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.


Where Should I Store My Maker Token?

24 Jul 2021 2 minute read 5 comments ChangeNOW

Maker is the governance token for the MakerDAO project, a cryptocurrency lending service on the Ethereum blockchain. Although the token simply gives its holders the right to vote on the protocol changes, it quickly became the means of investment and...

Maker (MKR) Is Printing Money! And Not Just Dai!

3 Aug 2021 5 minute read 0 comments Michael @ CryptoEQ

  Economics Maker (MKR) is the governance token of the MakerDAO and Maker Protocol— a DAO and a software platform, respectively. Both are based on the Ethereum blockchain— which allows users to issue and manage the Dai stablecoin. Initially conce...

Maker (MKR) Has Been Unseated as the Top DeFi Project... But Is It As Strong as Ever?!

28 Jun 2021 6 minute read 0 comments Michael @ CryptoEQ

    Maker Strengths Maker is one of the first DeFi projects and still currently boasts one of the highest total value “locked” (TVL) in a DeFi application at ~$6.5 billion. DAI is the leading decentralized, permissionless, trustless stablec...

DeFi Governance Weekly: Celo considers Carbon Credits

23 Jul 2021 3 minute read 0 comments Pinotio.com

Get weekly governance updates by subscribing at Pinotio.com Summary: Celo governance considers adding MCO2 carbon credits to its reserve. MakerDAO forum gets philosophical on the meaning of a DAO Uniswap consensus check indicates desire to keep dele...

All you need to know about - Stablecoins

20 Jul 2021 8 minute read 4 comments Mishal Alexander

Have you ever wondered why on earth would the world need stablecoins when we have got PayPal or Venmo or GooglePay? Me too. So I looked into it, read about it and I have some interesting knowledge which I believe is useful to you as well. In this pos...

Yearn Finance Vaults Explained

2 Jun 2021 3 minute read 3 comments RelyOnCrypto

Before we get started, if you're new to Yearn Finance and need a recap, check out my previous article here.   Yearn vaults are funds that are pooled together with a plan for maximizing the value of the asset in the vault. Vault strategies are more ac...

Equilibrium Supports MakerDAO’s DAI

21 Jul 2021 1 minute read 1 comment Equilibrium

Equilibrium is proud to announce our newly launched support for DAI, the major stablecoin by MakerDAO. Once Equilibrium enters production, DAI will play an important role in the further development of our platform. There are several reasons behind th...

Ethereum based DeFi and Smart Contracts Empowering Ethereum

7 Jun 2021 1 minute read 9 comments Defiant Pathfinder

There is no doubt that Ethereum has become the biggest crypto currency now. Bitcoin might be on top and dominates more than Ethereum but if we are to look at services being provided then Ethereum will win. Bitcoin is just used as a currency but Ether...

Time to BUY ! Coins showing bullish divergences $$$

18 Jun 2021 1 minute read 0 comments F Sharp

Bitcoin Bitcoin is finding support for now. Flashing some reversal signals for the short term. I'm currently long now and adding, in case we hit my 36k targets. Ethereum I'm buying long term in the 2200's & below. My Eth contract trade- I'm building...

DeFi Portfolio Update 3Q2021

3 Jul 2021 4 minute read 3 comments Pinotio.com

Summary: Holdings are now HNT, CELO, AAVE, UNI, CRV, MKR, FLX, YFI - on a roughly even split. I sold all FARM that I had been holding for six months, and instead took a position in Yearn Finance (YFI). I'm earning HNT from a hotspot I have and t...