$MKR
• Above $2.05 📈
• Below $1.85 📉
Local S/R levels are your TP.
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Nac
My friend who bought a home using a MKR loan is gonna love this
Chairman Birb Bernanke
It's 2033. You have creatively looped the title to your house, using it as collateral, and own 15 houses. The entire housing market collapses after a category 7 hurricane bankrupts Florida. The contagion spreads, worsens. You are liquidated at the bottom. You own no houses.
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Ξlliot
literally one line of code in the ERC20 token standard could have saved untold losses
I can already hear the optimizoooors "but noooooo, the extra gas you're adding, we have to minimize opcodes sirrrr."
think about the tradeoffs implicit in what you're saying: we think it's better to have sharp edges in this mission critical software that's going to handle billions of dollars because it's cheaper in the happy path.
my whole thing is, the sad path will happen, and when it does, the users who lost money will have no recourse and it will have been our fault as developers for not putting these basic checks in.
DAI: 4.39m tokens sent to self
USDT: 305,000 tokens sent to self
Maker: $1.58m tokens sent to self
There's a lot more tokens where this happened and twitter only lets me upload 4 pics. and yeah it's not a sev1, drop everything and fix it kind of issue, it's just more of a critique that no one put the thought into saying, hmmm here's a basic problem and let's work together as an ecosystem to fix it so users don't keep losing money in completely preventable ways.
I'm working on fixing this because no else has.
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1
τop τick crypτo 📁 🤖🧠
What does Grove (another SKY/MKR token) do that Spark doesn't (that also includes some centrifuge products)?
grovefi
Institutional credit needs room to flourish. Grove is creating a landscape where new ideas and capital can take root. Grove offers asset managers, protocols, and institutions a framework that fosters on-chain yield and capital efficiency—helping the future of institutional credit bloom. With $1B from Sky now flowing into the @JHIAdvisors JAAA Fund via @centrifuge, Grove is building the capital highway between TradFi and DeFi. #DeFi #TradFi #RWAs #OnChainCredit
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安东尼Anthony
Syrup rebounded the most violently, Hype MKR is also good, Aave Pendle is slightly weaker, and overall it is not bad, these coins have the opportunity to fall, all of them are DCA, and then the short-term rise can also be an appropriate wave
安东尼Anthony
Unknowingly, the market has been trending towards value coins for a while now. The new PPT coin has been on a decline, but applications like Aave, Pendle, MKR, Hype, Syrup, etc., which have actual income and use cases, have been generally experiencing an upward trend or at least stabilizing without losses in recent months. I believe these tokens will outperform various L1s moving forward. L1s have been hot for so many years, leading to all sorts of crazy valuations, and the path to demystification still needs to continue.
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Maker price performance in USD
The current price of Maker is $1,896.70. Over the last 24 hours, Maker has decreased by -4.66%. It currently has a circulating supply of 901,310 MKR and a maximum supply of 1,005,577 MKR, giving it a fully diluted market cap of $1.71B. At present, Maker holds the 36 position in market cap rankings. The Maker/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
In a push towards decentralization, governance tokens have emerged as a cornerstone of many crypto projects, allowing token holders to stake and vote on protocol modifications. MKR is the governance token for MakerDAO, which plays a pivotal role in ensuring the efficiency, transparency, and stability of DAI, a decentralized, collateral-backed stablecoin.
What is MakerDAO
MakerDAO is a decentralized autonomous organization (DAO) that administers the DAI stablecoin through the Maker Protocol. This protocol enables the minting and management of DAI stablecoins while maintaining their peg to the US dollar using over-collateralization and other mechanisms. The primary responsibility of MKR holders is to vote on changes to the Maker Protocol, which directly impacts DAI. MKR's governance role ensures that the protocol adjusts and evolves in response to the market's demands and potential risks.
The Maker team
Maker was created in 2015 by Rune Christensen, a Denmark-based entrepreneur. He graduated from the Copenhagen University with a degree in biochemistry. He also studied international business at the local Copenhagen Business School. Before founding MakerDAO, he co-founded Try China, an international recruiting company.
How does MakerDAO work
MKR holders are at the heart of the MakerDAO system, actively participating in Executive Voting. Successful votes translate into changes within the protocol. For instance, these token holders set the DAI savings rate, directly impacting the incentives for those who stake DAI. Contributors are rewarded for their active involvement.
MKR tokenomics
MKR tokens, capped at 977,631 in supply, are central to the MakerDAO ecosystem. They empower holders with governance rights, allowing them to shape the system's direction. Beyond governance, MKR is crucial in maintaining DAI's stability, ensuring its value remains pegged and resilient to market fluctuations. Notably, in situations of undercollateralization, MKR is auctioned to cover the deficit.
Furthermore, MKR tokens are used to settle stability fees, which are essentially interest charges on DAI loans. These MKR tokens are subsequently burnt, gradually reducing their overall supply and adding an element of scarcity.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 10K new posts about Maker, driven by 6.4K contributors, and total online engagement reached 117M social interactions. The sentiment score for Maker currently stands at 83%. Compared to all cryptocurrencies, post volume for Maker currently ranks at --. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Maker.
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Posts
9,982
Contributors
6,415
Interactions
117,426,595
Sentiment
83%
Volume rank
--
X
Posts
1,689
Interactions
2,495,879
Sentiment
64%
Maker FAQ
How much is 1 Maker worth today?
Currently, one Maker is worth $1,896.70. For answers and insight into Maker's price action, you're in the right place. Explore the latest Maker charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Maker, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Maker have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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