Maker DAO (MKR)

425 Articles 64,004 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.


The Next Big Crypto Hack - Curve Finance Hack May Just Be the Tip of the Iceberg

10 Aug 2023 1 minute read 6 comments Cryptofab

This article was first published on Medium. The recent hack of Curve Finance was a major wake-up call for the crypto community. Not only did it result in the loss of $62 million, but it also exposed a vulnerability in the programming language Vyper....

MakerDAO Goes Full Throttle On DAI Savings Rate

10 Aug 2023 3 minute read 0 comments Arhat

Thoughts on MakerDAO's DSR & EDSR.   Been looking at the EDSR since it was activated a few days ago, and it seems like it's working.     The DAI Savings Rate (DSR) is a feature of MakerDAO that allows users to earn interest by locking their DAI into...

“War on privacy”: MakerDAO blocks VPN users to cut off US residents

7 Aug 2023 2 minute read 0 comments Coinpaper

MakerDAO bans VPN use to steer clear of legal trouble with the US government, triggering criticism from the crypto community. MakerDAO sparked a backlash from the crypto community with its VPN ban. In terms of service for Spark Protocol, its new lend...

Ever heard of Honeygain?

7 Aug 2023 1 minute read 3 comments Louky

Hey, my incredible crypto crew! 💸Thanks for hanging in there with me.  I've got a sweet deal for you! 🍯🐝 Ever heard of Honeygain? It's an awesome platform that lets you earn some extra crypto just by sharing your unused internet bandwidth. Sounds...

Is Maker Shifting Away from Dai and Primarily Into RWAs?

27 Jul 2023 3 minute read 2 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...

Maker Cryptocurrency (MKR) Analysis

15 Jul 2023 1 minute read 0 comments Ayman Crypto

Hello to everyone, & congratulation to all followers who trust our analysis (MKR) done it well as we predicted in the last article which was on >>> 11 Jun 2023 (support area) >> (very risky) is not advisable for beginners as we mentioned in the last...

DeFi Heavy Weights Are Pumping! Do They Make Sense in an Average Crypto Portfolio?

15 Jul 2023 5 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...

Aave's Stablecoin, GHO, Is Primed For Launch! Will It Outcompete DAI?

12 Jul 2023 5 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...

What Can Go Wrong? MakerDAO, RWAs, and USDC

11 Jul 2023 3 minute read 2 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...

Liquidations 101

6 Jul 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...