Maker (MKR)

Backbone of asset backed stablecoin DAI

#43

Marketcap Ranking

2,057.302 (-1.44%) arrow_drop_down

Market Price (24h change)

2,063,790,695

Total Market Cap

3.2

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info_outline What is Maker

4.5

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Maker Short Description

The Dai Stablecoin is a collateral-backed cryptocurrency whose value is stable relative to the US Dollar. We believe that stable digital assets like Dai Stablecoin are essential to realizing the full potential of blockchain technology.

Maker is a smart contract platform on Ethereum that backs and stabilizes the value of Dai through a dynamic system of Collateralized Debt Positions (CDPs), autonomous feedback mechanisms, and appropriately incentivized external actors. Maker enables anyone to leverage their Ethereum assets to generate Dai on the Maker Platform.

Once generated, Dai can be used in the same manner as any other cryptocurrency: it can be freely sent to others, used as payments for goods and services, or held as long-term savings. Importantly, the generation of Dai also creates the components needed for a robust decentralized margin trading platform..

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Maker Explanation Video

MakerDAO Review: Complete MKR Overview | Coin Bureau

► DAI Video https://www.youtube.com/watch?v=c7ucnCQmhiE ► Complete DAI Review: https://www.coinbureau.com/education/what-is-dai-coin/ ► DAOStack & Decentralised Governance: https:/ ...

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Screenshot from Website

makerdao.com
Maker Websitemore_vert

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Website Informationclose

Organization: Whois Privacy Service
Name: On behalf of makerdao.com owner
Country: US
City: Seattle
Zipcode: 98108-1226
Address: P.O. Box 81226
Mail: abuse@amazonaws.com
Creation date: 2015-03-17
Expiration date: 2022-03-17
Nameserver: GUY.NS.CLOUDFLARE.COM

build Maker Product Analysis

4.3

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Maker Whitepaper

Maker (MKR) is a utility token, governance token and recapitalization resource of the Maker system.


The whitepaper of Maker is 21 Pages long.

The most influencial keywords are: Collateralized, Market, Price, Pricing, Debt, Risk, Platform, User, Governance, and Governments.

file_downloadOpen Whitepaper
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Maker Competitors

  • 1.) Veritaseum

    Veritaseum builds blockchain-based, peer-to-peer capital markets as software on a global scale. We enable the seamless connection of parties and assets without the need for a third or authoritarian interest. Any entity with internet access can participate in these capital markets on a peer-to-peer and one-on-one basis.

  • 2.) Kin

    Kin is a cryptocurrency designed to bring people together in a new shared economy. KIN is swapping token from ERC-20 Ethereum to KIN blockchain based on Stellar.

  • 3.) Gnosis

    Gnosis builds revolutionary market-driven forecasting technology to let you shape the future.

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Maker Product Analysis

Maker was founded back in August 2015. Its source code was released publicly on github on October 2018 under the GNU Affero General Public License v3.0 license.
Organization wise, Makers Development is Centralized and is being developed under the lead of Greg Diprisco.

The consensus on which the Maker network is run is called Not mineable, while the underlying algorithm is called None.
In the current state of Maker currently is Working product

group Maker Community Analysis

2.6

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Maker Communities & Events

The Maker Protocol, also known as the Multi-Collateral Dai 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, unbiased, collateral-backed cryptocurrency soft-pegged to the US Dollar. Resistant to hyperinflation due to its low volatility, Dai offers economic freedom and opportunity to anyone, anywhere.

view_list r/MakerDAO Subreddit
person 23,094 Subscribers
directions_run 366 Active Users
create 3 Daily Posts
speaker_notes 1 Daily Comments
linkOpen Subreddit

view_list Telegram: Contact @MakerdaoMKR Channel
person Members
directions_run Online
linkOpen in Telegram

