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 321 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...

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...

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...

Maker (MKR) - the Titan that keeps DAI stable!

21 Jun 2020 4 minute read 24 comments PVMihalache

This week, Coinbase added Maker (MKR) the platform, and I realized that I don't know much about it, only that Maker  ... makes DAI ... doh !!! With the current price around $450, and a market cap at nearly $450 million, is predicted that Maker will b...

$COMP Becomes Largest Defi Token by Market Cap

17 Jun 2020 1 minute read 4 comments Abhi K

Compound Finance’s newly launched $COMP token has quickly risen to become the largest Defi token by market cap, overtaking Maker (MKR). The introduction of the $COMP has resulted in a huge boost for the platform with nearly $80 million more in deposi...

Maker to Vote On KNC and ZRX As Collateral Tokens

22 Jun 2020 1 minute read 2 comments Abhi K

On June 15, MakerDAO (MKR) has announced that its governance community will vote on the inclusion of Kyber Network (KNC) and 0x (ZRX) as collateral for generating DAI. The community began voting on the improvement proposals on June 15, with the execu...

MakerDAO Partners with Italy's Young Platform for Defi Adoption

2 Jul 2020 1 minute read 1 comment Abhi K

Italian cryptocurrency platform Young Platform has revealed a partnership with MakerDAO on June 29. The partnership will focus on “comprehension and mass adoption of Defi”, with Young Platform educating the Italian market on the DAI stablecoin throug...

Maker Implements KNC and ZRX as Collateral

29 Jun 2020 1 minute read 1 comment Abhi K

On June 28, MakerDAO announced that it has approved the Kyber Network (KNC) and 0x (ZRX) assets as collateral for its lending protocol. The two assets join Ethereum (ETH), Wrapped Bitcoin, Basic Attention Token (BAT), USD Coin (USDC), and two real wo...

Compound Surpassed Maker in Amount of Locked ETH Value

22 Jun 2020 1 minute read 0 comments Abhi K

Defi platform Compound Finance and its $COMP token, which has seen rapid growth since its launch, surpassed MakerDAO’s MKR token in terms of total value across assets. At the time of publishing, the $COMP token has 2.3 million in total value locked i...

MakerDAO Spikes Over 20% Following Real-world Asset Vote

10 Jun 2020 1 minute read 0 comments Abhi K

The MKR token of the MakerDAO ecosystem has rallied by more than 20% following a recent vote that enabled new types of token backed by real world assets to act as collateral for DAI generation.  MKR's value jumped by over 20% on June 9. On June 9, M...