Maker DAO (MKR)

430 Articles 67,251 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.


DAI on the rise... or is it?

5 Jun 2024 3 minute read 0 comments Michael @ CryptoEQ

You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $40/month you can upgrade to our FULL library of 60+ reports (including this one) and complete industry-leading ana...

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28 Mar 2024 5 minute read 3 comments Michael @ CryptoEQ

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Decentralized PureDAI is Launching Soon!

16 May 2024 1 minute read 0 comments Novasky

MakerDAO is releasing two tokens this year one is PureDai and another is newstable. The 2nd token is kind of like backing up the PureDai and so it's use case is very specific and strict in context. In case of the Puredai it was made to avoid some of...

Hover is Ready to Launch Its Public Sale on the DAO Maker

12 Feb 2024 2 minute read 3 comments Publish0x PRs

On February 14th, 2024, Kava’s native DeFi lending and borrowing project - Hover - will launch on DAO Maker with the public sale of its native $HOV token. The sale follows the successful genesis pools sprint, which crossed over 15.3M USD total value...

Tokenomics: Designing Economies for ICOs and Tokens

13 May 2024 5 minute read 1 comment letssittt

Introduction In this article, we will go into the exciting world of tokenomics, discovering its definition, key features, and the importance of tokenomics in the valuation of cryptocurrencies and blockchain network development. Furthermore, there wil...

Understanding Maker's "End Game"

14 Mar 2024 3 minute read 0 comments Michael @ CryptoEQ

You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $20/month you can upgrade to our FULL library of 60+ reports (including this one) and complete industry-leading ana...

What Is Maker (MKR) | Detailed Review

9 Jan 2024 3 minute read 2 comments Guarda Wallet

If there’s one thing consistent about Bitcoin, it’s its volatility. For instance, in recent times, Bitcoin has seen fluctuations, with its price currently under $40,000. This volatility — the up and down price fluctuations — discourages many from ado...

DeFi 101: Managing Your Loans and Collateralized Debt Positions (CDPs)

8 Feb 2024 5 minute read 1 comment Michael @ CryptoEQ

You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $20/month you can upgrade to our FULL library of 50+ reports (including this one) and complete industry-leading ana...

Is DeFi Good ENOUGH To Overtake TradFi?!

6 Feb 2024 3 minute read 0 comments Michael @ CryptoEQ

You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $20/month you can upgrade to our FULL library of 50+ reports (including this one) and complete industry-leading ana...

Leverage DeFi Lending and Borrowing to Ditch Your Bank and Grow Your Stack!

24 Oct 2023 6 minute read 35 comments Michael @ CryptoEQ

You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $20/month you can upgrade to our FULL library of 50+ reports (including this one) and complete industry-leading ana...