code "Publish0x" when subscribing to CryptoEQ.io to make your first month of CryptoEQ just $10! Or simply...