1 Level
11 Review
1 Karma
Review on Maker by Bin Laden
Stability is a valuable aspect of a cryptocurrency. The Dai Stablecoin System…
Stability is a valuable aspect of a cryptocurrency. The Dai Stablecoin System offers a potent and practical solution to stabilize the value of Dai on an Ethereum based platform that works with a collateral backing to attain stability. With a direct Risk Management role of the MKR token holders, the new coin is entirely risk controlled. If a user closes the smart contract CDP, they are basically dissolving the DAI amount to regain the collateral they had given to the marker platform.
Pros
- MakerDAO Eliminating the volatility aspects of cryptocurrencies, Maker brings a huge investment benefits along with it as it is stable as it creates Dai to minimize the risk.
Cons
- I see MKR as a reliable investment even at the current quite high price. However, even more so than usual, I urge you to understand this complex token before investing in it. Staying up to date with the project and predicting major releases by participating in the weekly calls will allow you to stay ahead of the game and move before the market does on MKR.
