Maker DAO (MKR)

439 Articles 69,655 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.


Maker Cryptocurrency (MKR) Analysis

15 Jul 2023 1 minute read 0 comments Ayman Crypto

Hello to everyone, & congratulation to all followers who trust our analysis (MKR) done it well as we predicted in the last article which was on >>> 11 Jun 2023 (support area) >> (very risky) is not advisable for beginners as we mentioned in the last...

DeFi Heavy Weights Are Pumping! Do They Make Sense in an Average Crypto Portfolio?

15 Jul 2023 5 minute read 0 comments Michael @ CryptoEQ

You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $20/month you can upgrade to our FULL library of 50+ reports (including this one) and complete industry-leading ana...

Aave's Stablecoin, GHO, Is Primed For Launch! Will It Outcompete DAI?

12 Jul 2023 5 minute read 0 comments Michael @ CryptoEQ

You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $20/month you can upgrade to our FULL library of 50+ reports (including this one) and complete industry-leading ana...

What Can Go Wrong? MakerDAO, RWAs, and USDC

11 Jul 2023 3 minute read 2 comments Michael @ CryptoEQ

You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $20/month you can upgrade to our FULL library of 50+ reports (including this one) and complete industry-leading ana...

Liquidations 101

6 Jul 2023 4 minute read 1 comment Michael @ CryptoEQ

You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $20/month you can upgrade to our FULL library of 50+ reports (including this one) and complete industry-leading ana...

Using CDPs To Your Advantage In the Next Bull Run!

28 Jun 2023 5 minute read 0 comments Michael @ CryptoEQ

You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $20/month you can upgrade to our FULL library of 50+ reports (including this one) and complete industry-leading ana...

Unlocking the Secrets: Multisig Wallets Exposed in DeFi Jungle

18 Jun 2023 1 minute read 1 comment Louky

Yo, peeps! Let's dive into the wild world of multisig wallets on the Ethereum blockchain. We gotta talk about some cool protocols like MakerDAO Oasis, Uniswap, Compound, and Aave, and how they handle their funds. Brace yourselves! So, MakerDAO Oasis,...

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12 Jun 2023 2 minute read 1 comment Louky

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Maker Cryptocurrency (MKR) Analysis

11 Jun 2023 1 minute read 0 comments Ayman Crypto

Maker Cryptocurrency (MKR) has been back yesterday at the old lower strong support area which at $ 511.00 to jump today at the area of $ 611.00 to give Expert traders (especially - Future traders) great profits chance achievements, who do not blink t...

MakerDAOs Proposal to Boost DAI Demand & Stability

5 Jun 2023 1 minute read 0 comments Arhat

MakerDAO proposes to boost DAI demand & stability with parameter changes. Is this the game plan to strengthen $DAI when $crvUSD launches? Understand in simple terms. Details below: This proposal is to change some parameters of the Maker protocol, w...