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.

E&S: MakerDAO, a locomotive for the Decentralized Finance (DeFi)

8 Nov 2020 5 minute read 12 comments MikeZillo

Welcome back to this second article dedicated to my new section: “Easy & Short. Cryptocurrencies made accessible ", created with the aim of introducing the reader to many tokens (often not under the spotlight) with valid projects, and facilitate thei...

Wall Street Trading Firm is accumulating Bitcoins & Alts

8 Nov 2020 1 minute read 4 comments ircrp

  One of the Wall Street's biggest high-frequency trading firm of Jump Trading with over 700 head count worldwide has been allegedly quietly accumulating on various Cryptocurrencies. The spotlight has been cast upon Jump Trading by a Messari Crypto r...

Switzerland (and Russia?) are getting closer to the crypto world

4 Nov 2020 2 minute read 7 comments Roberto D.

Gazprombank, a Swiss credit institution, part of the Russian bank Gazprom (third largest bank in Russia), has received the green light from the local authorities to be able to provide its cryptocurrency services to institutional clients. According to...

Full List of Maker's Collateral Tokens & Assets

3 Nov 2020 4 minute read 3 comments D3F1

MakerDAO is the governance body behind the DAI stablecoin. Users utilize the Maker protocol to take out loans in DAI by depositing collateral into the protocol. The mechanism behind the protocol is what ensures that the loans don’t default and leads...

NFTs will change Art Market forever: best Marketplaces to enter the revolution

2 Nov 2020 3 minute read 2 comments The Very Confused Martin Babalor

Non Fungible Tokens (NFTs) are the next big trend after the DeFi craze. They have been growing in popularity and impact in last months. NFTs can be  pretty much anything: art, collectible cards, services, game items, domains etc and , generally speak...

MakerDAO Votes to Add GUSD and PAXG as Collateral

2 Nov 2020 1 minute read 7 comments Abhimanyu Krishnan

On October 29, the MakerDAO governance community successfully passed two proposals on the addition of Gemini Dollar (GUSD) and PAX Gold (PAXG) as collateral. The two assets will now be put up for executive votes within the next 30 days. Voting for G...

E&S Token Review: Maker

1 Nov 2020 3 minute read 11 comments MikeZillo

MakerDAO could be the best tokens fusion on the crypto world? Well, let’s start! First of all give me a minute to introduce you my new format. So, what mean E&S? E&S mean: Easy and Short. Why did I choose to create this format? I chose to start this...

MKR Price Analysis 31 October 2020

31 Oct 2020 1 minute read 1 comment 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...

the dark side of DeFi investments - here is this year's history

30 Oct 2020 2 minute read 10 comments VNFC

hello again Like everybody knows, in 2020 we had only 3 major events in crypto with price implications: - 1. the dump ( 13 march) and then 2. the rebirth of BTC (from april until now) - 3. the DeFi and DEX projects explosion, with Liquidity Pools and...

Introducing the Redesigned, Easier-to-Use Maker Voting Portal

25 Oct 2020 3 minute read 7 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...