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.

Digital Art NFT #4 Fountain of Liquid Light

4 Jan 2021 1 minute read 0 comments Look@MyFace

Time birthed from the mouth of God.From the beginning, time has shined over the face of the deep. The high resolution video is for sell and viewable by visiting my Storefront Lower version may be viewed at LRBY If you like my work, consider leaving a...

Digital Art NFT #3 Eclipse

2 Jan 2021 1 minute read 0 comments Look@MyFace

It has been said that the sun stood still for a day.No day has ever been like it.It is as if time it self stood still for just a moment. The high resolution video is for sell and viewable by visiting my Storefront Lower version may be viewed at LRBY...

Earn free MKR on Coinbase

5 Oct 2020 1 minute read 0 comments New Age Wealth

Coinbase adds MakerDAO's governance token MKR to the growing list of cryptos offered through the Coinbase Earn Program. New and existing users can earn up to $6 in MKR by watching videos which will teach you about MakerDAO and answering a few questio...

Coinbase Earn $6 - Learn Maker. Earn Maker. Questions and Answers!

2 Oct 2020 1 minute read 0 comments Nevsie

As everyone knows, and for those who have completed the earlier Coinbase Earn tutorials - the process follows a simple path. Watch a video, answer a question, get your reward. The Maker Dao tutorial follows the exact same path and in the below you ca...

Coinbase adds MakerDao to Earn Rewards

30 Sep 2020 1 minute read 0 comments The Crypto Oracle

Coinbase has recently added MakerDao to its earn rewards learning section. You can earn $6 in MKR for watching 3 videos and answering a short quiz. MKR is a stablecoin so there isn't much reason to hold it, so I plan to convert my $6 to Hive.   The C...

PoolTogether. No Loss Lottery on Ethereum = FUN

12 Apr 2020 1 minute read 1 comment CryptoGremlin

No Loss Lottery on Ethereum 1 ticket = 1 DAI All tickets are pooled in smart contract Interest is given to one lucky ticket holder $DAI returned to everyone else, no losers FUN!   I'm trying to get to 1 DAI to enter. I'm currently...

A Quick Review Of Maker Project

14 Aug 2019 3 minute read 0 comments Rumi

Whаt іѕ Maker DAO? Maker DAO іѕ а protocol bеhіnd thе stable coin DAI — a cryptocurrency thаt maintains а 1:1 peg tо thе USD. Thіnk оf 1 DAI аѕ $1. Whаt mаkеѕ іt unique іѕ еасh DAI іѕ backed bу Ether іnѕtеаd оf а 3rd party claiming tо hаvе thе requ...