MKR

LargeSnorlax

DOGE went up 500% this year. PEPE went up 200x this year (not %) SHIB went up 300% this year. Randomly picking some "utility alt coins": ARB is down this year. ATOM is down this year. OP, IMX both down this year. XMR is down this year, MKR is barely up this year. Sure, *some* projects are doing good, and some are doing bad. But it's not like it's a sure fire gain to buy "utility alt coins" instead of memes, nor is it a golden bullet to just buy memes over other projects.

epic_trader

>Why is the Ethereum Foundation selling ETH instead of borrowing cash against it? Because they aren't interested in speculation, they aren't a for profit company, they don't want to stick around forever and they really shouldn't be gambling and engaging in those kind of activities. >They build the tools for decentralized loans, right?! No. MKR and Aave and many others did. Ethereum Foundation is mostly focused on research and development. They also do a bunch of other things, but that's the main thing. They don't actually build any applications or maintain wallets or anything like that.

simmol

If you take a look at the worst performing coins in the last week (from top 100), most are projects associated with ETH: AAVE, POL, MKR, UNI, OP, ARB, etc.

holduntil2020

even MKR is waking up now

vb90

Massive sell-walls. The new token, SKY, is a disaster tokenomics wise. Basically there is zero incentive to hold MKR.

vb90

MKR is going to crash soon. Holders beware!

vb90

What's happening with that MKR to SKY conversion? Is it a rug-pull?

MozzerellaIsLife

ETH, BTC, AAVE. Low that L2s are in the mix, I see AAVE (and to a lesser extent MKR/SKY) really changing how I will take out collateralized loans in the future.

Ur_mothers_keeper

So I don't touch anything that didn't survive at least one bear market. This means I miss out on the exploding new things, but the Sharpe ratio on that class of coins is much worse than what I do. It's risk management. There's no real news in the crypto world that's going to give you a heads up on anything. I stick to the original principles of this stuff: censorship resistance, decentralization, self custody, crypto as money, privacy, empowering the user. Anything with a dev tax, weird staking schemes and other perpetual motion machines, "blockchain can solve all the worlds problems" and stuff like that are to be avoided. These are the fundamentals in this world. Sticking to those doesn't guarantee that you make money, there are plenty of projects that fit that bill that just nobody paid attention to, or they don't have a value add big enough to overcome existing networks' network effects, but you can be certain, the ones that do explode to be worth something long term have these traits. At this point in time, investment wise, the only things that stand a chance IMO of paying off are BTC, BCH, XMR and ETH. There are some cool things on the ethereum network, MKR is one. There are some others that are fantastic but for one reason or another haven't paid off financially even though they are really cool, GRIN, Firo and Pirate chain are some, as examples that even sticking to the principles I outlined carries risk. There are also some that could pay off but we just don't know yet, darkfi is one project worth watching, and maybe having a few coins just in case is not a bad idea.

ProfessorOfThought

It's only reasonable to buy altcoins that got a huge uptick in the last bullrun. Coins like LTC, DASH, BCH, COMP, MKR, ICP will melt faces again regardless of what you think of them as past glory! As for the new boys, sleep on FET, SOL, TAO at your own doom!

admin_default

They claim MKR and DAI will continue separate from SKY and USDS, aside from a unidirectional conversion mechanism. They also claim the freeze feature might not go live. Seems shady AF

