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.

Lbry TV - Content Freedom - LBC crypto.

27 Dec 2020 1 minute read 5 comments Coincobra

How about wacth and publish videos in the decentralized channel and have a freedom of to sell or to buy or only publish free and to wacht free too.  This channel 👉LBRY allows to do everything and yet you are reward for this.  I'm already receiving lb...

The Decentralized Autonomous Organization

25 Dec 2020 4 minute read 4 comments AlucardLife

I don't know why it took me so long to realize that the Decentralized Autonomous Organization (DAO) is actually a sovereign country. That comes with a lot of responsibility, responsibility that I don't think most people are ready for. Freedom costs....

Coinbase Earn Maker (MKR) QUIZ ANSWERS! $6

21 Dec 2020 1 minute read 0 comments EliteHodler

MakerDAO is a decentralized autonomous organization which maintains and regulates DAI, a kind of cryptocurrency known as a stablecoin that aims to keep its value as close to one US dollar as possible through an automated system of smart contracts on...

MKR Price Analysis 20 December 2020

20 Dec 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...

MakerDAO’s Year in Review: 2020

17 Dec 2020 3 minute read 16 comments MakerDAO

This year has been challenging for everyone, but thanks to Maker’s amazing community of people all over the world, 2020 also delivered accomplishments. It was a remarkable year for MakerDAO and DeFi, despite the challenges. So, as December draws to a...

Weekly Crypto New Roundup | December 15th 2020

15 Dec 2020 1 minute read 0 comments coinpass Global

Italian Banks Love Crypto Italian banks are making bigger moves on Crypto. Italian bank "Banca Generali" is getting ready to offer crypto services to their clients in 2021. The bank has partnered with fintech company Coinio to offer crypto custody...

MKR and Maker - Emergency Oracles, Collateral Auctions & more

14 Dec 2020 1 minute read 0 comments CryptoKraut

New to Publish0x? Register here and start earning crypto everytime you read or write an article.​ What is Maker The Maker Protocol allows users to create currency using collateral assets approved by Maker Governance. Resistant to hyperinflation due...

Facebook Crypto DIEM VS Tether

11 Dec 2020 1 minute read 7 comments Coincobra

Currently, stablecoin Tether is the fourth most traded cryptocurrency in the world calling attention to its performance. To give you an idea even the american government to use to carry out financial transactions. This is due to the fact that the USD...

Maker Governance Community to Vote on Adding AAVE and Uniswap LP tokens as Collateral

8 Dec 2020 1 minute read 0 comments Abhimanyu Krishnan

The Maker Governance Facilitator added proposals to support AAVE and Uniswap LP tokens as collateral for generating DAI, according to a blog post published on Dec. 7. The three assets are under consideration are AAVE, and the Uniswap V2 DAI- ETH and...

DAI Stablecoin Explained in 60 Seconds

7 Dec 2020 1 minute read 9 comments CryptoSlackers

Dai is ERC-20 token on the Ethereum blockchain that is pegged to the US Dollar, making it what is known as a stablecoin. Dai is created by the Maker Protocol, which is a series of smart contracts, or code that runs on the Ethereum Network, that facil...