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Maker (MKR)

Maker is an asset-backed decentralized “stable coin” based on the Ethereum blockchain. Stable coins are a revolutionary approach to digital money as they remove large price volatilities in the coins.

Maker’s autonomous smart contract system is designed specifically to react to market fluctuations, keeping the price of 1 Dai equivalent to US$1. Each Dai is backed by Ether tokens as collateral, and is secured with an Ethereum smart contract.

In the event that the price of Ether drops below the predetermined threshold, the smart contract would automatically liquidate, keeping the collateral at a safe level and therefore preventing the Dai token from collapse.

By holding a MKR token, you become a member of Maker’s DAO and are entitled to certain rights as defined in Maker’s technical documents.

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Don’t Miss MakerDAO’s Blockchain Week Events in Cape Town, April 18–21

Blockchain Week ZA in Cape City, South Africa, is just some days away, and representatives from the MakerDAO workforce might be there to...
Raise the Stability fee by 3 to a total of

Upgrades to the Maker Ecosystem Foundation Structure

The previous 12 months has been one in every of implausible progress for MakerDAO. Dai continues to be broadly revered throughout the cryptosphere...
Raise the Stability fee by 3 to a total of

MakerDAO Collaborates on South Korean Local Government Projects with VANTA Network and HYCON…

Following the official launch of the Nationwide Relayer Marketing campaign in Korea in March 2019, the MakerDAO Korean group labored carefully with its...
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March 2019 – MakerDAO – Medium

It’s been an action-packed month for Maker! Stability Charge will increase, a long-awaited replace on Multi-Collateral Dai, a brand new marketing campaign launch...
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The Road to Multi-Collateral Dai – MakerDAO – Medium

Getting Began with MCDTo start out utilizing and interacting with the above instruments, you will have to get some Kovan ETH, COL1, COL2, COL3,...
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Executive Vote to Raise the Stability Fee to 7.5% – MakerDAO – Medium

The Maker Basis Interim Threat Crew will place an Govt Vote proposal into the voting system to enact a brand new Dai Stability...
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Tweeting crypto for good – MakerDAO – Medium

MakerDAO joins the #PiDay celebration by encouraging donations to charityPiDay (March 14th) has been lengthy celebrated as a geek vacation, so MakerDAO, together with...
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MakerDAO Focuses on Korea: – MakerDAO – Medium

Nationwide Relayer Marketing campaign Designed to Drive Consciousness and Adoption of DaiBecause the official launch of the MakerDAO Korean neighborhood in November 2018, a...
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Raise the Stability Fee to 3.5% – MakerDAO – Medium

The Maker Basis Interim Danger Group will place an Government Vote proposal into the voting system to enact a brand new Dai Stability...
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