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.

Coinbase New Earn Alert // $6 Maker Dao (MKR) Released today

30 Sep 2020 1 minute read 0 comments Nevsie

All of the users here will already know Coinbase and their Earn program. I will not attempt to teach old dogs new tricks. This is simply a notification that the latest coin has been added to their earn program. Maker Dao (MKR) Another stablecoin defi...

Bitpanda added six new DeFi tokens + largest giveaway on Bitpanda yet!

29 Sep 2020 2 minute read 2 comments Jakonfire have added six new DeFi tokens! These six new DeFi token integrations are a great way to build a diversified cryptocurrency portfolio with more than 30 coins and tokens avaible at Bitpanda.    You can now trade six of the most popula...

Syndicate Report: Maker (MKR)

27 Sep 2020 1 minute read 0 comments Keegan Francis

MKR was sold through the syndicate program on September 27/09, 2020. Total Syndicate Contribution CRO: 103,118,048.2 USD: $14,870,653.73 Oversubscription 46.8x Oversubscribed My Syndicate Contribution CRO: 35000 USD: $5,412.02 Refund CRO:...

MakerDAO Won't Compensate Black Thursday Victims

24 Sep 2020 1 minute read 2 comments Abhimanyu Krishnan

The Maker Foundation will not compensate Vault owners, who suffered losses as a result of the Black Thursday market crash, after a governance poll concerning the same concluded on September 22. The poll, which began on September 8, saw over 57,000 v...

Maker Foundation and Pundi X is set to unveil Dai-Agent network in Ghana

22 Sep 2020 2 minute read 1 comment ClaudioxBarros

  The West African nation of Ghana has recently emerged as one of the most crypto-friendly nations in recent years. This newfound prominence has been attributed to a rising number of use cases that show more and more Ghanaians prefer to transfer mone...

MakerDAO - Risk In WBTC Vaults? Unique Behavior Compared to other Assets

2 Sep 2020 2 minute read 1 comment HarmonyMedia

9/1/2020The era of a conservative MakerDAO eroded March 12th. The "whatever it takes" mentality, borrowed straight from Collin Powell's synapses, characterized the atmosphere throughout the emergency period. A certain aggressive viewpoint won in popu...

Maker Considering Adding Gemini and Binance USD as Collateral

1 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

The governance community of decentralized credit protocol Maker will undertake a final vote on whether to approve Gemini USD and Binance USD as collateral on the platform, after an initial vote took place on August 17. An initial vote to check the f...

What is a DAO? How Vitalik Buterin Will Change It

31 Aug 2020 5 minute read 1 comment

Investment has always been a significant part of the financial ecosystem, even with the looming risk of money loss. From Wall Street to Silicon Valley, investors flock in every single day to stake various sums of money with hopes of getting high retu...

DeFi Tops $7B

27 Aug 2020 1 minute read 1 comment Abhimanyu Krishnan

The Total Value Locked in (TVL) in the DeFi space has crossed $7 billion on August 27, showing no signs of stopping as several new protocols, data aggregators and yield farming platforms emerge. Already experiencing healthy growth in early 2020, the...

Aave dethroned MakerDAO in Total Value Locked with more than $1.44B available for Lending.

26 Aug 2020 1 minute read 0 comments alberdioni8406

Aave protocol have dethroned MakerDAO in Total Value Locked (TVL) in funds from customers for borrow and lending purposes. Accordingly with data supplied by DeFi Pulse the protocol have more than $1.44B locked in assets and is the second protocol...