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.


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...

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...

Rare Batman NFT Digital Art Series was sold for 540 Ether

19 Oct 2020 2 minute read 1 comment martincanadese

NFTs will change the market for art workers forever, everybody knows that. Worldwide, more than $131 million worth of NFTs have been sold in the last few years, according to data from nonfungible.com. A five-piece collection of Batman digital art was...

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...

MKR Price Analysis 18 October 2020

18 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...

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...

Introducing the New Publish0x Tipping Model

11 Jul 2019 4 minute read 28 comments Igor Tomić

Hi Publish0x community, This is a quick update to let you know that we've introduced a new tipping model. In the last few months all tips gave out two tokens. Right now, you will always earn a tip in a single token. There is a chance to earn a tip in...

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...

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...

MKR Price Analysis 13 October 2020

13 Oct 2020 1 minute read 2 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...