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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.
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...
7 Mar 2019 3 minute read 8 comments jeffthebaker
The potential applications of cryptocurrency and blockchain tech are numerous, and as the space continues to grow, so to does the number of possibilities that are floated around. Naturally, some of these use cases are more legitimate and impactful th...
16 Mar 2023 1 minute read 0 comments Candlestick
💥 MakerDAO founder Rune Christensen bought 833.98 $MKR ($630.44K) at An Avg Buy Price of $755.9. MKR Smart Money Buy Orders Rune Christensen bought when MKR price dropped to $742. These tokens flowed to Governance Contract. 👉 Chasing Al...
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...
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...
30 Sep 2020 1 minute read 0 comments @captaincryptic
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...
