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

Maker DAO (MKR)

245 Articles 11,290 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.


Tether x Ethereum

23 Nov 2020 1 minute read 6 comments Coincobra

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3D of Mining

19 Nov 2020 1 minute read 16 comments Coincobra

Start mining now FREE. Mining 3D First Dimension - SHA-256 is a critical computational hash function that uses video cards and high logical capacity computers to guarantee the security, authentication and operation of the entire Proof of Work system...

Making Maker: October 2020

14 Nov 2020 8 minute read 14 comments MakerDAO

Maker governance and community updates took center stage in October! The Maker Foundation’s Product team redesigned the Voting Portal to simplify proposal polling and voting, new governance Q&A sessions were announced, and the MakerDAO Community Dev...

Polkadot X Ethereum - Giant fight

13 Nov 2020 1 minute read 2 comments Coincobra

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BTC above $16,000 as the price steadily rises

13 Nov 2020 1 minute read 2 comments manilpwn

Today the price of Bitcoin has surpassed $16,000 US Dollars. This comes after several days of the price holding steadily above $15,000 US Dollars. The price of BTC right now is only $4000 less than what it was at it's all time high. The price has gon...

SUPER RUNNING COIN towards the next step

12 Nov 2020 1 minute read 1 comment Coincobra

Hello people. Do you know the crypto Super Running Coin (SRC)? It is crypto and based on the Ethereum Blockchain. For this reason, it provides security and reliability in financial transactions and can be traded at any time, by anyone and anywhere. M...

CIVIC TOKEN

10 Nov 2020 1 minute read 7 comments Coincobra

Cripto Civic is a wallet that has developed a system to protect and securely store your personal data and your Cryptocurrencies.In the year it was launched - 2017. It sold $ 33 million in tokens. Reaching, in the same year, approximately US $ 1 per...

E&S: MakerDAO, a locomotive for the Decentralized Finance (DeFi)

8 Nov 2020 5 minute read 12 comments MikeZillo

Welcome back to this second article dedicated to my new section: “Easy & Short. Cryptocurrencies made accessible ", created with the aim of introducing the reader to many tokens (often not under the spotlight) with valid projects, and facilitate thei...

Wall Street Trading Firm is accumulating Bitcoins & Alts

8 Nov 2020 1 minute read 4 comments ircrp

  One of the Wall Street's biggest high-frequency trading firm of Jump Trading with over 700 head count worldwide has been allegedly quietly accumulating on various Cryptocurrencies. The spotlight has been cast upon Jump Trading by a Messari Crypto r...

Switzerland (and Russia?) are getting closer to the crypto world

4 Nov 2020 2 minute read 7 comments Roberto D.

Gazprombank, a Swiss credit institution, part of the Russian bank Gazprom (third largest bank in Russia), has received the green light from the local authorities to be able to provide its cryptocurrency services to institutional clients. According to...