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.


USDT GO TO OVERTAKE ETHER

19 Oct 2020 1 minute read 0 comments Coincobra

Hello 🤑 Recently, some websites and experts have said that Tether will soon be overcome in market capitalization  by Ethereum.This means that after Bitcoin it will be the most traded in the cryptocurrency market. And the best with all the stability p...

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

29 Sep 2020 2 minute read 2 comments Jakonfire

www.bitpanda.com 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...

Anti-Volatility Measures with DAI

19 Mar 2020 1 minute read 9 comments benlakoff

  DeFi has become the stand-out application of blockchain technology. There have been some bumps lately, but I'm still long-term bullish on the space. 2key Network has chosen DAI over other stablecoins for the hedging process involved to protect use...

Balance Sheet Bitcoin

12 Oct 2020 8 minute read 0 comments CPix

Bitcoin Treasuries in Publicly Traded Companies Grayscale Bitcoin Trust ($GBTC): 449,596 BTC, ~$5B CoinShares ETP ($COINXBT: SS): 69,730 BTC, ~$770M Microstrategy ($MSTR): 38,250 BTC, ~422M Galaxy Digital ($BRPHF): 16,651 BTC, ~$184M Square ($SQ): 4,...

MKR Price Analysis 18 October 2020

18 Oct 2020 1 minute read 0 comments Suryakantdalai

Remember to read the date of this post carefully. In this post, you will get the live price of daily MKR. We also provide you with the MKR's market capitalization, weekly, monthly value, trading volume, peak and lowest prices and trading volume. We a...

TOP Things You Should Know About MakerDAO, DAI & SAI

18 Jan 2020 20 minute read 28 comments MuyAsk

Hey people :) There goes my second post, this time on MakerDAO's ecosystem. In case you have missed my previous post on BAT & Brave, you can read it here. Enjoy! 1. What is Maker MKR? Maker (MKR) is the utility token used primarily for governance and...

Full List of Basic Attention Token ($BAT) Use Cases

23 Jun 2020 2 minute read 10 comments M0davar

Basic Attention Token (BAT) is one of the most popular cryptocurrency projects in recent years. It’s the native crypto token for Brave Rewards - the advertising program of Brave Browser. Brave Browser itself is popular among crypto enthusiasts becaus...

3 Crypto Projects with Burning Mechanism You Must Be Aware Of

20 Nov 2019 7 minute read 5 comments Adamic0

When investing in cryptocurrency, one of the most important aspects that cannot be overlooked is the coin/token supply of the project. This metric is significant because it is closely correlated with price.  For instance, if a particular crypto has a...

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...

MKR Price Analysis 09 October 2020

9 Oct 2020 1 minute read 0 comments Suryakantdalai

Remember to read the date of this post carefully. In this post, you will get the live price of daily MKR. We also provide you with the MKR's market capitalization, weekly, monthly value, trading volume, peak and lowest prices and trading volume. We a...