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.


MKR/USDT Retail Market Structure: Q1 2021 so far

6 Mar 2021 1 minute read 0 comments idm

This post examines MKR/USDT retail price and volume movement from Jan-01 to Mar-05. MKR (Maker DAO) started the year trading just above 500 USDT. Moderate volume brought the price above 1000 USDT early in the second week of January. Also in the seco...

Double Your Crypto - Deposit Bonuses & Promotions

3 Mar 2021 1 minute read 6 comments Sp427

For gamblers that are looking to make a deposit either big or small, TrustDice.win offers three highly profitable promotions. These promotions will help give you a great boost if you have not deposited crypto before on the site. Even if you do not ha...

TrustDice.win Referrals - Earn 2x More BTC Daily

2 Mar 2021 1 minute read 3 comments Sp427

Among websites that were designed for crypto-based gambling, TrustDice.win has by far the best referral system. Easily, users can earn 50% of other user's faucets. All by either typing in their referral code or clicking their referral link. Displaye...

Maker (MKR) Price Is ALL OVER the Place the Last 3 Months! So, What's Going on Within the Project?!

1 Mar 2021 12 minute read 3 comments Michael @ CryptoEQ

Maker is one of the oldest and mosts successful DeFi projects built on Ethereum but often gets overlooked by newer, flashier projects. However, the price of the MKR token exploded the last couple months and has pulled back with the rest of the marke...

Most Fun and Profitable Game - Betfury.io

22 Feb 2021 1 minute read 2 comments Sp427

Bored of crash and dice? One of the unique features of Betfury.io is the numerous high quality games of all kinds. Through playing Betfury.io, I found a fun and profitable strategy in the game stairs. Stairs is an exciting game because of the randomn...

Best Gambling Strategy - Crash Edition

21 Feb 2021 1 minute read 7 comments Sp427

Crash gambling is one of the most popular forms of crypto-gambling. Watching the numbers rise and hoping it does not crash is a thrill that many enjoy. Through playing crash, specifically on TrustDice.win, I have learned a strategic way to profit off...

What Is Yield Farming?

15 Feb 2021 1 minute read 5 comments chris04

What is yield farming?Yield farming is a way to make money by holding cryptocurrency holdings. In summary, it means blocking cryptocurrencies for rewards. But is it the same as staking?In a sense, yield farming can be compared to staking as both stra...

What is DAO Maker and How Does it Work? | KuCoin Crypto Gem Observer

9 Feb 2021 2 minute read 2 comments KuCoin Blog

Venture capital has always been a daunting concept. It has long remained the work of large institutions that are largely undeterred by risk. It is no surprise then that a more democratic solution would come from the crypto world. DAO Maker has been c...

Governance Polls: Add Collateral Types, Set IAM Parameters, and more

9 Feb 2021 13 minute read 1 comment MakerDAO

The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the MakerDAO Risk Domain Team. The community can vote in this poll to express support or opposition to these polls on the voting portal. Poll: Add UNI-V2-UN...

Is MakerDAO best option to deposit your DAIS?

6 Feb 2021 1 minute read 0 comments Makingdigital

The MakerDAO platform has been with us long enough to know if it is worth getting into its ecosystem. I wanted to briefly comment on whether this is the best place to store our DAIs. From the Oasis app, we have the possibility to open a MakerDAO Vaul...