Maker DAO (MKR) News, Price Predictions, Opinions and Analyses Created by Users

Maker DAO (MKR)

180 Articles 132 Followers

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.


MakerDAO Spikes Over 20% Following Real-world Asset Vote

10 Jun 2020 1 minute read 0 comments Abhimanyu Krishnan

The MKR token of the MakerDAO ecosystem has rallied by more than 20% following a recent vote that enabled new types of token backed by real world assets to act as collateral for DAI generation.  MKR's value jumped by over 20% on June 9. On June 9, M...

MakerDAO Community Approves New Assets for DAI Collateral

9 Jun 2020 1 minute read 0 comments Abhimanyu Krishnan

On June 7, the MakerDAO community voted to approve a new set of assets to act as collateral for its DAI stablecoin. The vote sees real-world assets in the form of trade invoices and music royalties serves as a way to generate DAI. The assets join Eth...

Despite Decentralization Ambitions, DeFi Is Still Dominated By Super Rich Token Holders

6 Jun 2020 3 minute read 1 comment PassionCryptodotcom

Decentralized finance doesn't seem so decentralized after all, especially when you look at symbolic concentration. Key points to remember 90% of the supply for most DeFi tokens is held in less than 10% of addresses. LINK is the least concentrated of...

MakerDAO and Dai| Introduction and definitions

3 Jun 2020 3 minute read 0 comments NassiroV

Image Source Stablecoin Dai is what we call a stablecoin, that is to say a cryptocurrency whose principle is to guarantee a stable fiduciary value, often backed by traditional currency. This is not the only existing project: one could cite for examp...

The great advantages of acquiring DAI in devalued countries - the most relevant in DeFi, stablecoins and DAI

3 Jun 2020 8 minute read 0 comments Crypto adict (Manu VZ)

Crypto-backed stablecoins is that they are over-guaranteed. It means that for every Dollar in circulation of a stablecoin of this type, there is more than 1 Dollar that supports it. For example, DAI currently has $ 3.80 in support for each DAI in cir...

To maintain the current value of Maker in the future, several trillion DAI will be needed

31 May 2020 1 minute read 2 comments ...

Analysts at AlfaBlok have released a report claiming that the number of Dai stable stocks in annual turnover should increase by more than 70 percent so that MakerDAO (MKR) can maintain its $ 350 million market size. As of May 5, the release of Dai sh...

What is MakerDao Project ( Dai & Maker)

31 May 2020 3 minute read 0 comments CryptoArgha

MakerDao is an organization developing crypto backed and block chain based technology for borrowing, loans and stable currency on Ethereum blockchain. MakerDao is an decentralized organization built on Ethereum blockchain and allow users to borrow lo...

MakerDAO: Farewell SAI, Long-Live DAI

30 May 2020 3 minute read 0 comments Cryptos.com

Collateralized Debt Position (CDP) owners involved in the MakerDAO ecosystem are forced to swap their single-collateral SAI tokens for multi-collateral DAI, also known as MCD effective since May 12th. The MakerDAO project is shutting down the SAI sys...

Episode 59: What is WBTC? Why Should I care?

26 May 2020 1 minute read 0 comments NewCreationCapital

Audio: Video:   Join The New Creation Cronies Telegram Group In Episode 59: We look into WBTC or wrapped Bitcoin and why I should care.  This is our Story of the Day Other News: https://bitcoinexchangeguide.com/wbtc-has-become-the-second-most-popul...

Multi-Collateral Dai: Maker

23 May 2020 5 minute read 4 comments M87

As the cryptocurrency ecosystem evolved towards Decentralized Finance (DeFi), one project has grown to be a large part of DeFi on the Ethereum blockchain. Maker (MKR) is a Decentralized Autonomous Organization (DAO) built on the Ethereum blockchain a...