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MakerDAO Review: Complete MKR Overview

► DAI Video
► Full DAI Evaluation:
► DAOStack & Decentralised Governance:
► FREE Giveaway:


⏰ Time Stamps ⏰

0:55 Introduction
2:00 Maker & DAI
3:40 MKR Use Instances
5:30 Emergency Shutdown Characteristic
6:21 ICO & Token Dynamics
7:48 Staff Members
8:20 Roadmap and Multi Collateral DAI
9:10 Maker Markets & Wallets
10:11 Conclusion


⛓️ 🔗 Useful Hyperlinks 🔗 ⛓️

► Web site:
► Whitepaper:
► GitHub:
► CDP Portal:


📱️ Socials 📱

► Official Weblog:
► Twitter:
► Telegram:


📝 Mission Overview 📝

Maker is a useful token that enables holders to manipulate the Maker system. So, possession of a Maker token offers you a stakeholder place within the broader Maker ecosystem.

By proudly owning a Maker token, you’re in a position to participate within the upkeep of your entire Maker ecosystem. This contains its stablecoin DAI, which we’ll contact on briefly in a second.

This ERC-20 token goals to assist stabilize cryptocurrencies in an effort to assist drive the adoption and progress of the trade.

⚙️ Expertise ⚙️

Maker’s worth is tied to that of DAI, which is its decentralised stablecoin pegged to the US greenback. The aim of the token is to stabilize DAI by way of the usage of Collateralized Debt Positions

When utilizing a CDP, customers deposit their property into a wise contract. The asset is taken into account collateral for a mortgage.

As soon as the property are deposited, the consumer has the flexibility to generate the equal worth they wish to borrow in DAI. When the DAI will get paid, the consumer can then withdraw their collateral.

MKR has three main makes use of on the Maker platform. As a utility token, as a governance token, and as a useful resource for recapitalization.

The emergency shutdown characteristic will cease and settle the Maker Protocol to make sure that everybody on the platform, each CDP holders and DAI holders, obtain the worth of the property to which they’re entitled.

💰️ Token 💰

There was no ICO for MKR tokens. As an alternative, the undertaking was meticulous and selective about when and the place they supplied MRK tokens on the market.

Doing so required extra interplay on the a part of the customer than would usually be required throughout an ICO or crowdsale.

Maker persistently sits within the prime 25 of whole market capitalization and at present has a million MKR circulating.

👨‍💻️ Staff, Companions & Growth 👨‍💻

Maker has a well-sized group working collectively to make Maker what it’s at this time. There are many designers, engineers, and builders from across the globe supporting the Maker undertaking.

Within the Maker Roadmap, the largest replace to look ahead to is the Multi Collateral DAI or MCD.

With the improve to Multi-Collateral DAI, the MKR token will tackle a extra important function within the broader ecosystem. As an alternative of utilizing the pooled ether because the recapitalisation useful resource, MKR will probably be offered in an effort to elevate the funds to recapitalise the system.

📈 Buying and selling & Wallets 📈

Maker does much less quantity than comparably sized altcoins which may impression on liquidity particularly for these bigger block orders.

There may be comparatively restricted trade assist for the MKR token and the highest 2 exchanges have the majority of the buying and selling quantity. That is much less optimum from a worth discovery perspective.

MKR can be not listed on a few of the extra fashionable exchanges like Binance, Coinbase and many others.

For storage, on condition that that is an ERC20 token you’ve gotten fairly a spread of choices. You need to in all probability go for a {hardware} pockets like a Ledger or Trezor.


📜 Disclaimer 📜

The data contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who will not be a licensed monetary advisor or registered funding advisor. Buying and selling Foreign exchange, cryptocurrencies and CFDs poses appreciable threat of loss. The speaker doesn’t assure any specific consequence.

#MakerDao #MKR #crypto #Ethereum #Evaluation #ERC20 #DAI #Stablecoin #blockchain #Governance #buying and selling #cryptocurrency #Trade

Source: Coin Bureau

44 Responses

  1. Great video!
    Is DAI/Maker more useful as a DeFi borrowing platform and thus "superfluous" as a stable coin as some may say that the direct-to USD pegged (Circle, USDC, Gemini's GUSD) are more "accurate" as stable; and if so, can the DAI be pegged to other assets?

  2. Is anyone else interested in an updated video on the MKR token or defi price action in general? Since the start of 2021, price has been on the rise, but not even close to the gains of other alts especially the top DEXs. TVL in defi has never been higher, yet lending protocols and their governance tokens aren't "keeping up" when you compare their price action to the almighty BTC. I'm also interested in projects addressing issues with governance and voter participation. It's plain to see the improvement of quality content on this channel and it is really bringing people into crypto for the right reasons. Keep it up.

  3. I prefer Usd terra and LUNA to Maker and DAI. Simply because I can't understand anything you just said and UST/LUNA is really simple. I do prefer DAI to USD Terra because DAI has a 2% return however I would never hold enough fiat for long enough to ever see that 2%. LUNA over Maker for me

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  5. Hi Guy, I enjoy your concise and short content. Would love to see a comparison video regarding the different DeFi stable ecosystems, which are the pros and cons you see? Keep up the great work mate !

  6. What do yoi think about Singularitynet Agi? I can't believe this project is not more well known. Ben Goertzel is behind the project and he's a genius. They are doing something what looks like with Paypal, Cisco and Domino's.

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