Odd-Radio-8500

#Today's main events US - Fed Interest Rate Decision US House Committee Crypto Hearings - 2/3 MKR • DAI $SKY $USDS Upgradable SHIB - Liquid Staking Launch

coinfeeds-bot

tldr; A cryptocurrency trader lost $1.13 million in 50 days after selling their MakerDAO (MKR) position following the announcement of its rebranding to Sky Ecosystem (SKY) and the launch of a new token, SKY. Initially holding 1,100 MKR tokens valued at approximately $2.91 million, the trader sold them for about $1.77 million. The rebranding and new token launch led to skepticism and fear, contributing to an 18.58% drop in MKR's value over 30 days. This event serves as a cautionary tale about the volatility and risks in the cryptocurrency market. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; A cryptocurrency trader lost $1.13 million in 50 days after selling their MakerDAO (MKR) position following the announcement of its rebranding to Sky Ecosystem (SKY) and the launch of a new token, SKY. Initially holding 1,100 MKR tokens valued at approximately $2.91 million, the trader sold them for about $1.77 million. The rebranding and new token launch led to skepticism and fear, contributing to an 18.58% drop in MKR's value over 30 days. This event serves as a cautionary tale about the volatility and risks in the cryptocurrency market. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

noviwu97

MKR replaced by SKY that has inflation. This is another MATIC to POL case

coinfeeds-bot

tldr; MakerDAO has rebranded to Sky, introducing a new stablecoin, USDS, and a governance token, SKY, as upgrades to DAI and MKR, respectively. USDS and SKY were launched on Aug. 22, offering 1:1 parity with DAI and a 24,000:1 exchange rate with MKR. The rebranding includes the Sky Protocol, which allows liquidity provision for USDS with rewards paid in SKY. The upgrade is optional, with the possibility to swap back to the original tokens. This move is part of Sky's 'Endgame' proposal to push its products into the mainstream by making fundamental changes in governance and tokenomics. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; MakerDAO, a leading decentralized finance (DeFi) lender, is rebranding to 'Sky' and introducing new tokens as part of its overhaul. The new USDS stablecoin and SKY governance token will launch on September 18, alongside a new DeFi application. Existing tokens DAI and MKR will remain unchanged, and users have the option to exchange voluntarily. These changes are part of the protocol's ongoing 'Endgame' overhaul. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

biba8163

I posted this 4 years ago when people tried to call MakerDAO decentralized and that a change was made due to "governance" vote that was passed...they deleted the link to details of the "executive vote" proposal. You really have to be a crypto bro level of naive and gullible to believe that MakerDAO or any DAO is decentralized. > There are ELEVEN addresses that accounted for 98% of the voting for the protocol change for an "executive vote" used USDC. Eleven addresses control the entire protocol and a protocol change was voted in just...what 24 hrs? And most of those addresses are probably owned by a handful of people. I mean one guy, Rune Christensen, can control the whole protocol with his votes and 90% of the MKR tokens are owned by 100 wallet addresses. https://np.reddit.com/r/CryptoCurrency/comments/fl68d4/crypto_collateralized_stable_coins_have_proven/fkxc40i/

admin_default

My reasoning was clearly stated: AAVE has the highest TVL in the entire industry, insanely rapid growth and among the lowest relative prices. I also bought plenty of MKR @ $600 years ago, and I sold at around $4K. Maybe I’m just lucky all the time. My money bags don’t care.

jawni

Maybe you were right but didn't really have much reasoning besides that you didn't like MKR and that AAVE released GHO... which would make sense if had released 2 months ago, but it's been out for a year. Seems like you got lucky on the timing more than anything. Shit, you better hope MKR doesn't start performing well, that would also invalidate the rest of your theory.

biba8163

I am fascinated by all these Ethereum cash cows like AAVE, Maker etc. would easily invest in them if they shared a solid percentage of their revenue. But they are greedy bastards. You are buying a token, AAVE in this case with unknown inflationary pressure and it's a fucking governance token. I think MKR does give you some profits in an indirect way with some buybacks and burn but it's almost bullshit governance. And Rune Christnenson controls most of the supply and the votes. The idea sold by Ethereum back then all sounded great with these DAOs essentially being decentralized companies where the holders have a stake. Now that you have all these cash cows and all the token holders do is get a lousy vote.

SquatDeadliftBench

Only if you invested in these in the last year, they outperformed BTC or kept up with it:  Solana, HNT, BNB, NEAR, MKR, and RUNE. 

