Makerdao (MKR) cryptocurrency token is a central bank built with smart contracts on Ethereum

Makerdao MKR cryptocurrency token is a central bank built with smart contracts on Ethereum and could become a huge bank.
Great overview to understand this:
https://medium.com/makerdao/maker-for-dummies-part-2-30bb11db168a
Analysis that helps understand further. i didn’t agree with some of their criticisms
https://medium.com/reserve-currency/our-analysis-of-the-makerdao-protocol-4a9872c1a824
More info from MakerDao
https://medium.com/@MakerDAO

I prefer decentralized and computer automated dollar pegged coins.
launched six months ago and Dai maintained peg under stress of Ethereum crashing
Being able to get loans on assets without having to talk to a banker is something the economy needs. Its great for me! Low interest long term loan based on assets
Myetherwallet.com can hold MKR and, DAI,
Not a hype coin because they only want MKR owners who understand the voting responsibilities
Growth in collateral at http://mkr.tools
Collateral up 50% in past month
now almost $200 million in collateral.
interest rates up from .5% to 2.5%
System will pay 2% interest on Dai locked in a savings account
I would limit to 5% of portfolio for now.
Hard to buy. I found it with Low volume on HitBTC

Makerdao (MKR) cryptocurrency token is a central bank built with smart contracts on Ethereum

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Kane Dane