Maker DAO (MKR) News, Price Predictions, Opinions and Analyses Created by Users

Maker DAO (MKR)

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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.

Executive Vote: Lower the USDC-A Liquidation Ratio and Approve a New Gitcoin Light Feed Key

30 Jul 2020 1 minute read 3 comments MakerDAO

The Maker Foundation Governance Facilitator has placed an Executive Vote into the voting system, which will enable the community to lower the USDC-A Liquidation ratio and approve a new Gitcoin light feed key: Lower the USDC-A Liquidation Ratio to 11...

Get rewarded to Hodl DAI on Coinbase Crypto exchange.

30 Jul 2020 1 minute read 2 comments alberdioni8406

The American based Crypto exchange Coinbase will start rewarding the users who hodl the decentralized stablecoin DAI on their accounts and with that earn up to 2% per annum. The MakerDAO stablecoin DAI rates from Coinbase rewards to earn, is subject...

MakerDAO the First Protocol To Reach $1B TVL

27 Jul 2020 1 minute read 1 comment Abhimanyu Krishnan

MakerDAO has become the first DeFi protocol to reach a total locked in value of $1 billion, reaching the milestone on July 26, according to DeFi data platform DefiPulse. Maker’s dominance currently stands at 27.74% of the whole DeFi market. Source F...

MakerDAO new milestone: more than $1 billion in total assets value locked.

27 Jul 2020 1 minute read 0 comments alberdioni8406

The decentralized finances (DeFi) have taken the world by storm, with many protocols reaching milestones never achieved before, taken even the main asset of the Ethereum network (ETH) to reach new all time high (ATH) in 2020, in $321 and climbing per...

Ampleforth Flips Maker, Becomes the Second Biggest DeFi Project on CoinMarketCap

27 Jul 2020 1 minute read 3 comments Abhimanyu Krishnan

Ampleforth (AMPL), the non dilutive asset with an elastic supply that has been making headlines in the DeFi market, has become the second biggest DeFi project on CoinMarketCap. Source Ampleforth overtakes Maker (MKR) and Compound (COMP), both of whi...

Binance Finally Lists MKR and DAI

25 Jul 2020 1 minute read 1 comment Zemiatin

Over the last period, with the huge growth of DeFi, Binance has received a lot of request for the listings of MKR and DAI. Just 2 days account, Binance has finally made the announcement that they will list the two tokens, creating trading pairs for...

Binance Lists MKR and DAI

24 Jul 2020 1 minute read 20 comments Abhimanyu Krishnan

Binance has listed the MKR and DAI tokens, according to an announcement made on July 23. The two assets will each be paired against Bitcoin (BTC), Binance Coin (BNB), Binance USD (BUSD) and Tether (USDT). A Binance spokesperson said that the exchange...

Crazy DeFi Boom: Binance lists Maker (MKR) and DAI stablecoin.

24 Jul 2020 1 minute read 6 comments alberdioni8406

The moment of boom on the decentralized finances (DeFi), took the largest crypto exchange by volume transactions of the world Binance to list the governance token from MakerDAO, the Maker (MKR) also the decentralized stablecoin DAI. That was inevitab...

Binance moves towards DeFi: integrates DAI and MAKER while its Blockchain adds Chainlink oracles | July 23rd

23 Jul 2020 2 minute read 1 comment CryptoTrips

Binance announced the integration of the MakerDAO project governance token, Maker (MKR) and its decentralized stablecoin DAI. The initiative appears to be a step towards the decentralized finance ecosystem (DeFi) by Binance, which has also announced...

Race for value on Ethereum | How ERC-20 tokens have passed ETH

22 Jul 2020 1 minute read 0 comments NassiroV

Image Source Ethereum is the second cryptocurrency on the market in terms of capitalization. It is also the most widely used smart contract platform in the world. The valuation of digital tokens issued on its blockchain is now higher than that of Et...