► DAI Video
► Full DAI Evaluation:
► DAOStack & Decentralised Governance:
► FREE Giveaway:
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⏰ 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
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⛓️ 🔗 Useful Hyperlinks 🔗 ⛓️
► Web site:
► Whitepaper:
► GitHub:
► CDP Portal:
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📱️ Socials 📱
► Official Weblog:
► Twitter:
► Telegram:
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📝 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.
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📜 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
Good review, tks. Further do you have such as a tutorial about CDP how it works, etc, tks
When you gonna do the video for DaoMaker coin.
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?
we need its latest review
You ARE my financial advisor.
Guy, How can US Residents participate in DaoMaker. Currently US is not available for ID Verification.
NOS ESTAN ASESINANDO, THE POLICE IS KILLING US, S.O.S COLOMBIA. May 06 of 2021
Please take a look at defipulse today MKR almost disappeared! -93% to all VL
I brought it at 5.4k . it will hit $100,000 for sure hold maker owner…. don't be surprise if it reach $200k
i just picked up 2 mkr tokens on crypto.com. How do i use those 2 to get Dai?
Im watching right now as Maker is over 4k! I should have bought some at 1k
Good review thank you bro
idefy
pump or dump or smart money?
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.
Tether has a Market cap of 40 billion and Maker has one of 2 billion. If you believe it’ll overtake Tether, then we could see Maker hit 40k+. 🤔
And now is more than 1000 pounds
love all your videos.They are a encyclopedia of crypto
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
This channel is a gem and guy is a good teacher.
Please make a video on pi network.
Can you do an update on maker please? Why did it just over come ETH so easily?
Checking in on Feb 4th when MKR hit $2350.
I put in thirty bucks like a month ago…. So yeah, I'm kind of a big deal. Going yacht shopping tomorrow
Bitconnect 2.0?
I’m not making any money on mkr
It just pop up….today up to 1700…how could that be?
I can't help but notice that the Maker logo is very much like the "as within, so without" symbolism.
XRP is like the "as above, so below" symbolism.
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Hello. There is a Marker-Dao.com aswell…are they scammers? Because I think so… I have 0.2btc on their account but cant withdraw… just telling you guys… be aware…I already filed a report to the police
Hi Guy, I just bought MKR as I see it has huge upside as DEFI becomes even more acceptable it can only get more valuable. What's your thoughts.
What a great review
Great review! Thanks, Guy! It would be great if you could make a review of KuCoin Pool X
I don't understand why the value is so high though
Hi What was the price of the ico I could find ?
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 !
Your reviews are awesome! I subbed!
Maker will increase 1000x when the total crypto marked is 10 to 15 trillion USD.
Are there financial benefits to holding MKR like staking rewards?
Why would I wanted to lock in 100 k in Ehter and get back 70 k in stable coin ?
Great video!
FYI Maker can be staked (Crypto Earn as they call it) on your Crypto.com credit card. Currently getting 8% for a 3 month commitment.
no one will pay 19 percent interest for long…is it locked in when you begin or is the interest charged a floating rate like an arm? please email response to forrestjones@protonmail.com if possible
Why has MKRs value sharply decreased? And will it go back up?
Liked it. Thank you.
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.