To protect against the crypto market’s extreme volatility stablecoins were created. However they tend to be issued by a centralized organizations with the promise that 1 issued stablecoin will be backed by 1 USD in the bank. But in many cases of stablecoins we don’t actually know whether this is true or not. As a result Maker was formed to try and address this issue. Maker generates a stablecoin... More
I wrote some recent posts about how the MKR price has been soaring due to some exciting developments and changes to the MakerDAO ecosystem, so I would've expected that the usual marketing channels like the website and Telegram to have people shouting from the rooftops about the news.
Well....sadly....no. Under 'recent blog posts' on the website (https://makerdao.com/en/), the latest post is... More
Maker is a DeFi lending platform that makes use of ERC-20 tokens as collateral in order to mint and create $DAI - a stablecoin pegged to the dollar. Maker is almost the perfect platform for most DeFi enthusiasts that are looking for loans, but also have large holdings in ERC-20 tokens that they would prefer to hodl instead of liquidating for stablecoins.
We've seen many instances and cases of... More
MKR's value relies on growing Dai adoption. Risky and interesting.. 😉
Maker is a decentralized platform on the Ethereum blockchain for managing and trading Dai. While Dai maintains a fixed value, MKR's value can fluctuate. The interesting part is that Maker's value rises with increased Dai usage.
Maker aims to tokenize various assets, but MKR coins can't be mined. Instead, tokens are burned... More
Maker (MKR) has posted impressive gains of 44% in 7 days and 9.1% in 24 hour . It is 84.22% down from the ATH of $6,292.31 in May 2021 and 489.62% up from the ATL of $168.36 in March 2020. Time and date of writing (11am, 4 July 2023).
Some recent development seem to be spurring on this rise:
- On 12 June 2023, as part of the weekly Maker Governance Cycle, MKR holders voted to increase yields... More
Maker is a decentralized lending and borrowing ecosystem known for its transparency and reliability. Its features of collateralization and cheap fees make it a very popular solution for people seeking liquidity without selling any of their crypto holdings, which is great for bull markets I must say.
As one of the pioneering protocols in the DeFi movement, Maker holds a prominent position on the... More
Trending over the last week, Maker (MKR) is another project that has come onto my radar. Defi and lending seem well poised to perform well in the next bull run so it might be smart to bear these types of projects in mind (NFA).
The MKR token is an Ethereum-based DeFi lending platform. It enables users to lock ETH into smart contracts for the purpose of generating Maker's stablecoin, Dai.... More
MM, VCs is consistently making notable moves with $MKR.
Galaxy Digital has transferred 1,236 $MKR = $1,398,527 to Binance.
On the other hand, FalconX has taken action to withdraw 796 $MKR = $890,279 from Binance to their wallet.
Galaxy Digital tends to transfer altcoins to the exchange before pushing the price up, while FalconX does the opposite.
I wonder how the price of $MKR will react to these developments?
Galaxy Digiatal Wallet: 0x33566c9d8be6cf0b23795e0d380e112be9d75836
FalconX Wallet: 0x43fed72b921af413aad831cebd221697b18da54f
MakerDAO (Maker) is a pioneering decentralized finance (DeFi) project that addresses the volatility and centralization concerns associated with stablecoins. Unlike traditional stablecoins that are issued by centralized organizations and often lack transparency, MakerDAO generates its stablecoin, DAI, through a decentralized system backed by collateralized crypto assets.
At its core, Maker... More
Maker is an experiment into the possible future of crypto DeFi and all eyes are on it. If DAO/DeFi stands a chance of success the community size needs to grow and be enough to stop it from collapsing in on itself. Is it? Will it?
The project has strength in the $DAI which most would at first think is a strength if one would think that the $Dollar was strong, can be strong, and is not a... More
DAOs represent a groundbreaking advancement in the world of crypto projects, embodying the core principles of decentralization, transparency, and inclusivity. But decentralized governance is not just about meeting the criteria of blockchain community. Especially considering the absence of strong legal infrastructure supporting crypto projects, introduction of open community based governance is... More