Tag: maker dao

Decentralised Finance (DeFi) has ultimately become an integral part of the cryptocurrency ecosystem. Riding on the success of 2021 where many DeFi cryptocurrency watered the dry accounts of its investors, more projects have now sprung up. Interestingly some of these emerging cryptocurrencies have been tipped to outperform the older generation before 2022 ends.

MakerDAO is an open-source project on the Ethereum blockchain and a Decentralized Autonomous Organization created in 2014. The Maker Protocol, also known as the Multi-Collateral Dai (MCD) system, allows users to generate Dai by leveraging collateral assets approved by “Maker Governance.” Maker Governance is the community organized and operated process of managing the various aspects of the Maker Protocol. Dai is a decentralized,...

Decentralised finance or DeFi was already present in 2015 when Maker Foundation launched a decentralised lending platform under the name Maker DAO. But DeFi did not shape up until 2018. In early 2018, Uniswap was already a functioning service, and Compound was launched in 2018. But even then DeFi was not nearly as popular as it became in 2020.

Definitely, speaking of cryptocurrency market niches, we can call the year of 2020 a year of decentralised finance or DeFi. In 2020, we have seen extreme volatility in this market, which reminds us of ICO pumps and dumps of 2017.

There is a need for bridging the gap between an ordinary person and the vast world of DeFi. With respect to this, the crypto to fiat payments gateway, CryptoLocally announced partnering with the DeFi trading ecosystem, MakerDao. The latest...

Maker holds at ascending channel support after rejection at $600. MKR/USD could explore levels below $500 if the 50 SMA support caves in. Maker, a leading project in decentralized finance (DeFi) is showing signs of retreat. The bearish outlook comes after another rejection from $600. At the time of writing, Maker is exchanging hands at The post Maker Price Prediction: MKR Poised For...