Review on Maker by Bünyamin Sevinç
Maker
In my post today, I will talk about another project, Maker.
Maker is simply a smart contract platform.
It is not central. There is a coin named Dai on the Ethereum blockchain.
Dai coin is always worth $ 1.
Maker has a smart contract that it offers its users: Secured debt position (CDP). In other words, you can send ERC20 tokens to the platform in exchange for DAI tokens.
In addition, this platform stabilizes the coin. And in doing so, it uses 3 main mechanisms: Target Price, Target Rate Feedback Mechanism and Sensitivity Parameter.
The platform also has its other indicator MKR.
These token; sensitivity changes have the ability to activate a global agreement.
It consists of a team specialized in fields such as biochemistry and software engineers.
Maker has also partnered with important projects such as Swarm, OmiseGO, L4.
Stable coins are one of the most sought after services in the most volatile market in the world, and as a result Maker is a platform that goes well with providing one. However, it's still a developing project but that's not a bad thing.
Thank you to everyone who reads and those who do not.
Pros
- Decentralized and stable coin
- Availability of Dai token
- Many functions of MKR token
- A knowledgeable and specialized team
- important partnerships
Cons
- Not for now.
