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.

Argentina update - 43 Bitcoins traded last week

30 Oct 2020 1 minute read 4 comments Permabull

Checking last week's statistics, 43 BTC were traded in Argentina on LocalBitcoins. The figure is a bit down from one week ago - 49 Bitcoins. Last time the weekly volume was this high in Argentina was back in June 2016. 43 BTC is about 90,000,000 Ar...

MANA Approved as Collateral in Maker Protocol

31 Jul 2020 1 minute read 4 comments Abhimanyu Krishnan

The Maker (MKR) governance community has approved Decentraland (MANA) as collateral for generating DAI, as revealed in a blog post that was held on July 28. The proposal was passed at 7:30 UTC on July 28. Maker has made several tokens as supported c...

Venezuela Update - 367 Bitcoins traded last week

28 Oct 2020 2 minute read 9 comments Permabull

Checking last week's statistics, 367 BTC were traded in Venezuela on LocalBitcoins. The number is quite a bit down from 406 BTC, traded the week before, buying and selling BTC/FIAT. 367 BTC is over 2,000,000,000,000 Bs. (Bolivares). One Bitcoin (BT...

Meditations on decentralisation

24 Apr 2020 5 minute read 0 comments dmngdsm

Photo by Jeffrey Czum on Unsplash AdEx Network was born in the crowd. Back in 2017 we were a bunch of kids with an advertising problem in sight and a possible solution in mind. Three versions of a protocol for decentralised advertising, an open plat...

🚀🚀 Billionaire Stanley Druckenmiller says he now owns Bitcoin 🚀🚀

10 Nov 2020 1 minute read 2 comments Permabull

Not the first and definitely not the last big investor, investing into Bitcoin this year. For those who don’t know, Stan Druckenmiller is arguably the most successful living investor. So many other investors with a lot of money do copy anything that...

Is Maker (MKR) a Good Investment? In-depth Analysis and Near to Longer-Term Expectations

20 Dec 2019 6 minute read 2 comments CryptoBoomer

In Blockchain Capital’s 2019 State of Crypto report (for which there are no sources yet), Decentralized Finance (DeFi) is growing at an exponential rate and is a focal point for investment - according to Decrypt anyway, which has reportedly seen the...

Rare Batman NFT Digital Art Series was sold for 540 Ether

19 Oct 2020 2 minute read 1 comment martincanadese

NFTs will change the market for art workers forever, everybody knows that. Worldwide, more than $131 million worth of NFTs have been sold in the last few years, according to data from A five-piece collection of Batman digital art was...

Huobi Launches Global DeFi Alliance for Protocol and Communication Standards

18 Aug 2020 1 minute read 1 comment Abhimanyu Krishnan

Huobi has launched the Global DeFi Alliance via its DeFi division, as announced in a press release published on August 17. The alliance is a consortium of DeFi entities with the agenda of best practices and overall development. Goal of the alliance...

MakerDAO Partners with Italy's Young Platform for Defi Adoption

2 Jul 2020 1 minute read 1 comment Abhimanyu Krishnan

Italian cryptocurrency platform Young Platform has revealed a partnership with MakerDAO on June 29. The partnership will focus on “comprehension and mass adoption of Defi”, with Young Platform educating the Italian market on the DAI stablecoin throug...

DeFi May Be Overestimated by Nearly 3 billion

19 Aug 2020 1 minute read 1 comment Abhimanyu Krishnan

The DeFi market’s locked in value might be inflated by nearly $3 billion, according to Encode Club founder Damir Bandalo. In a tweet posted on August 17, Bandalo said that he had calculated how much was locked in protocols and found a disparity. Ban...