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.


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’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...

The Bull Continues to Run: Bitcoin (BTC) Hits New All Time High of $32428; Alt Markets Continue Their Soar.

2 Jan 2021 1 minute read 2 comments bettercallpaul

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Reading to coffee #6

13 Jan 2021 1 minute read 2 comments andrej

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Understanding Crypto Taxes - Don't Let the FUD Scare You

8 Jan 2021 3 minute read 6 comments bettercallpaul

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DeFi: Ampleforth, Maker a great performance

10 Jan 2021 1 minute read 0 comments Gamma

  After the boom of the last few months, the decentralized finance tokens (DeFi) are now stagnating and the total value of the dollar locked in the DeFi protocol has not stopped growing for more than 10 days. In terms of Total Stranded Value (TVL), o...

The DAO Maker: The powerful platform for social mining, fundraising, marketing and venturing with decentralized enterprises and retail investors while promoting social responsibility for the stronger bond of community and project owners.

12 Jan 2021 7 minute read 3 comments Mr. Decentralized

Good morning to everyone here on Steemit! Today, what I will talk about is "Not your typical crypto ICO project" or "Typical crypto imaginary product innovation" and not delivering what it's supposed to do. Trust me guys, I did research and read the...

Lbry TV - Content Freedom - LBC crypto.

27 Dec 2020 1 minute read 5 comments Coincobra

How about wacth and publish videos in the decentralized channel and have a freedom of to sell or to buy or only publish free and to wacht free too.  This channel 👉LBRY allows to do everything and yet you are reward for this.  I'm already receiving lb...

What could be the trigger to XRP recent pump.

9 Jan 2021 1 minute read 3 comments Itech

I was doing a background research on the possible outcome to the recent price momentum of XRP token and found some key facts that could be a possible trigger to the price recent price movement. Firstly, I had to relate the recent price movements to t...

Daily Bitcoin Analysis #3 (2021-01-10)

10 Jan 2021 1 minute read 1 comment Sebbe_727

So much hasn't changed in the last 24 hours in the "bitcoin market"... remember that the market is always a psychological game. Can this be an indication of a more bearish run? 24-hour chart analysis  If we look at the chart we see a support and resi...