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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.
9 Jun 2019 4 minute read 10 comments daniejjimenez
The crypto space has been in constant movement this June, the last of this Q2 2019, in which the market has managed to consolidate and Bitcoin the main reference has been able to maintain high supports that have given confidence to the market in gen...
8 Jun 2019 3 minute read 2 comments Ethan Winter
The MakerDAO CDP is a financial instrument that has never existed before in the history of the world, save for governments themselves. CDP stands for Collateralized Debt Position, and is very similar to how a person with a mortgage could get a loan a...
5 Jun 2019 5 minute read 14 comments jwrandolph
We are in the midst of the longest crypto bull run since 2017. If you’re like me, you’re feeling good about the assets that you have going way up in value, and maybe, also feeling bad that you didn’t buy more a month ago. Among all these coins that a...
3 Jun 2019 1 minute read 80 comments Dan Bainbridge
Today we are super excited to integrate our 3rd token for tipping - DAI . The eth based stable coin created by the Maker DAO project smart contract. It's important to note that this is NOT a "sponsorship". We haven't taken any payment from MakerDAO o...
1 Jun 2019 14 minute read 341 comments Zoran Spirkovski
The MakerDao is a smart contract on the Ethereum blockchain representing a decentralized collateral-backed cryptocurrency (DAI - a stable coin following the value of the US dollar), providing collateral loans, and a community governance system. The p...
2 May 2019 4 minute read 8 comments fycee
I am in great search of cryptocurrencies that has a really low supply because chances are, these kind of digital assets could reach their highest values ever, in USD in a short period of time. Maker (MKR) was introduced to the market last January 201...
30 Mar 2019 9 minute read 3 comments Alexander Niski
Humans have been borrowing things from each other for a long time. We’ve spent the majority of our evolution--some 70,000 years--in tribes of 100-200 members, so borrowing most likely took place using the IOU method that we still use today between fa...
21 Mar 2019 2 minute read 0 comments Alidervash
The DAI stablecoin looks set to double stability fees to 7.5% a year Despite three stability fee increases already taking place this year, it looks like the MakerDAO (MKR) project is still pushing for more rate hikes as it looks to stabilise the sup...
15 Mar 2019 2 minute read 0 comments jeffthebaker
Following a vote in favor of a fee increase by MKR holders, the Maker stability fee was hiked to 3.5% last Friday. This increase reflects a 133% increase from the previous fee of 1.5%, and could indicate a hightened interest in MKR from speculators....
11 Mar 2019 2 minute read 2 comments jeffthebaker
Last post I wrote, I gave an introduction to Decentralized Autonomous Organizations with a special emphasis on MakerDAO (which is, in my opinion, the best DAO on the market). There was a lot of information crammed into that post, so below I will writ...
