MakerDao This Coin Will Explode 💥 You Rich? Top Crypto Coin Next Bull Run
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MakerDAO is the crypto coin that stands out in the crowd among cryptocurrencies who haven’t put out a working products, followed through on their governance models, and provided working utility for their token. MakerDAO checks all 3 of these boxes, and then some. MakerDAO is a decentralized autonomous organization running within the ethereum blockchain and consists of a decentralized stablecoin called Dai $DAI, collateralized loans, and decentralized governance through the cryptocurrency token Maker $MKR. All these pieces are currently functioning on the Ethereum blockchain, and the collateralized loans called collateralized debt positions (CDPs) are powered and secured through ethereum smart contracts. These CDPs give rise to the stablecoin Dai, which is the first truly decentralized stablecoin in existence and could give Tehter a run for its money (literally). Today, Chico Crypto will make the case for MakerDAO Dai and the entire system, while at the same time analyzing their inherent risks.
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⏰ Time Stamps ⏰
00:08 Introduction: The Rise of Stablecoins
00:56 The Case For MakerDAO & Dai Stablecoin
01:25 Current Stable Coins Rely On Banks & Centralized Legal System
02:16 MakerDao Is Different: How The System Works
03:43 MakerDao In Layman’s Terms
04:01 What A Borrower Can Do With The Dai They Borrow Through CDPs
04:15 How Dai Is Kept Stable To 1 Dollar?
05:47 Why Maker Could Make You Rich: The Case
07:30 The Case Against MakerDao? The Risks
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The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Purchasing cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. Past performance does not indicate future results.
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