Review on Maker by Crypto Tips

Name: Maker
Item: Maker
Rating: 5

September 15, 2018

A great alternative to Tether USDT worth investing in. Maker/DAI serves a…

A great alternative to Tether USDT worth investing in. Maker/DAI serves a necessity in the growing market.
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Pros

True decentralized Stablecoin (Dai provides a stable way to “Exit” an investment), more Dai usage means Higher MKR Value, allows leveraging of Ethereum assets and extremely low circulating supply (high demand)

Cons

Audits will need to prove US Dollar backing (some Tether has avoided and is heavily disliked for). MKR shows erratic price action in the markets. Seems to struggle with finding steady support