DeFi is short for Decentralized Finance. DeFi describes decentralized lending, borrowing, and interest-bearing systems like Maker and Compound, most of which are Ethereum-based.
Maker (MKR) is a token that gives voting rights to the borrowing system that is used to generate the decentralized stable coin DAI.
Coinbase is launching compound and maker. Both are Ethereum-based cryptos and are related to lending and borrowing systems.
Coinbase Earn is one of the best ways to learn about cryptocurrency and earn free cryptocurrency.
With Ethereum wallets you may need to add a custom token. You’ll need the contract address, symbol, and decimal to add a custom token.
The longstanding top Ethereum project Maker (MKR) was one of the best preforming coins of the bear market. However, drama has since circled around Maker DAO (the Maker organization) and Dai (the stable coin attached to Maker).
Coinbase Pro is adding EOS (EOS), Augur (REP), and Maker (MKR). EOS and REP are added in all jurisdictions supported by Coinbase Pro, with the exception of New York State. MKR is available in all Coinbase Pro-supported jurisdictions outside the US.
DAI lost its peg by a few pips, and MKR holders keep voting to raise borrowing rates (“stability fee”). The latest jump moved the interest rate up from 3.5% to 7.5%.
Maker (MKR) is a token that gives voting rights to the borrowing and lending system used to generate the decentralized stable coin Dai.
Maker (MKR) and its stable coin DAI have been in the works since 2015, but they have really shinned during the 2018 bear market. MKR and DAI have been added to Coinbase, and MKR is now a top coin by market cap in 2019.
Coinbase is considering listing many different assets. Here is a list of all cryptocurrencies Coinbase is considering.