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

Maker DAO (MKR)

277 Articles 24,109 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.


What are Governance Tokens and how do they operate?

26 May 2021 2 minute read 3 comments Defiant Pathfinder

Hi fellas hope i find you well, and for those who are new to my Blog welcome. In this article i am going to explain what are governance token and how they are used. What are Governance Tokens? These are coins created by the developers of a certain pr...

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25 May 2021 4 minute read 2 comments koekwaus

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21 May 2021 1 minute read 12 comments Havall✨

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Everything You Didn't Know About The Daomaker LaunchPad? Can You Join Its SHO Without $DAO?

21 May 2021 2 minute read 1 comment surpassinggoogle

Everything You Didn't Know About The Daomaker LaunchPad? Can You Join Its IDO Without $DAO? #daomaker #polkastarter #ido Is DAOmaker better than polkastarter, bscstarter, bscpad, kickpad, duckstarter, poolz finance, paid network, cfi, yellow pad, cr...

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19 May 2021 1 minute read 4 comments Havall✨

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Top 3 Decentralized Finance Tokens to invest In

18 May 2021 1 minute read 0 comments Defiant Pathfinder

I have done a short research on a few DeFi token on my portfolio list so as to see which one are the most promising. I will try to be short and precise in this article so that i wont waste much of you precious time. For those who have been my followe...

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17 May 2021 1 minute read 2 comments Defiant Pathfinder

The DeFi is making headlines these days as we see new  tokens being introduced each and everyday. Numbers do not lie we can see that if we check the capitalization of all DeFi tokens. The current capitalization is $129,701,145,619 and this shows that...

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5 May 2021 2 minute read 24 comments Spitkitten

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4 May 2021 1 minute read 1 comment Defiant Pathfinder

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5 Tokens You should consider Investing In

3 May 2021 2 minute read 9 comments Defiant Pathfinder

I thought maybe my passion for analyzing financial market will just end there but well it never did. I have now developed so much luv for crypto currencies and now i spend most of my times analyzing the crypto assets finding the most promising to inv...