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.


Chainlink, MakerDAO and Lightning Labs praised by the world economic forum

20 Jun 2020 1 minute read 0 comments NassiroV

Image Source It is rare for institutional foundations to praise blockchain projects. And yet! A panel of 6 blockchain companies is included in the list of technological pioneers of 2020 produced by the World Economic Forum (GEF). The World Economic...

Dual tokens

19 Jun 2020 1 minute read 0 comments Jandmade

Dual tokens are a good way for a project to grow in a more secure and reliable way, but what exactly are they? A dual token is developed by the same project dividing its token in two. One for the purpose of raising money for the project, with an econ...

Analyzing Altcoins with Greater Short-Term Potential / These 3 Cryptocurrencies Can Outperform Bitcoin

19 Jun 2020 4 minute read 0 comments Crypto adict (Manu VZ)

MKR/USD After MKR in just 1 day managed to increase its value by 34% The main price movement continues to be bearish. Today June 19 the bulls tried to break the resistance of the 527 USD obtaining negative results, since at the time of writing this o...

Three crypto currencies with a brighter future

19 Jun 2020 2 minute read 0 comments Mabla

A billionaire by the name Warren Buffet once said “never put all your eggs in one basket”, you will need to diversify your trading portfolio. Crypto market has so many different highly profitable crypto currencies you can invest on, you just have to...

$COMP Becomes Largest Defi Token by Market Cap

17 Jun 2020 1 minute read 4 comments Abhimanyu Krishnan

Compound Finance’s newly launched $COMP token has quickly risen to become the largest Defi token by market cap, overtaking Maker (MKR). The introduction of the $COMP has resulted in a huge boost for the platform with nearly $80 million more in deposi...

World Economic Forum Recognizes Chainlink and MakerDAO as Technology Pioneers

17 Jun 2020 1 minute read 1 comment Abhimanyu Krishnan

The World Economic Forum (WEF) recently identified Chainlink (LINK), MakerDAO (MKR), Lightning Labs, Elliptic, Ripio and Veridium Labs as ‘Technology Pioneers’ of 2020. The overall list consists of companies from across the world building solutions i...

Coinbase List Maker (MKR)

13 Jun 2020 3 minute read 1 comment Sirt33

  Coinbase has listed Maker (MKR) on Coinbase.com. The token is also supported on the Coinbase Android and iOS apps. Coinbase customers can now buy, sell, convert, send, receive, or store MKR. The token will be available in all Coinbase-supported reg...

Cosmos launches a “MakerDAO” on its blockchain: Kava

12 Jun 2020 2 minute read 0 comments NassiroV

Image Source Decentralized finance (DeFi) is THE key subject of the blockchain and crypto ecosystem. After Ethereum and Tron, it's Cosmos' turn to launch Kava, its collateralized stablecoin based on the same concept as MakerDAO. The birth of Kava An...

MakerDAO approves real assets collateral and increases 30%

10 Jun 2020 1 minute read 0 comments CryptoFocus

MakerDAO community has approved the first 'real-world' tokenized assets to be used as collateral for minting DAI stablecoins. A recent vote by the community saw the inclusion of tokenized music streaming royalties and trade invoices within MakerDAO'...

MAKERDAO (MKR) RETURNS TO COINBASE AND INCREASES 30% / in other news calls for XRP sale fraud lawsuits to be dismissed - Daily Crypto News recap: Stories you will have missed from (MKR), (DAI), (XRP) & (ADA) BUT NOT TODAY.

10 Jun 2020 5 minute read 2 comments Crypto adict (Manu VZ)

MKR is up 30% in 24 hours after the MakerDAO community vote in favor of introducing "real world" tokenized assets as collateral for loans in Dai.The surge comes after a late May high of 45% for MKR's second Coinbase Pro. The high for the day showed a...