Maker DAO (MKR)

425 Articles 63,745 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.


DeFi 102: Real-world Assets (RWAs) Pros and Cons

22 Feb 2024 4 minute read 2 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...

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...

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

24 Oct 2023 6 minute read 32 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...

Governance Tokens: Risks and Benefits

31 Oct 2023 6 minute read 2 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...

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

8 Feb 2024 5 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...

DeFi 101: Understanding CDPs and Borrowing

5 Dec 2023 5 minute read 10 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...

MakerDAO's Dai Stablecoin: The Worst of Both Worlds

22 Mar 2023 15 minute read 4 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...

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...

Explaining MakerDAO Acronyms: DSR, TRFM, and PSM

18 Sep 2023 4 minute read 3 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...

MakerDAO (DAI Stablecoin) Explained

6 Mar 2023 4 minute read 6 comments NOWPayments

Accept DAI payments MakerDAO is a decentralized autonomous organization built on the Ethereum blockchain that has created a stablecoin called DAI. DAI is a unique stablecoin because it is not backed by a fiat currency or commodity, but instead b...