Aerocryptic

MKR improved its tokenomics during last bear. I was specificially talking about the DAO takeover that happened recently with Compound. It shows how nobody cares about governance protocols, even the big holders. What shoudl have been done but was too risky is sharing the protocol revenue. Governance is a choice by default to create a token

quad-shooter

CLSK, NVDA and MKR are one to hold onto if you're in the long game. Try some contract trading if you know how to read indicators. Scalping can be fun too, but requires full attention.

higher-steaks

There is also MKR for a value play. MOE for a small cap play.

Salonicryptotimes

Hi there! Maker (MKR) and Aave (AAVE) are good options for RWA projects. Aave is more concerned with decentralized lending, while Maker handles stablecoin issue secured by physical assets. Because of this bull run, they're worth checking out!

Blooberino

The last few time MKR had a great day, BTC followed shortly thereafter.

biba8163

> I think people can grasp “token = equity” easily enough I think people who are still falling for the "governance token" scam thinking it works like stocks are either new or naive. The founders keep the majority of the tokens and control governance or the token holders have no say in the protocol at all. This is very different from publicly traded companies where the Board of Directors are elected by the shareholders and the board elects the CEO. I posted this 4 years ago when people tried to call MakerDAO decentralized and that a change was made due to "governance" vote that was passed...they deleted the link to details of the "executive vote" proposal > There are ELEVEN addresses that accounted for 98% of the voting for the protocol change for an "executive vote" used USDC. Eleven addresses control the entire protocol and a protocol change was voted in just...what 24 hrs? And most of those addresses are probably owned by a handful of people. I mean one guy, Rune Christensen, can control the whole protocol with his votes and 90% of the MKR tokens are owned by 100 wallet addresses. https://np.reddit.com/r/CryptoCurrency/comments/fl68d4/crypto_collateralized_stable_coins_have_proven/fkxc40i/ Same bullshit happened with the Aragon DAO where a whale controls everything in Aragon: > AGP42 : Put differently: aside from one whale, AGP42 passes. The Aragon community overall voted for AGP42, but it was rejected with 69% of the vote because of one whale. > AGP37: 82% in favor of AGP37. 453k to 99k. But then the whale voted. So despite 83% of addresses voting in favor of AGP37, on the surface it appears to be a large defeat where 66% vote against. > AGP-35:: Here’s another case in point: Edgeware Lockdrop Proposal for Aragon..The 792k whale voted for this. Deduct the whale’s votes and you get 338k. Which means that this proposal was losing by about 15% at ~43% versus ~57% pre-whale. Then the vote went from losing decisively to winning by a massive landslide. So aside from the whale, the Aragon community voted against Edgeware lock drop participation https://evanvanness.com/post/184616403861/aragon-vote-shows-the-perils-of-onchain-governance Algorand governors had no say in the massive token dump, buying of FIFA sponsorship or buying of dead file sharing companies. NEM, Stratis, IOTA, Polygon, RocketpPool, etc had no say when insiders decided to increase the token supply from a fixed amount by 20%, 60% or unlimited amount diluting the value of people who invested and creating more downward pressure.

theabominablewonder

Memecoins are all pump and dumps, basically there’s only a few scenarios that play out, 1) you get in early on a meme coin that then pumps in price and you can offload to later buyers 2) you buy when it’s already been pumped by influencers and you are their exit liquidity 3) you buy a memecoins when it’s low and there’s no traction so it stays low or goes down further. No one makes a memecoin for longevity - it’s a meme, they’re short lived. They are created, influencers, twitter accounts etc try to hype it up, and then they dump on people and exit with funds. Similarly there’s a whole ton of non meme projects that will have a large token supply and will dump on people after hyping their project. The only real sound options are either established protocols like (I don’t own any) MKR, UNI, etc, L1 blockchains like ETH, DOT, etc, or BTC (safest). All that being said if you are comfortable risking what you are putting in then go for a memecoin, you could hit the big one.. but you should generally expect to be someone’s exit liquidity and lose what you put in.

