Crypto.com, the pioneering payments and cryptocurrency platform, announced today that it has listed Maker (MKR) and added DAI & MKR to Crypto Earn, allowing users to enjoy up to 8% p.a. on their deposits.
Dai (DAI) DAI is a USD-pegged stablecoin running on the Ethereum developed by the MakerDAO team. Its $1 USDequivalent is maintained through a dynamic system of Collateralized Debt Positions (CDPs), autonomous feedback mechanisms, and appropriately incentivized external actors. DAI can be used in the same manner as any other cryptocurrency: It can be freely sent to others, used as payments for goods and services, or held as long term savings.
Maker (MKR) is an ERC-20 token on the Ethereum blockchain that backs and stabilizes the value of stablecoin DAI through automatic pricing mechanisms built into smart contracts. MKR tokens are created or destroyed in accordance with price fluctuations of the DAI coin in order to keep it as close to $1 USD as possible and is part of a fully inspectable system on the Ethereum blockchain. MKR tokens are also used to pay transaction fees on the Maker system, and provide holders with voting rights within Maker’s continuous approval voting system.
Crypto Earn now supports 13 coins for holders to maximize their returns, including BTC, ETH, LTC, XRP, BNB, TUSD, PAX, USDC, MCO, BAT, LINK with the addition of DAI and MKR. Interest is paid out weekly in the coin deposited with flexible, 1-month or 3-month terms available. Users earn more by staking at least 50 MCO.