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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.

Govt Vote: Modify A number of Threat Parameters

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The Maker Basis Interim Governance Facilitator has positioned an Govt Vote into the voting system, which can allow the neighborhood to approve the...

Modify Threat Parameters, Governance Safety Module and Liquidation Freeze Module

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Information, tales, and bulletins from Maker. ...

MKR Debt Public sale Announcement and Particulars

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UPDATE: The MKR Debt Public sale will now happen at roughly 10:28 ET (14:28 UTC) on March 19. As a consequence of current...

Current Market Exercise and Subsequent Steps

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Information, tales, and bulletins from Maker. ...

Introducing Maker’s Dai Gaming Initiative

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At present, the Maker Basis publicizes a transfer into gaming by means of the brand new Dai Gaming Initiative, a focused method to...

Changes to Dai Stability Charge and Sai Stability Charge – March 9, 2020

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Information, tales, and bulletins from Maker. ...

Set the Dai Financial savings Fee Unfold

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The Maker Basis Interim Governance Facilitator has positioned an Government Vote into the voting system, which is able to allow the group to...

Why Dai is the Most Used Cryptocurrency within the DeFi House

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Information, tales, and bulletins from Maker. ...
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