SilasX

Future news: DAI now the target of financial enforcement. (But way too late to close my MKR short...)

99Beers

Me experience uploading Coinbase CSV which is marketed to have integration with a major tax software org: Says I sold 0.000031 MKR. Asks me how much I won or lost in the trade. 1 - I never sold such an small amount of MKR 2 - it asks me my profit/loss on this trade. It's multiple decimals beyond $0.00. Software doesn't allow user to enter below two decimal places. Thank god I've been keeping track through portfolio trackers to have a pretty good estimate of cost basis. I also track separately when I sell with this info.

disco-cone

Look at how DAI and the MKR dao works. It's literally how commercial banks work. Yeah it's true the fed and the treasury are the layer one money printers but commercial banks are the second layer money printers. They are incentivised to issue more loans faster than they are paid back since that will increase their profit. Because everyone loan books are continually expanding the money supply will keep increasing in the long term. It's very rare for it to contract.

SilasX

Ooh! Ooh! Do Maker tokens (MKR) now!

Salvashunned

I have half a MKR coin i bought under $1000 last year and it has been fun watching it get erect Now I have to wonder when I should sell

split41

Hardly there’s lots of solid projects making gains MKR has more than doubled as well

der789

MKR is an absolute beast. Wish I'd gotten in early on that one.

msc125

Maker (MKR) just momentarily dropped ~94% then bounced back up, anyone know what happened? Or was it a CMC glitch?

CrazyK9

Nice write-up on Ethereum L2's. If I lock tokens on an L2 like Arbitrum and something were to happen to the project what happens to the locked tokens? Say I were to lock MKR for long hold in my cold wallet. Vitalik's \[L2\](https://vitalik.eth.limo/general/2023/10/31/l2types.html) guide  states a rollup based L2 "You can always bring the asset back to L1". Does it apply even if Arbirtrum were to go belly-up? I understand wallet addresses on L2 and L1 are the same. Thanks

Blooberino

On June 11th, 2023, i put a shits and giggles position on MKR at $596. It's been one of my best performers and it was just a small entry.

definoob01

MKR :( Unbelievable that one of the few projects actually doing useful stuff *and* turning a profit has underperformed this badly.

SilasX

The MKR token is definitely a security. At the point where you use the profits from other securities to pay dividends via a share buyback, you’ve got a security on your hands.

definoob01

Funny how all these AI tokens are rising and Maker is going all in on AI, yet crickets from my MKR bags

wooly_torch

My january snapshot: ONDO- poised to run? MANTA- when will it cool down? PENDLE- interesting chart mmhmm yesss… MKR- is this old dog waking up? what does that say about other DAOs ALEPH- has this train passed or is it getting revved? RLC- lookin’ juicy ASM- hmmmmmmmm.

steardSetsd

They fail to realize it’s a marathon and not a sprint; lowkey I think some(if not most) of these institutional players are already priced in. Eyes on ETH and probably other alts like the institutional grade DeFi platforms e.g MKR, SPOOL, PENDLE etc. These are the potential “5x in a day” kinda investments because of their low mcaps compared to BTC

TyroneWallinson

$MKR nearing 2k a coin. Unreal……

boneriffic

Thank you for this. Google news and Reddit is a bit lacking on MKR.

Smiling_Jack_

>This will likely change in 2024 with the rollout of the completely new brand and a token share split of MKR to the new branded governance token codenamed New Governance Token (NGT). The ratio will be 1:24,000 MKR:NGT, **and as superficial as this seems, this is how retail think**s. lmao sad but true.

boneriffic

Anyone know what's going on with MKR?

Grunblau

What will be the best DeFi protocols to invest BTC. If people find that they have value that can be farmed rather than cashed, what BTC friendly projects will get the most attention? Will we see MKR or AAVE on a post BTC rally or something like BIFI, etc?

Many-Ad-7066

What about MKR?

Liver-detox

I can swing trade “reliably”. But it took years of practice & it takes an unreasonable amount of time & patience. And I still sell too early 85% of the time. occasionally get stuck with a dud. Right now I’ve got 2 dud MKR. I have learned not to buy near the top. Knowing when to sell is a challenge. I think Ican on the spectrum why I can spend all day watching crypto and reading charts. A trader is happy when he’s trading.

Liver-detox

Except for Xrp & Doge that’s exactly what holding minus the MKR, STX & TIA Swinging

upscaleHipster

Souns like when MakerDAO liquidated a lot of CDPs for $0 due to a design bug during network congestion and asked the MKR owners to vote for the refund (thus decreasing the value of MKR). We all know how that went.

PokeJem7

MKR according to this is insanely low... Is that a bug, considering its still #57?

SilasX

compound.finance. WBTC and ETH as collateral, borrowing MKR and LINK. I got rekt.

Ur_mothers_keeper

Monero, bitcoin, ethereum, MKR, grin (but not for a while if you're just trying to buy some and sit on it). That's all.

jawni

I like MKR now that they've expanded to RWAs but why do you think the others will do well?

AverageJak

Gona sell my trashbag of CKB. Thinking Uni or MKR.. which one?

unholyfire

Oh, I don't buy MKR. I use it as an indicator for BTC movement/dumps.

der789

I'm all for it. Will buy MKR at the right price, but want BTC more.

der789

MKR's pattern is tricky for me to get a read on.

nthgen

Is MKR the last to pump?

unholyfire

MKR being green anything over 10% in 24hrs is my sell flag for an incoming massive red dildo on BTC. Time will tell if this trend continues.

ettoneba

I acquired $BTC at 16k last year and plan to maintain a long-term hold. I'm also gradually increasing my position in XTP and MKR using a weekly DCA strategy. These assets look like promising long-term investments for me.

Still_It_From_Tag

No MKR tho

SilasX

They’re leaving Maker tokens (MKR) off the hook because … ? Remember, they started using returns from government bonds to buy back tokens.

andymcd_

On DAI, anyone know how profits are distributed? Are MKR holders the sole beneficiary?

coinfeeds-bot

tldr; The Hong Kong Virtual Asset Consortium (HKVAC) has announced that it has added XRP, Hedera (HBAR), Maker (MKR), and Quant (QNT) to its indexes. The rebalancing results for the HKVAC Key Indexes and HKVAC Market Indexes will be available on their website and will come into effect on October 20, 2023. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

CleazyCatalystAD

BTC in profit, ETH in profit, ATOM in profit, LINK in profit, MKR in profit, MATIC in profit, ADA in profit……

conceiv3d-in-lib3rty

>Is it just to allow the borrower gain access to USD without having to sell the collateral? This is essentially the main draw to all stablecoins. But to expand on your question, the purpose of DAI is to have a dollar pegged stablecoin that is completely decentralized. Due to its design, the supply of DAI cannot be altered by any party in the network. Rather, it is maintained through a system of smart contracts designed to dynamically respond to changes in the market price of the assets in its contracts. Volatility of the collateralized assets would technically be a draw back to this ubiquitous system, but MakerDAO employs a bunch of different risk and collateral mechanisms. Through the DAO, MKR token holders assign risk parameters to each collateral asset that outline the amount of debt that can be created by that collateral type, the amount of volatility the asset is expected to experience, and what happens if the collateral must be liquidated in the event that it no longer covers the amount of outstanding debt borrowed against it. In the event that there is market volatility and the collateral deposited no longer covers the outstanding debt, the collateral will be liquidated via an automated process. Automated market actors who take advantage of arbitrage opportunities (called Keepers) bid in Dai for the collateral from a liquidated vault. This Dai is subsequently used to repay the vault’s debt and a liquidation penalty fee. If enough Dai is received from the collateral auction to cover both the debt repayment and the penalty fee, the leftover collateral will be returned to you as the vault owner. If the auction fails to garner enough Dai to repay your vault’s debt, the debt becomes “protocol debt” and is covered by the Maker Buffer, a pool that contains the fees (denominated in Dai) paid on collateral withdrawals in addition to the proceeds from the collateral auction. If there is an insufficient amount of Dai in the Maker Buffer, a debt auction will be triggered and the protocol will mint MKR and sell it to bidders for Dai to recapitalize the system.

