Maker DAO (MKR)

425 Articles 63,646 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 Cryptocurrency (MKR) Analysis

11 Oct 2023 1 minute read 0 comments Ayman Crypto

Hello to everyone, & great congratulations to all followers who trust our analysis (MKR) done well as we predicted in the last article which  was on >>> 15 July 2023 > 11 June 2023 > which means good luck depends on our personal Vision which could be...

Replacing Banks

4 Oct 2023 2 minute read 1 comment OfTheFreeMarket

“I believe in decentralized management that includes a lot of delegation, empowerment, and accountability.” -Anthony Scaramucci  MakerDao was started as one of the very first decentralized finance projects on the Ethereum network. This project has...

🌕Crypto.com Forms Strategic Alliance with PayPal to Emerge as the Premier Exchange for PYUSD

29 Sep 2023 1 minute read 8 comments Selena Rose

    🌕In a significant development, Crypto.com, a prominent digital asset exchange, has forged a strategic partnership with a global payments giant, solidifying its position as the preferred exchange for the newly introduced PayPal USD (PYUSD) stabl...

Why Maker (MKR) grew by 160% in 2023

22 Sep 2023 1 minute read 2 comments Stormgain

MKR is a management token on the decentralised Maker platform. Its holders can either make suggestions on changes to the ecosystem or vote for innovations by sending coins. The main product of DAO Maker is the DAI stablecoin, launched in 2017 and peg...

Explaining MakerDAO Acronyms: DSR, TRFM, and PSM

18 Sep 2023 4 minute read 3 comments Michael @ CryptoEQ

You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $20/month you can upgrade to our FULL library of 50+ reports (including this one) and complete industry-leading ana...

MakerDAO Sees Significant Increase in Revenue as it Focuses on Real-World Assets

7 Sep 2023 1 minute read 0 comments COINTURK NEWS

The DeFi world has experienced a notable slowdown in recent months, with decreased interest and activity across the sector. However, MakerDAO, one of the leading players in the DeFi space, seems poised for a significant increase in earnings. MakerDAO...

Cryptocurrencies To Watch This Week As The Market Decides A Reasonable Direction

4 Sep 2023 4 minute read 3 comments Rubikkav

Last week, Bitcoin covered a 10.2% range before closing the week near $25,975 - about 0.5% lower than the week's opening price. The altcoin marketcap dropped with Bitcoin, falling from $544 billion to $537 billion.  Keep an eye on these coins w...

Maker RWAs and DAI: Match Made in Heaven?

4 Sep 2023 4 minute read 1 comment Michael @ CryptoEQ

You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $20/month you can upgrade to our FULL library of 50+ reports (including this one) and complete industry-leading ana...

Weekly Star Summary Of The Most Important Scientific Data For The Cryptocurrency Market Compilation

26 Aug 2023 4 minute read 3 comments Rubikkav

We continue to tell scientific stories that can provide our subscribers with a different way of analyzing the cryptocurrency market outside of the normal pattern of traditional technical analysis. Since not everything is a trend, and just as Bitc...

Musings in MakerDAO: EDSR and the End Game

12 Aug 2023 3 minute read 0 comments Michael @ CryptoEQ

You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $20/month you can upgrade to our FULL library of 50+ reports (including this one) and complete industry-leading ana...