Maker DAO (MKR)

430 Articles 67,250 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.

TOP Things You Should Know About MakerDAO, DAI & SAI

18 Jan 2020 20 minute read 29 comments MuyAsk

Hey people :) There goes my second post, this time on MakerDAO's ecosystem. In case you have missed my previous post on BAT & Brave, you can read it here. Enjoy! 1. What is Maker MKR? Maker (MKR) is the utility token used primarily for governance and...

CHAI: An Interest Bearing Meta-Stablecoin (Dai + Interest + Spendable + Gasless)

17 Jan 2020 4 minute read 8 comments rhyzom

CHAI is an ERC-20 which wraps DAI + Maker's Dai Savings Rate (DSR). DSR is a newly added feature that came with Multi-Collateral Dai (MCD) and constitutes a mechanism for the Maker DAO to have some control on the demand side of the supply and demand...

MakerDAO continues to strengthen the DeFi space

5 Jan 2020 3 minute read 6 comments fklivestolearn

A look at its flagship Dai stable coin as it heads for a protocol upgrade   The stable coins have come a long way from just being a digital equivalent of fiat currencies. Innovation continues to drive the Cryptoverse and it is no more evident than in...

Former MakerDAO contributor Donates $1.38 Million for research in DeFi.

4 Jan 2020 1 minute read 0 comments alberdioni8406

MakerDAO former contributor Nikolai Mushegian donated $1.38 Millions in MKR tokens (3200 MKR) To the Carnegie Mellon University (CMU),where the amount will be used to set up research in DeFi protocols and Descentralized DApps. Mushegian also compromi...

Maker Foundation is transferring the Trademarks and IP to an Independent Foundation.

1 Jan 2020 1 minute read 0 comments alberdioni8406

The Maker and DAI Trademarks,also the Software IP, will be transferred to an Independent Foundation based in Denmark called DAI Foundation. The news was released by the Maker Foundation blog and the purpose of the Transfer is to protect what can't b...

Is Maker (MKR) a Good Investment? In-depth Analysis and Near to Longer-Term Expectations

20 Dec 2019 6 minute read 2 comments CryptoBoomer

In Blockchain Capital’s 2019 State of Crypto report (for which there are no sources yet), Decentralized Finance (DeFi) is growing at an exponential rate and is a focal point for investment - according to Decrypt anyway, which has reportedly seen the...

MakerDAO Foundation receives $27.5 Million to Expand into ASIA.

20 Dec 2019 1 minute read 1 comment alberdioni8406

MakerDAO is the Platform behind the DAI stablecoin that recently partnered with OKEx to offer  users the opportunity to make dividends from the DAI savings rates up to 4% for each deposit in DAI asset, allocated to the project. The MakerDAO Ecosystem...

Three Awesome Things You Can Do with AdEx and DeFi

18 Dec 2019 4 minute read 4 comments dmngdsm

2019 is near its end and it’s safe to say that the rise of decentralised finance is one of the most interesting things that happened in the Ethereum ecosystem: DAI debt surpassed 100M yesterday with 30% of it locked in DeFi Multi-Collateral Dai (MC...

Over 8M BAT locked in MakerDAO's Smart Contracts - What Does It Mean For Investors?

27 Nov 2019 1 minute read 7 comments MeinCrypto

Recently, the MakerDAO foundation announced that it had implemented a proposal that established ‘multi-collateral’ DAI, meaning that it is possible to have DAI tokens backed by collateral OTHER than ETH. This also resulted in the DAI that was backed...

3 Crypto Projects with Burning Mechanism You Must Be Aware Of

20 Nov 2019 7 minute read 5 comments Adamic0

When investing in cryptocurrency, one of the most important aspects that cannot be overlooked is the coin/token supply of the project. This metric is significant because it is closely correlated with price.  For instance, if a particular crypto has a...