Maker DAO (MKR) News, Price Predictions, Opinions and Analyses Created by Users

Maker DAO (MKR)

180 Articles 132 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.


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...

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...

What is MakerDao? My first MKR tokens

6 Oct 2020 1 minute read 0 comments RFereru

When I signed up with Coinbase, one of the first things I did was sign up for the different courses (Coinbase Earn) that it has with which you can learn something about different currencies, and at the same time earn some USD in each one of them. As...

Is COMP Leading the Way in DeFi Governance?

6 Oct 2020 3 minute read 2 comments Cje95

Since the launch of DeFi governance tokens, one of the biggest critiques has been the value of the tokens. People were not caring about the interest they were earning on whatever coin they were lending they were more interested in the governance toke...

Introducing the Redesigned, Easier-to-Use Maker Voting Portal

25 Oct 2020 3 minute read 3 comments MakerDAO

As a Decentralized Autonomous Organization, MakerDAO’s community governance processes are as important to the Maker Protocol as the blockchain-based smart contracts and price feeds that underpin it. Holders of MKR, the Maker governance token, cast b...

Maker (MKR) added to Coinbase Earn

1 Oct 2020 1 minute read 18 comments Mynima

Introduction Morning all, just a quick public service announcement update today. I logged into my Coinbase account this morning and was pleasantly surprised to see a new short 3 video/quiz series for from the Coinbase Earn team. This time the team ha...

Earn $6 of Free MKR on Coinbase

1 Oct 2020 1 minute read 2 comments Bryan Divisions

  I absolutely love logging into Coinbase and seeing that there's a new coin or token that I'm able to learn about and earn with their Earn Rewards program.     Today is one of those days, as Maker is now available to receive for free, just by...

Maker Governance Community Votes to Add BAL and YFI as Collateral

15 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

The Maker governance community is all set to vote on the addition of Balancer (BAL) and yearn.finance (YFI) as collateral for generating stablecoin DAI, according to a blog post published on October 12. The Maker team has added proposals for the add...

Tokenization, and how's this going ???

3 Oct 2020 1 minute read 2 comments alquimista1501

This topic has been little developed and not touched in depth. I think that more should be invested in expanding the tokenization process that shows the competitive advantage of cryptocurrencies and how their use is an important point in the change t...

MKR Price Analysis 09 October 2020

9 Oct 2020 1 minute read 0 comments Suryakantdalai

Remember to read the date of this post carefully. In this post, you will get the live price of daily MKR. We also provide you with the MKR's market capitalization, weekly, monthly value, trading volume, peak and lowest prices and trading volume. We a...