Maker (MKR) is a cryptocurrency platform in the Ethereum blockchain that sells Dai tokens and seeks to minimize their volatility. This smart contract platform stabilizes the value of the Dai bond through the Collateralized Dept Positions (CDP) platform. The Dai bond is exchanged at a value of one dollar; this brings out its stability feature with several variabilities such as the external market mechanisms and economic incentives. Thus, Dai is on the verge of being the most stable cryptocurrency.
These coins have a stable nature. Thus, they are very useful in some financial markets in the economy such as gambling, international trade, transparent accounting systems and the general financial markets. Hence, there is a great reduction of the huge value fluctuations by mitigating the market risk of crypto-assets as compared to all the other existing cryptocurrencies. Therefore, Dai is less volatile and so, easier for long-term financial planning.
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Topic: What is Maker (MKR)? A Beginner's Guide (Read 135 times)
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