Maker DAO (MKR)

353 Articles 44,050 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.


Is there hope for Celsius's customers to receive their deposits back anytime soon?

26 Jul 2022 3 minute read 5 comments Greenchic

There was hope of Celsius’s solvency with it’s recent closure of debt positions in various DEFI protocols Last week I narrated my escape from getting my cryptos stuck in Celsius which you can read here. Relief that my precious cryptos were not loc...

Proof of Reserves, Uniswap V3 Exceeds Expectations and Aave's Meetup

7 Jun 2022 1 minute read 0 comments InsideCrypto

Hey DFI(Defi) people… How are you holding up? We had another temporary bump in the price this week which lulled a lot of people into a sense of safety. Please becareful! This is the seventh episode of our Defi focused segment of the Inside Crypto pod...

What is a DAO in Crypto?

7 Jun 2022 3 minute read 2 comments GetBlock

The ‘DAO’ is a concept based on blockchain technology, which eliminates the need for a central governing authority. Recently, DAOs have been getting quite a lot of attention from developers. Let’s try to explain what having a DAO means in the crypto...

With Luna and UST D-E-D, Where Does Maker (MKR) Go from Here??

12 May 2022 5 minute read 2 comments Michael @ CryptoEQ

If you want more cryptocurrency analysis including full-length research reports, trading signals, and social media sentiment analysis, use the code "Publish0x" when subscribing to CryptoEQ.io to make your first month of CryptoEQ just $10! Or simply...

Who can explain the difference between Luna-UST and the Maker-Dai project?

12 May 2022 1 minute read 1 comment Lazy Bear

Both projects have a similar principle, both have a coin that connects the two projects and thereby supports the stablecoin. But UST collapsed, and Dai did not. Luna has lost 95% of its value, and Maker has even increased in price? I understand that...

Terra and Do Kwon just made it a lot harder for upcoming crypto projects and that may be a good thing

12 May 2022 2 minute read 2 comments Kovichni

I wanted to stay quiet on this one since it's obviously already massive news and because I personally never got into this whole Luna thing or stablecoins in general, let alone one that was algorithmic based and appeared just over two years ago. Oh, a...

With Terra (UST) De-peg Drama, Is the Natural Safe Haven Maker (MKR) and DAI?

10 May 2022 4 minute read 3 comments Michael @ CryptoEQ

  If you want more cryptocurrency analysis including full-length research reports, trading signals, and social media sentiment analysis, use the code "Publish0x" when subscribing to CryptoEQ.io to make your first month of CryptoEQ just $10! Or simpl...

Starting a DAO: The Basics

4 May 2022 9 minute read 9 comments Zacharias

If you’re at all invested in the Web3 space, you’ve doubtless come across the concept of DAOs, and are perhaps even interested in starting one yourself. The good news is that establishing a DAO is a relatively quick affair, with numerous solutions al...

Overview of MakerDAO: DeFi, DAI & Declining Economics

3 May 2022 4 minute read 0 comments Zacharias

  2 May 2022: One of the largest dAPPs and the first decentralized finance (DeFi) applications to earn widespread adoption, MakerDAO is an open-source Decentralized Autonomous Organization (DAO) that runs on the Ethereum blockchain. MakerDAO has rece...

UNI, BNB, LUNA and Maker | Chart Analysis | It's going To Break or Not? | 26 APR

26 Apr 2022 1 minute read 1 comment Joao16

For more content like this tip me if you can! thank u :)   LUNA Analysis LUNA is holding above EMA56 and is trying to break above 100$ if it does that then we could have the continuation of the bull market, but if otherwise it can't break then it's t...