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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.
11 Jul 2019 4 minute read 42 comments ITofPub0x
NOTE: This post is out of date. Still, it is a part of Publish0x history. ;) Hi Publish0x community, This is a quick update to let you know that we've introduced a new tipping model. In the last few months all tips gave out two tokens. Right now, y...
10 Jul 2019 2 minute read 7 comments kevW!ls0n
So I think it’s pretty clear that by now investors who are really into the market should get into at least one stablecoin. A lot of people have chosen to go into Tether (WHY?), maybe because that’s the easiest or most noticeable option but c'mon, ser...
8 Jul 2019 1 minute read 1 comment Ed-california
It’s been an interesting week for cryptocurrencies, with the market going down a bit from its high last week. Things look stable. Stablecoins, of course, remain stable regardless, more or less. And I’m not talking about Tether, oh God no. I’m talki...
7 Jul 2019 2 minute read 2 comments kevW!ls0n
MKR and VET are my top coins of choice and I know I am not alone thinking these 2 projects are great! Split pretty even between them both - check them out in my portfolio below! Let me start by explaining why I have chosen these two projects to inve...
7 Jul 2019 1 minute read 0 comments Snow Under Sun
This is the 3rd post for providing some infos about crypto based fintechs. Click on my name to read to read other posts. Payments sector is really huge market and great potential for crypto fintech startups. Non-cash transactions include remittance...
6 Jul 2019 1 minute read 0 comments Snow Under Sun
ASEAN ( Association of South East Asian Nations ) is EU style union. here is some details and metrics ASEAN market profile and detailed overview about ASEAN fintechs. This data can be useful for cryptocurrency start-up who wants to penetrate ASEAN m...
4 Jul 2019 2 minute read 1 comment Cryptofivers
Many crypto enthusiasts might argue that the crypto verse is still young but not many people understand the right coins to stake on or keep in their wish list. Apart from Bitcoin, there are so many choices in the market and stablecoins popularity is...
4 Jul 2019 3 minute read 1 comment Chris Walker
I see a lot of posts on this site where people talk about the best altcoins. Everyone has their own opinion, don’t they? So do I :) I’m mostly in agreement with the tokens and projects that people are recommending for investment on this site. But I’...
3 Jul 2019 5 minute read 0 comments kevW!ls0n
It’s cool to HODL with Bitcoin and be assured that you will make money in the future, but if you want to make quicker shorter term and medium term gains, then altcoins are the way to go. And there’s definitely no shortage of altcoins in the market t...
28 Jun 2019 10 minute read 1 comment Roberto D.
In December 2017, the Maker company released their long awaited system for a decentralized "stablecoin", called Dai (DAI). A stablecoin, as the name suggests, is a currency whose value is (relatively) stable, therefore lacking the wide fluctuations t...
