Maker (MKR) Reviews and details

Social recommendations and mentions

• How to Implement and Deploy a Smart Contract Event Listener with AWS CDK

  At RAILS by P33R, we use this approach. The app allows customers to off-ramp their crypto stablecoins (USDT, USDC, and DAI) into fiat currencies (SGD, PHP). - Source: dev.to / 5 months ago

• Upgradeable smart contracts

  We are going to focus in creating a payments gateway by using the ERC20 standard as the basis for our tokens. This will allow us to share the implementation with other applications that support the standard interface as the popular stable coins: USDC, USDT, DAI. - Source: dev.to / 9 months ago

• Blockchains: Ethereum vs Solana vs Avalanche vs MultiversX (Elrond). What are the differences?

  Ethereum Ethereum boasts a huge load of awesome projects running on its blockchain. Among them, decentralized finance (DeFi) protocols, Uniswap decentralized exchange (DEX) protocol, MakerDAO (a decentralized lending protocol, Curve Finance (an automated market maker), and app.1inch (a crypto exchange aggregator) are the most notable. - Source: dev.to / over 1 year ago

• Tim Berners-Lee: ‘Web3 is not the web at all’

  This is by no means an exhaustive list, just a smattering of some of the bigger projects doing neat things. The graph protocol - decentralized blockchain indexing feeding a network of graphQL servers hosting the data powering dapps https://thegraph.com/en/ Chainlink - decentralized on-chain oracles for basically any piece of data from the real world - https://chain.link/ MakerDAO - creator of the first “soft... - Source: Hacker News / over 1 year ago

• Major crypto trading firm Alameda Research might be insolvent

  There are tons of legit projects that do exactly that The most well known is probably Maker https://makerdao.com/en/ But there's also Aave, Benqi, and a bunch of others. - Source: Hacker News / over 1 year ago

• Summary: How Is Kujira Building It's Own DeFi Ecosystem?

  USK is similar to DAI (stablecoin by Maker DAO) except is much less reliant on censorable collateral like USDC. Source: over 1 year ago

• DAI.grv de-pegged

  I'm not actually sure how they operate but I think they set things like the ratios of assets they accept as collateral for DAI minting. DAI being a stablecoin backed mostly by ethereum, USDC and derivatives of these. Https://makerdao.com/en/. Source: over 1 year ago

• Ask HN: Why do we need central bank digital currency (CBDC)?

  Because stable currencies do not exist in the world of cryptos? Dai [1], Rai [2], and USDC [3] are some examples that are all stable, and all dramatically different from each other. Fees are currently as low as $0.03 on Ethereum layer-2 solutions (!= side-chain) [4]. The fees will further fall as the technology improves, and once L1 gets (data-/dank-)sharding and other L2-scaling oriented upgrades. [1]... - Source: Hacker News / over 1 year ago

• A Brief History Of Stablecoins

  DAI draws its inspiration from the failed BitUSD experiment, and traces its origins back to 2015, when the upcoming Ethereum platform offered the possibility of complex smart contracts for the first time. DAI is a decentralized stablecoin, generated by the Maker Protocol, which is managed by the MakerDAO community. Unlike fiat-backed stablecoins, every DAI is collateralized by at least $1 worth of on-chain... Source: over 1 year ago

• DeFi 101: Explaining DAOs

  MakerDAO is a decentralized financial system that supports the Dai currency, a popular stablecoin. Additionally, MakerDAO seeks to assist in the adoption of digital currency into real world applications, such as incorporating Dai into brick-and-mortar businesses. Source: over 1 year ago

• Helio

  Helio is rising earnestly from the ashes of a difficult stablecoin lesson to be learned. Through BNB over-collateralization Helio is emulating tried-and-true stablecoin protocols to ensure that $HAY holds its peg for perpetuity. Source: over 1 year ago

• Deconstructing DeFi

  A final example of a token is a "stablecoin". A stablecoin is a token which is kept by the issuer at a fixed price in terms of a government currency, generally the US dollar. Tether maintains a popular stablecoin known as USDT by keeping reserves matching the supply of the token. Other approaches include that used by MakerDao for its stablecoin Dai, where reserves are decentralized and take the form of tokens or... - Source: dev.to / over 1 year ago

• Is Dai a Good Investment

  DAI is a "Stable coin" its used for an alternative to your fiat currency such as the dollar. I definitely use it , and I think it's my main stability token: https://makerdao.com/en/. Source: almost 2 years ago

• Tether Required Recapitalization in May 2022

  Not quite. Dai is an ERC20 token on top of Ethereum. It might be more accurate to say Dai is a stablecoin coupled to MKR (MakerDAO), a governance token. Dai is over-collaterlized. https://makerdao.com/en/. - Source: Hacker News / almost 2 years ago

• Economics of the web3 project -part 3 DAO economic model

  MakerDao — an Ethereum-based protocol that issues the Dai stable coin and facilitates collateral-backed loans without an intermediary ( Loans without the need for banks and a bunch of legal stuff). https://makerdao.com/en/. Source: almost 2 years ago

• Ask HN: Why is Hacker News so anti-crypto?

  Https://makerdao.com/en/ (there is a growing "real-world asset" pool as well). - Source: Hacker News / almost 2 years ago

• The global village

  The entire system is much more complex than this and can be considered one of the most creative systems out there on blockchain right now, so if you want to learn more about it, check out the website. - Source: dev.to / about 2 years ago

• Leverging the BAT market cap to grow Brave adoption

  MakerDAO is the OG DeFI app. The DAI is soft-pegged to the dollar, and they keep this peg by accepting overcollaterized loans. When it started it accepted only ETH, but now it works with many different tokens, BAT included. Source: over 2 years ago

• Crypto Developer Research

  We're the SES team at MakerDAO and are researching the best ways to onboard & retain developer talent in crypto & Web3. Understanding your dev journey will allow us to make this space more attractive & accommodating for all contributors. Source: over 2 years ago

• Smart or stupid? My friend is putting his future down payment into USDC and lending on crypto.com for 10% APY for 1 year

  Basically a decentralized stable coin. I'll point you in the direction of Maker DAO and let you DYOR. https://makerdao.com/en/. Source: over 2 years ago

• What are the most interesting blockchain-associated projects?

  DAOs of all stripes. Basically non jurisdictional corporations with arbitrary decision making functions. Used for everything from governing crypto protocols, to software dev contracts, crowdfunding random stuff, and building a physical community in Wyoming. Source: over 2 years ago