Official Twitter account for Maker

view_list @MakerDAO Channel
person 124,741 Followers
03.19.2021
18:34
An executive vote has been added to the voting portal to: 📈Increase the ETH-A Maximum Debt Ceiling from 2.5 billion DAI to 15 billion DAI. 📈Increase the WBTC-A Maximum Debt Ceiling from 350 million DAI to 750 million DAI. More 👇 167 favorite
03.19.2021
16:37
Blockchain bridges enable interoperability between different networks, such as Bitcoin and Ethereum, and between a parent blockchain and its child (sidechain). Read more about why they're important for #DeFi: https://t.co/qcXbW5P89u 34 favorite
03.15.2021
17:05
A number of governance polls have been added to the voting portal. 🟢Community Greenlight polls for: SNX (Synthetix) sUSD (Synthetix USD) aAAVE (Aave AAVE) aWETH (Aave wETH) SolarX (Uprets/SolarX REIT) xSUSHI (Sushibar) More 👇 175 favorite
03.12.2021
17:30
An executive vote has been added to the voting portal to: 🪙Onboard ETH-C as a new collateral type (vaults would have different parameters than ETH-A and ETH-B) ↕️Stability Fee changes to multiple collateral types More 👇 28 favorite
03.12.2021
16:26
[INFOGRAPHIC] Explore a brief history of #DeFi. 🧠 A look at the history and amazing trajectory of decentralized finance (DeFi), and why many believe it’s important to the future of finance. Full blog + image download: https://t.co/rWsTE0RNOe https://t.co/PbQwPbCiHW 58 favorite
03.08.2021
17:41
Maker Foundation Board Chairperson @IPProfEvans discusses her passion for #DeFi and its potential to welcome minorities and offer financial inclusion for all: https://t.co/ZykbU0UzHI 43 favorite
03.05.2021
20:00
An executive vote has been added to the voting portal to: 🛠️Parameter Updates 🏘️Onboarding Real World Asset 001 (RWA-001) MKR holders can vote at https://t.co/g9vSgxm089 Read more about the proposal here: https://t.co/OJ5lvZiTiN 29 favorite
03.04.2021
17:54
Maker Improvement Proposals (MIPs) are how changes and additions to the Maker Protocol and the DAO are suggested to the governance community. A new MIPs Portal has been developed to help the community more easily keep up with developments. Read more: https://t.co/Ey2miTi9MF 27 favorite
03.03.2021
16:30
📅This Tuesday, March 9th @ 18:00! @bkiepuszewski from Maker will give his presentation "Blockchain Architect at Maker: Intro to Level 2 solutions" Sign up for the online meetup here: https://t.co/NVXA5xrdv4 31 favorite
03.02.2021
17:39
The latest Making Maker is live! Get up to speed on all things Maker that took place in February, including the most recent blogs, events, and governance updates. https://t.co/f1zjoEqujh https://t.co/HXZcAVh8W7 38 favorite

There are no events for Maker in the next 3 Months

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Maker Google Trends


The Google Trends chart displays the search interest on google in Maker relative to its peak over the last year. A rising chart shows growing interest int he project.

code Maker Development Analysis

3.3

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Maker Github Analysis

Code Updates (Commits)


Every change to the codebase of Maker is registered as a commit. More active projects have many commits, dead projects nearly none.

Code line changes (+/-)


Extending a project results in many new lines of code. Changing existing code results in nearly the same amount of additions and deletions. Projects that are growing show a large number of code additions with relatively few deletions.

Programming languages

Repository Numbers

star 450 Stars
remove_red_eye 53 Watchers
usb 111 Forks
sync_problem 0 Open Issues
border_color 0 Comment Coverage
lock_open GNU Affero G License

attach_money Maker Price Analysis

4.1

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Maker Price Prediction

$ 2,095.583 (1.27%) arrow_drop_up

Predicted USD Market Price in 24h by Coinpaper

$ 2,012.201 (-2.76%) arrow_drop_down

Predicted USD Market Price in 14d by Coinpaper

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Converter MKR - USD

Convert between MKR and USD with the live Maker prices, aggregated from all big exchanges that trade Maker.


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Market insights

Volume from exchanges is considered untrusted if the exchange has little reputation and no License but reports suspiciously high trading volume in particular coins.

account_circle Maker Team Analysis

4.8

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Maker Team

Maker Team Leader

Rune Christensen - Ceo
Chief Executive Officer and Cofounder of MakerDAO. Since 2015, he has focused on establishing the vision and organizational structure of the Maker Decentralized Autonomous Organization and the economic foundations of the Dai stable digital currency. Previously, he served as co-founder of Try China, a company providing international recruiting.


supervisor_accountSocial Network Links

Maker Team Members (55)

launch

Greg Diprisco

Head of business development

launch

Soren Peter Nielsen

Head of product

launch

Steven Becker

President & coo

launch

Bartek Kiepuszewski

Head of product

launch

Lev Livnev

Economic research lead

launch

Wouter Kampmann

Integrations pm

launch

Coulter Mulligan

Head of marketing

launch

Henry Doe

Head of ux & design

launch

Mike Porcaro

Head of communications

launch

Jacek Czarnecki

General counsel

compare_arrows Maker Exchanges

Maker Markets

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# Exchange Pair Price 24h Volume Trusted
# 1 Binance MKR/USDT $ 2,062.877 $ 4,891,719 check
# 2 Coinbase Pro MKR/USD $ 2,061.990 $ 4,199,162 check
# 3 Binance MKR/BTC $ 2,055.489 $ 624,024 check
# 4 Binance MKR/BUSD $ 2,060.448 $ 429,415 check
# 5 Coinbase Pro MKR/BTC $ 2,050.552 $ 412,956 check
# 6 Binance MKR/BNB $ 2,057.351 $ 75,564 check
# 7 Bittrex MKR/BTC $ 2,059.737 $ 39,068 check
# 8 Bitfinex MKR/USD $ 2,071.400 $ 34,365 check
# 9 Bitfinex MKR/BTC $ 2,078.394 $ 7,041 check
# 10 Bittrex MKR/USDT $ 2,110.926 $ 4,510 check

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