Review on Maker by Aistel Steven

Name: Maker
Item: Maker
Rating: 4

September 16, 2018

Maker DAO introduces the Dai Stablecoin system to allow stable value…

Maker DAO introduces the Dai Stablecoin system to allow stable value cryptocurrency (Dai), which is linked to the US dollar. This allows users to invest and fully exploit cryptocurrency without worrying about market volatility to the point where there are unstable Crypto calls. There are many strategies to keep the value of Dai stable. The white paper shows a well-considered response to potential system problems and mitigations.
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Pros

Maker works to minimize the volatility of DAI, its stable token, compared to the U.S. dollar, with holders of MKR tokens governing DAI. Stable digital assets are necessary to let blockchain technology reach its full potential. Because of this, it introduced Dai, which is backed by collateral.

Cons