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.


Summary of the top 50 coins

4 Sep 2021 11 minute read 67 comments Austras

Here I'll summarize and go over the main use cases and how these coins/tokens operate. I did the effort of digging through info to summarize them so you don't have to. But do DYOR if you plan on investing any of these coins/tokens. Top 51-100 coins h...

What is Maker (MKR)? And Should You Invest In It?

24 Aug 2021 4 minute read 1 comment MintDice.com

In the cryptocurrency world, there are so many alt coins that it is simply impossible to invest in them all. This means you need to pick and choose your investments carefully. Especially when it comes to alt coins because many of them can actually b...

DeFi Governance Weekly. Grant Debacles on Uniswap

20 Aug 2021 4 minute read 2 comments Pinotio.com

Plus Surplus Buffers, Preventing Governance Attacks, and Vitalik Challenges How DAOs vote Grant Debacles on Uniswap Blockchain protocols often reserve a portion of their governance tokens for community grants to help grow the protocol. Uniswap an...

The Importance of Decentralized Stablecoins: The Maker Protocol and the Terra Blockchain

18 Aug 2021 4 minute read 2 comments 2sats

*obligatory not financial advice* What are Stablecoins? A stablecoin is a token that is pegged to the value of a fiat currency and has the same price as its fiat counterpart. Essentially a stablecoin that is pegged to the US dollar is a tokenized dol...

Stable Coin Yield Strategy for DeFi on Polygon (Beginners - Intermediate)

18 Aug 2021 2 minute read 2 comments YJN58

Terms like "Price impact", "slippage", "impermanent loss", "rug pulls" etc may be daunting and overwhelming for beginners. The extremely composable nature of the space may also be frightening as users can create and execute yield generating strategie...

SPLINTERLAND : WHY IM GETTING HOOK ABOUT IT

16 Aug 2021 2 minute read 2 comments Dnomad

SPLINTERLAND : WHY IM GETTING HOOK ABOUT IT      A t the beginning I thought it is quite difficult but once you get going you will going to enjoy it. Give a day or two day you will definitely recommend it. Off course at the beginning it looks complic...

Maker in focus, the stablecoin to rule them all.

12 Aug 2021 3 minute read 2 comments Austras

MAKER is paired with different coin, DAI which is pegged to the usd with a 1:1 value. Maker is the governance token for the plattform allowing holders to vote for changes made to the ecosystem and the smart contracts affecting the Dai token. Backgrou...

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...

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...

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...