Maker DAO (MKR)

425 Articles 63,672 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.


How Does Maker (MKR) Keep Your Money Safe? A Look Under the Hood

8 Dec 2022 5 minute read 1 comment Michael @ CryptoEQ

Target Rate Feedback Mechanism Maker controls the Dai-USD peg with its Target Rate Feedback Mechanism (TRFM). The Target Rate determines the price changes needed for Dai to reach the Target Price of $1 during market volatility. For example, if Dai is...

What Happens To DeFi Today? (01 Dec 2022, Thursday)

2 Dec 2022 1 minute read 0 comments quantdoge

"What happens to DeFi today?" is a crypto news curator that curates high-quality and insightful DeFi news for you daily. Here are the news for you today. Interested in our product? It's available for free here -> Coin Metrics Crypto News Sentiment...

What Happens To DeFi Today? (30 Nov 2022, Wednesday)

30 Nov 2022 2 minute read 0 comments quantdoge

"What happens to DeFi today?" is a crypto news curator that curates high-quality and insightful DeFi news for you daily. Here are the news for you today. Interested in our product? It's available for free here -> Coin Metrics Crypto News Sentiment...

Gem to follow in 2023 - DAO -

29 Nov 2022 1 minute read 0 comments Crypto e dintorni

Attention! These are NOT financial advice. Today I would like to tell you about a gem that I think has great potential, I'm talking about DAO Maker. DAO Maker is a platform that provides scalable technologies and financial support to tokenized star...

What Happens To DeFi Today? (29 Nov 2022, Tuesday)

29 Nov 2022 2 minute read 1 comment quantdoge

"What happens to DeFi today?" is a crypto news curator that curates high-quality and insightful DeFi news for you daily. Here are the news for you today. Interested in our product? It's available for free here -> Coin Metrics Crypto News Sentiment...

What Happens To DeFi Today? (07 Nov 2022, Monday)

7 Nov 2022 1 minute read 0 comments quantdoge

"What happens to DeFi today?" is a crypto news curator that curates high-quality and insightful DeFi news for you daily. Here are the news for you today. Interested in our product? It's available for free here -> Coin Metrics Crypto News Sentiment...

MKR, SOL, UNI... | DCA | Altcoin Day | 06 Nov

6 Nov 2022 1 minute read 2 comments Joao16

For more content like this tip me if you can! thank u :)   Solana Analysis Sol is doing quite nice after a long period of sideways is now trying to break 40$ and make support to then go to 50 if BTC does not go down in the next days. UNI Analysis UN...

What Happens To DeFi Today? (05 Nov 2022, Saturday)

5 Nov 2022 2 minute read 1 comment quantdoge

"What happens to DeFi today?" is a crypto news curator that curates high-quality and insightful DeFi news for you daily. Here are the news for you today. Recently, we have just launched a news sentiment analysis tool that utilizes machine learning,...

What Happens To DeFi Today? (03 Nov 2022, Thursday)

3 Nov 2022 3 minute read 0 comments quantdoge

"What happens to DeFi today?" is a crypto news curator that curates high-quality and insightful DeFi news for you daily. Here are the news for you today. Recently, we have just launched a news sentiment analysis tool that utilizes machine learning,...

What Happens To DeFi Today? (20 Oct 2022, Thursday)

21 Oct 2022 3 minute read 0 comments quantdoge

"What happens to DeFi today?" is a crypto news curator that curates high-quality and insightful DeFi news for you daily. Here are the news for you today. Recently, we have just launched a news sentiment analysis tool that utilizes machine learning,...