Maker
MKR
Maker (MKR) Feed: Events, News & Roadmap
MKR/TRY Trading Pair to Be Added to Binance
Binance will open trading for the MKR/TRY on March 27th at 13:00 UTC.
Maker to Participate in SubDAO Genesis in Singapore on September 12th
Maker is set to host the SubDAO Genesis event in Singapore. The event, scheduled for September 12th from 4:00 pm to 8:00 pm UTC, will mark the introdu…
Maintenance
The Maker forum is scheduled for maintenance on Thursday, June 29, 2023, from 8:00 to 8:45 UTC
Governance AI Tools Launch
NewGovToken will provide token gated access to the powerful Governance AI Tools system that enables NewGovToken holders to easily summarize and verify…
Endgame Beta Launch
The first product launch of Endgame will focus on establishing a new unified brand for the ecosystem, and will arrive within several months
Spark Protocol Launch
An end-user, DAI-centered DeFi product deployed on Ethereum with supply and borrow features for ETH, stETH, DAI, and sDAI.
Spark Lend Launch
The first product is Spark Lend which builds upon Aave V3 to bring the best lending market features to Maker.Spark Protocol - a growth-focused arm of…
Listing on Coinstore
New MKR/USDC Trading Pair on OKX
AMA onTwitter
AMA on Twitter
Listing on LBank
Listing on BTSE
Dissolution of the Maker Foundation
Community Voting
Community Call
DeFi Roadshow 2021, South Korea
Listing on BitHash
Listing on WazirX
Listing on P2PB2B
Maker Events on the Chart
What is Maker?
MakerDAO stands at the forefront of the Decentralized Finance (DeFi) realm, centralizing around its stablecoin, DAI, which is pegged to the US dollar and is collateralized by cryptocurrency. The system’s core decisions and functionalities revolve around a Decentralized Autonomous Organization (DAO).
To mint DAI, users deposit cryptocurrency into a Maker Vault, adhering to a preset Liquidation Ratio. Given the inherent volatility of cryptocurrencies, DAI is overcollateralized. A Stability Fee is levied, and if the value of the collateral slips beneath the Liquidation Ratio, the system liquidates it to offset potential losses. The DAO oversees DAI’s stability by adjusting the Stability Fee and the Dai Savings Rate. These adjustments serve as a counterbalance, especially if DAI deviates from its dollar peg.
The MKR token facilitates governance within the MakerDAO ecosystem. Owners of MKR tokens have the power to vote on pivotal aspects, including adjustments to the Stability Fee, configurations of the Dai Savings Rate, smart contract deployments, and broader structural changes. Their collective decisions directly impact DAI's performance and stability in the market.