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.

Ampleforth Token as a Collateral at MakerDAO?

21 Jul 2020 6 minute read 1 comment Chenhuang_defi

Ampleforth is the hottest thing in these crypto streets right now. In early June 2020, it was beyond #350 on coinmarketcap, and today we can welcome it into the top 50 ranked cryptocurrency projects as it reached above $250 million market cap value....

Data, the new black gold - A renovated oracle for MakerDAO

15 Jul 2020 1 minute read 0 comments NassiroV

Image Source Decentralized finance continues to innovate. However, it remains sensitive to problems relating to Oracles. To remedy this, MakerDAO has expanded the source of its Oracle data, with the addition of 4 new recognized sources. Back to the...

MakerDAO Approves 4 New Light Feeds For Oracles

13 Jul 2020 3 minute read 0 comments MakerDAO

  MakerDAO’s Oracles and Feeds bridge the Maker Protocol and world markets. Oracles are specific smart contracts within the Protocol; Feeds are actors that submit price data to the Oracles. That price data is then read by Keepers, who trigger liquid...

10 FREE Octopus Items You can 3D Print

12 Jul 2020 1 minute read 0 comments DawnOctopus

  If you love octopus you need to check out these 10 FREE .STL files from Thingiverse.    There are thousands of free 3D printable models out there, today we are going to focus on octopus. All of these models are free and available on Thingiverse fo...

$ 2 billion | Nothing seems to be able to stop decentralized finance (Defi)!

12 Jul 2020 1 minute read 1 comment NassiroV

Image Source Unstoppable - The decentralized finance ecosystem has just passed a new symbolic milestone. In fact, the total funds involved in the DeFi protocol have just passed the $ 2 billion mark. The crazy train is running: + 100% in 35 days The...

MakerDAO explodes 700% ethers debt ceiling

12 Jul 2020 1 minute read 0 comments NassiroV

Image Source MakerDAO is the DeFi ecosystem protocol behind stablecoin DAI. The governance facilitator of the Maker Foundation has just increased the debt ceiling in ETH to 160 million. And this, bypassing the usual governance protocol. 700% increas...

How Compound beat MakerDAO in just one day and became the leader in the DeFi market

7 Jul 2020 8 minute read 1 comment Kluma

DeFi remains a source of fast financial ups, but also the same fast falls. Previously, the MakerDAO project was the main driver of this market. However, in a short time he was overtaken by a competitor in the person of Compound. As a result, the capi...

7 Projects That Are Building the Infrastructure for Emerging DeFi

6 Jul 2020 6 minute read 7 comments Brawnd0

The Ethereum project has positioned itself as the hotbed for the decentralized finance services. Defi, as these services are commonly called, has become a cornerstone of the cryptocurrency market. The primary application of the many protocols that fo...

Market Surprises as There is Now More DAI in Compound than Its Total Supply

6 Jul 2020 1 minute read 3 comments Abhimanyu Krishnan

The amount of DAI on-chain has been eclipsed by the amount of DAI locked in the Compound Finance (COMP) protocol. Dan Yanev, COO of the DeversiFi exchange, pointed out the interesting development on Twitter on July 3, which can be confirmed by taking...

ZRX/BTC 0x, price prediction 03072020 BearTrader

3 Jul 2020 1 minute read 3 comments deleted000031

When I've read those articles: