Maker DAO (MKR) News, Price Predictions, Opinions and Analyses Created by Users

Maker DAO (MKR)

245 Articles 11,290 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.

Maker Considering Adding Gemini and Binance USD as Collateral

1 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

The governance community of decentralized credit protocol Maker will undertake a final vote on whether to approve Gemini USD and Binance USD as collateral on the platform, after an initial vote took place on August 17. An initial vote to check the f...

What is a DAO? How Vitalik Buterin Will Change It

31 Aug 2020 5 minute read 1 comment

Investment has always been a significant part of the financial ecosystem, even with the looming risk of money loss. From Wall Street to Silicon Valley, investors flock in every single day to stake various sums of money with hopes of getting high retu...

DeFi Tops $7B

27 Aug 2020 1 minute read 1 comment Abhimanyu Krishnan

The Total Value Locked in (TVL) in the DeFi space has crossed $7 billion on August 27, showing no signs of stopping as several new protocols, data aggregators and yield farming platforms emerge. Already experiencing healthy growth in early 2020, the...

Aave dethroned MakerDAO in Total Value Locked with more than $1.44B available for Lending.

26 Aug 2020 1 minute read 0 comments alberdioni8406

Aave protocol have dethroned MakerDAO in Total Value Locked (TVL) in funds from customers for borrow and lending purposes. Accordingly with data supplied by DeFi Pulse the protocol have more than $1.44B locked in assets and is the second protocol...

Aave Now Has the Highest TVL, Almost Tripling Since the Start of August

25 Aug 2020 1 minute read 0 comments Abhimanyu Krishnan

Decentralized lending and borrowing platform Aave (LEND) has nearly tripled the total value locked in the protocol since the start of August, according to DeFi data platform from DeFiPulse. Aave has overtaken Maker in terms of the total value locked...

Earn Bitcoin and Ethereum for your Original Crypto Art on

24 Aug 2020 1 minute read 3 comments OG Crypto

If you are trying to earn NFT and Ethereum for your Artwork on the many NFT Art Web sites including Makersplace and RareArt but are not selling much I have found a better way.  Blurt: https://www.Blurt.World  Share your Original Digital Art work on B...

BAT token is pumping and why isn't a surprise!

21 Aug 2020 1 minute read 6 comments alberdioni8406

I am a BAT fan and for the ones who actually read my Articles have seen that, and I am just a regular fan but also a believer on the ecosystem behind  BAT, the Brave Browser. Recently the asset value is seeing an ascending move confirming the good mo...

DeFi boom: what could you do with $6B.

20 Aug 2020 1 minute read 0 comments alberdioni8406

DeFi have been taking the world by storm, news all over the crypto space are talking about this kind of finances in the format of smart contracts which have in total value  locked (TVL) ascending to $6 billions. That value can sound just a number but...

DeFi May Be Overestimated by Nearly 3 billion

19 Aug 2020 1 minute read 1 comment Abhimanyu Krishnan

The DeFi market’s locked in value might be inflated by nearly $3 billion, according to Encode Club founder Damir Bandalo. In a tweet posted on August 17, Bandalo said that he had calculated how much was locked in protocols and found a disparity. Ban...

Huobi Launches Global DeFi Alliance for Protocol and Communication Standards

18 Aug 2020 1 minute read 1 comment Abhimanyu Krishnan

Huobi has launched the Global DeFi Alliance via its DeFi division, as announced in a press release published on August 17. The alliance is a consortium of DeFi entities with the agenda of best practices and overall development. Goal of the alliance...