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MAKER
MAKER (Android)

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1.3.9
Vorun Kreal

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MAKER Android Application Review

Maker's global settlement is a crucial part of the technology's security. It allows the Maker Platform to survive attacks by using decentralized leverage. Maker uses a system of collateral, with MKR token holders acting as the buyer of last resort. Essentially, global settlement is a mechanism that ensures the price of Dai remains at $1. It's important for the technology to remain stable as it's a necessary step to maximizing the potential of blockchain.

Maker uses a unique set of proprietary technologies to address multiple problems that plague the traditional financial system. Maker is a key part of the DeFi community, an increasingly popular sector of decentralized financial institutions that aim to provide viable alternatives to centralized financial services. The Maker ecosystem uses the Active Proposal protocol, which grants users greater control over the system. It also uses a deflationary protocol in which a small interest fee is burned when a CDP smart contract closes.

The Maker platform works through a unique mechanism called collateral debt. This process allows the Maker network to automatically revert to its default value if the value of the Dai is below the value of the collateral. This makes the Maker platform an excellent choice for lending assets, if you can get the financing. Despite the fact that it may be risky at first, Maker's unique solution to this problem is well worth the risk. The Maker platform has become an increasingly popular option for investors and traders alike, and many users are finding that it can be a beneficial addition to their digital assets portfolios.

by Vorun Kreal
Technical information
Operating System
Android
Category
Platform
Downloads
14,847
Date
2021-01-31

Latest Version

1.3.9

2021-01-31
Rating
Average: 9.3 / 10 (985 votes)
Your score: - / 10
Older versions
1.3.9 26.3 MB
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