Krupda42

To have a stablecoin that can't be frozen But they decided to back it with real world assets and even offer yield via these RWAs Only a matter of time before those reserves are confiscated for violating some law It's the reason why VCs dumped their MKR tokens a few months ago (namely a16z)

jawni

Does it worry you that Cardano/Ergo don't seem to be as popular as other non-EVM chains like Solana or Cosmos despite being around for longer? Like Runekek (MKR co-founder) basically endorsing Solana's tech and proposing to run their own chain using it or like DyDx now running their own Cosmos-based L1? At what point do you say "ok eUTXO was a mistake"? Or the flipside, what can you point to and say "only possible with eUTXO"? If it's this bridge, then the lack of enthusiasm from the broader crypto community doesn't bode well for it.

TyroneWallinson

MKR has being going off and has not looked back since then

MaxSmart1981

nice to see MKR back over $1500

Blooberino

Other than moons? I'm up about 6% on BTC and MKR. Everything else is red.

MaxSmart1981

>but what percentages would you like at for eth/btc? I would suggest in the 50-80% range. For myself, I'm 80% BTC, 10% MKR and 10% a mix of various alts (DOT, STX, SOL, ATOM, EGLD, HNT).

DigitalDude_42

I wouldn't say always safe, but I don't see people mention MKR (Maker) that often, it hasn't bled out like my others. It's currently down for the month but that's still above a lot of the monthly averages. What would be the biggest killer of MKR? Another Black Thursday type event where their liquidations went a little sideways? Lack of innovation, they stop making?

lovelybittabusiness

Maker is making major moves.. MKR over the last few months is one of the best performing in top 50

MaxSmart1981

considering MKR has a fair amount of treasury bonds, isn't the yields going up bullish for them?

gisnirhk

This month seems bullish already and the atmosphere is kind of bullish. BTC is keeping up nicely and altcoins like MKR, CYMI, and RNDR are keeping up nicely.

TyroneWallinson

Why did i sell my MKR😔 im still upset till this day

Still_It_From_Tag

Lol MKR taking a huge hit for some reason

DeepFuckinVNeck

Your definition of scarce is incorrect. Let’s talk about two cryptocurrencies. Bitcoin and MKR. Bitcoin has a total supply if 21 million, MKR has a total supply of 1 million. Does that make the MKR cryptocurrency more scarce than Bitcoin? Based on your definition of scarce it does.

Still_It_From_Tag

MKR It's pumping hard this year

coinfeeds-bot

tldr; Bitcoin's recent strength has boosted interest in altcoins, and select altcoins are showing strength and trying to break above their respective resistance levels. Bitcoin is trading above the moving averages, indicating a positive sign for buyers. Maker (MKR) has broken above a key level, indicating the start of a new uptrend. Aave (AAVE) is trying to break above a long-term downtrend line, indicating a potential trend change. THORChain (RUNE) has reached an overhead resistance level multiple times, weakening it and potentially paving the way for a rally. Injective (INJ) has been swinging inside a large range, but the moving averages and RSI suggest that bulls have the upper hand. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

SilasX

Correct, but those two don’t have a venture attacked to them that earns a profit from its business operations and then pays it out to token holders through a share buyback. FTT did and MKR does now.

chchrnblklk

I also have some Akash but I roundtripped from $0.6 to $1.8 now back to $0.8-ish. Modest gains but I held through a 3x lol. Don't have MKR unfortunately.