Could you please elaborate on the timing of Maker coin's introduction to the market? I'm curious to know when this cryptocurrency made its debut and if there were any notable events surrounding its launch. Additionally, would you happen to know if there were any significant factors or reasons that contributed to its initial release? I'm quite interested in understanding the background and context surrounding Maker coin's emergence in the cryptocurrency sphere.
            
            
 
            
            
            
            
          
            7 answers
            
            
  
     CryptoPioneer
    Tue Jun 18 2024
    CryptoPioneer
    Tue Jun 18 2024
   
  
    Its implementation generated a remarkable sum of $100 million in debt, a testament to the demand for such a collateral-based lending system.
  
  
 
            
            
  
     Skywalker
    Tue Jun 18 2024
    Skywalker
    Tue Jun 18 2024
   
  
    BTCC, a UK-based cryptocurrency exchange, offers a comprehensive suite of services in the crypto ecosystem.
  
  
 
            
            
  
     HallyuHype
    Tue Jun 18 2024
    HallyuHype
    Tue Jun 18 2024
   
  
    The Maker protocol debuted in December 2017, initially introduced as a Single Collateral Dai (SCD) framework.
  
  
 
            
            
  
     Giulia
    Tue Jun 18 2024
    Giulia
    Tue Jun 18 2024
   
  
    Among its offerings are spot trading, futures contracts, and a secure wallet solution, catering to diverse needs in the crypto market.
  
  
 
            
            
  
     Daniele
    Tue Jun 18 2024
    Daniele
    Tue Jun 18 2024
   
  
    The SCD protocol was designed with a specific focus, allowing only Ethereum to be utilized as collateral for loans.