Review on Maker by Dieu Dang

Name: Maker
Item: Maker
Rating: 4

September 17, 2018

Maker is completely transparent about development of its blockchain project…

Maker is completely transparent about development of its blockchain project. MakerDAO creates DAI using CDP smart contracts to collateralize the assets. This means it’s backed by ETH instead of fiat currency, and the CDPs ensure there’s always enough ETH assets on hand to cover the DAI supply. Essentially, CDP contracts hold ETH, and if a black swan event occurs, such as ETH crashing before anyone has a chance to react, MKR is liquidated on the open market to cover the losses.
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Pros

MKR is a token used on the platform beside DAI is a coin for the payment system. As token, MKR can be used to pay several fees related to DAI oriented. basis of a simple banking system built on blockchain technology that allows,and Maker (MKR) is very interesting platform that provides alot of benefit/valuable project, such as their basis of a simple banking system built on blockchain technology that allows international peer to peer transactions.

Cons

Maker is a governance token and therefore, there is a risk in the decisions that it takes and it can even affect the stability of the whole ecosystem.