Maker DAO (MKR)

48 Articles 3 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.


Over 8M BAT locked in MakerDAO's Smart Contracts - What Does It Mean For Investors?

1 week ago 1 minute read MeinCrypto $7.47 tipped

Recently, the MakerDAO foundation announced that it had implemented a proposal that established ‘multi-collateral’ DAI, meaning that it is possible to have DAI tokens backed by collateral OTHER than ETH. This also resulted in the DAI that was backed...

What is the MakerDAO CDP?

8 Jun 2019 3 minute read Ethan Winter $3.06 tipped

The MakerDAO CDP is a financial instrument that has never existed before in the history of the world, save for governments themselves. CDP stands for Collateralized Debt Position, and is very similar to how a person with a mortgage could get a loan a...

Everything you need to know about MakerDao and Dai

1 Jun 2019 14 minute read Zoran Spirkovski $7.74 tipped

The MakerDao is a smart contract on the Ethereum blockchain representing a decentralized collateral-backed cryptocurrency (DAI - a stable coin following the value of the US dollar), providing collateral loans, and a community governance system. The p...

3 Crypto Projects with Burning Mechanism You Must Be Aware Of

2 weeks ago 7 minute read Adamic0 $8.22 tipped

When investing in cryptocurrency, one of the most important aspects that cannot be overlooked is the coin/token supply of the project. This metric is significant because it is closely correlated with price.  For instance, if a particular crypto has a...

What is Sai? (SAI) [A Comprehensive Guide to SAI]

2 weeks ago 7 minute read Mr.CryptoWiki $6.51 tipped

I’ve talked about all sorts of projects in the past few weeks. The big names like Bitcoin, Ethereum and Ripple, and many others. I’ve stressed the significance of certain niches and trends, such as cloud computing and the emergence of exchange tokens...

Multi-Collateral Dai Is Live - Here's How to Upgrade Sai

2 weeks ago 2 minute read The Part Time Economist $1.74 tipped

The new Multi-Collateral Dai just launched a few hours ago, and it is now possible to upgrade from your old Dai (Sai) to the new Multi-Collateral Dai (MCD) by visiting https://migrate.makerdao.com/. As promised in my previous article, I will show you...

DeFi Startup Compound Finance Raises $25 Million

2 weeks ago 1 minute read cryptoscity $0.03 tipped

According to DeFi Pulse, Compound has nearly $103 million worth of crypto locked up in its automated system, which can generate returns for users comparable to interest. Today’s announcement of the Series A follows Compound’s $8.2 million seed round...

Multi-Collateral Dai Starts Monday - Here's What You Need to Know

3 weeks ago 5 minute read The Part Time Economist $2.40 tipped

On the 18th of November, MakerDAO will be launching the new and improved Multi-Collateral DAI. For those of you who aren't familiar with Dai, it is one of the leading stable coins and is "minted" when users lock ETH into a collateralized debt positio...

Maker (MKR) Price Prediction 2020 - $2000 Possible?

4 weeks ago 7 minute read CryptoChartWizard91 $3.28 tipped

MKR has seen a relatively stable period of trading as it has remained trapped within a wide range between $800 and $300. The cryptocurrency is presently around 25% up from the 2019 opening price as it trades at around $580 (as of early November 2019)...

StakerDAO will build it’s tokens (STKR) on the newly developed GOV.1 token standard on Tezos.

2 Nov 2019 1 minute read Allen Walters $2.04 tipped

Inspired by the governance model of Tezos, StakerDAO is a newly launched platform for governing financial assets. It will manage DeFi application (Decentralized Finance) with the possibility for STKR holders, to vote through decentralized, on-chain g...

What Is Paxos Standard (PAX)? - [A Comprehensive Guide to Understanding PAX]

1 Nov 2019 6 minute read Mr.CryptoWiki $4.55 tipped

There are few patterns in the crypto market more noticeable in 2019 than that of stablecoins. Along with the tokenization of traditional assets, like real estate, the general trend has gone away from startups attempting to raise money quickly through...

What is Maker (MKR)? [A Comprehensive Guide to Understanding Maker]

27 Sep 2019 7 minute read Mr.CryptoWiki $6.97 tipped

Cryptocurrencies, in the classical sense of the word, are intended to be used as a means of payment. Take Bitcoin for example, in the Bitcoin whitepaper Satoshi Nakamoto called Bitcoin a peer-to-peer electronic cash system. Many other cryptocurrencie...

Infinity Start adopted DAI Stablecoin

5 Sep 2019 1 minute read egamersio $1.81 tipped

The new blockchain game, Infinity Star by Nodebrick announced a collaboration with MakerDao which will open up a lot of opportunities to both communities. Infinity Start adopted DAI stablecoin and they are also considering accepting DAI as a payment...