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.

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...

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...

DeFi Now Surpasses $6B in Total Value Locked

17 Aug 2020 1 minute read 0 comments Abhimanyu Krishnan

The DeFi market marked another milestone this month, crossing $6 billion in locked value on August 17. The space has seen the introduction of several new yield farming protocols, while other projects have been releasing new features and updates, besi...

Decentralized Finance

17 Aug 2020 5 minute read 0 comments Simplify Crypto

To get started in this world of decentralized finance we need to understand some basic fundamentals about economics and traditional finance, such as the basic interest rates charged by central banks around the world, different financial instruments,...

Which Tokens Have Smallest Supply?

12 Aug 2020 1 minute read 2 comments ☑️Arͬcͨaͣ🅽🅶eͤl̜̝̖̼͔̞̃ͮ͑̐̉͌🅾➏➏➏

Most cryptocurrencies have a fixed quantity therefore a limited supply. For example we will have a maximum of 21 million Bitcoin.Limiting the total supply of an asset is often an attempt to create scarcity and value. However, if there is no demand, t...

DAI becomes The third stablecoin with an offer of 400 million units

12 Aug 2020 1 minute read 0 comments NassiroV

Image Source   Everything related to DeFi seems to be turning into a record high and new ATH right now. This is largely due to the fact that this project was born recently. The latest news concerns MakerDAO's DAI stablecoin. The latter has just cros...

Binance, FTX and Poloniex Exchange have been Hotspot listing DeFi tokens.

10 Aug 2020 1 minute read 0 comments alberdioni8406

Interesting to see that centralised exchanges (CEX) have been increasing listing of DeFi (decentralized finances) tokens, with Binance, FTX and Poloniex crypto exchanges leading the run to list and boost this tokens prices on market. Binance exchange...

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...

Executive Vote: Lower the USDC-A Liquidation Ratio and Approve a New Gitcoin Light Feed Key

30 Jul 2020 1 minute read 3 comments MakerDAO

The Maker Foundation Governance Facilitator has placed an Executive Vote into the voting system, which will enable the community to lower the USDC-A Liquidation ratio and approve a new Gitcoin light feed key: Lower the USDC-A Liquidation Ratio to 11...

Get rewarded to Hodl DAI on Coinbase Crypto exchange.

30 Jul 2020 1 minute read 2 comments alberdioni8406

The American based Crypto exchange Coinbase will start rewarding the users who hodl the decentralized stablecoin DAI on their accounts and with that earn up to 2% per annum. The MakerDAO stablecoin DAI rates from Coinbase rewards to earn, is subject...