Maker DAO (MKR)

48 Articles 5 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.


3 Crypto Projects with Burning Mechanism You Must Be Aware Of

3 weeks ago 7 minute read Adamic0 $7.91 tipped

When investing in cryptocurrency, one of the most important aspects that cannot be overlooked is the coin/token supply of the project. This metric is significant because it is closely correlated with price.  For instance, if a particular crypto has a...

Over 8M BAT locked in MakerDAO's Smart Contracts - What Does It Mean For Investors?

2 weeks ago 1 minute read MeinCrypto $7.13 tipped

Recently, the MakerDAO foundation announced that it had implemented a proposal that established ‘multi-collateral’ DAI, meaning that it is possible to have DAI tokens backed by collateral OTHER than ETH. This also resulted in the DAI that was backed...

What is Sai? (SAI) [A Comprehensive Guide to SAI]

3 weeks ago 7 minute read Mr.CryptoWiki $6.24 tipped

I’ve talked about all sorts of projects in the past few weeks. The big names like Bitcoin, Ethereum and Ripple, and many others. I’ve stressed the significance of certain niches and trends, such as cloud computing and the emergence of exchange tokens...

Multi-Collateral Dai Starts Monday - Here's What You Need to Know

14 Nov 2019 5 minute read The Part Time Economist $2.27 tipped

On the 18th of November, MakerDAO will be launching the new and improved Multi-Collateral DAI. For those of you who aren't familiar with Dai, it is one of the leading stable coins and is "minted" when users lock ETH into a collateralized debt positio...

Multi-Collateral Dai Is Live - Here's How to Upgrade Sai

3 weeks ago 2 minute read The Part Time Economist $1.65 tipped

The new Multi-Collateral Dai just launched a few hours ago, and it is now possible to upgrade from your old Dai (Sai) to the new Multi-Collateral Dai (MCD) by visiting https://migrate.makerdao.com/. As promised in my previous article, I will show you...

Everything you need to know about MakerDao and Dai

1 Jun 2019 14 minute read Zoran Spirkovski $7.51 tipped

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...

What is the MakerDAO CDP?

8 Jun 2019 3 minute read Ethan Winter $3.05 tipped

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...

Introducing the New Publish0x Tipping Model

11 Jul 2019 4 minute read Igor Tomić $1.74 tipped

Hi Publish0x community, This is a quick update to let you know that we've introduced a new tipping model. In the last few months all tips gave out two tokens. Right now, you will always earn a tip in a single token. There is a chance to earn a tip in...

DeFi Startup Compound Finance Raises $25 Million

3 weeks ago 1 minute read cryptoscity $0.03 tipped

According to DeFi Pulse, Compound has nearly $103 million worth of crypto locked up in its automated system, which can generate returns for users comparable to interest. Today’s announcement of the Series A follows Compound’s $8.2 million seed round...

DAI Token Integrated For Tipping on Publish0x

3 Jun 2019 1 minute read Dan Bainbridge $12.15 tipped

Today we are super excited to integrate our 3rd token for tipping - DAI . The eth based stable coin created by the Maker DAO project smart contract. It's important to note that this is NOT a "sponsorship". We haven't taken any payment from MakerDAO o...