Brief Description
Maker is a peer-to-contract lending platform enabling over-collateralized loans by locking Ether and other ERC-20 tokens in a smart contract and minting Dai, a stablecoin pegged to the US dollar. Dai’s stability is achieved through a dynamic system of collateralized debt positions, autonomous feedback mechanisms and incentives for external actors. Once generated, Dai can be freely sent to others, used as payments for goods and services, or held as long term savings.
Crypto Category – Decentralized Autonomous Organization
Mining or Staking Consensus – Neither
Can you earn interest on LINK? – Yes, through decentralized applications like AAVE.
Maker Price Chart
Technical Analysis – Should You Buy MKR Today?
Resources For Due Diligence
Message Boards
Social Sites
Blockchain Explorers
MKR Trading Ideas
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