Hamburger X.

AirSwap Partners with MakerDAO to Bring Stability to Ecosystem

airswap makerdao

AirSwap Partners with MakerDAO to Bring Stability to Ecosystem

AirSwap, a Brooklyn-based decentralized marketplace, announced its partnership with MakerDAO, a platform that controls and sells a US-dollar pegged stablecoin called Dai.

Live by the Sword, Dai by the Sword

The issue with many cryptocurrency exchange and marketplace platforms is that without a stable base asset, pricing assets against each other hinges on the lines between rapidly moving and chaotic. By adding a stablecoin, MakerDAO’s Dai, AirSwap will help encourage consumers to utilize various cryptocurrencies as mediums of exchange, rather than being pressured to game the market to increase or avoid the steep fall of their digital asset’s value.

The Dai Stablecoin is backed by collateral (regulated by MakerDAO) and holds a stable value relative to the US Dollar. Since Dai proves stable denominations for token trades, a decentralized marketplace like AirSwap only serves to benefit by offering its users a higher degree of stability (and optionality).

The MakerDAO whitepaper states that “Maker is a smart contract platform on Ethereum that backs and stabilizes the value of Dai through a dynamic system of Collateralized Debt Positions (CDPs), autonomous feedback mechanisms, and appropriately incentivized external actors.”

What This Means for AirSwap

AirSwap is one of the front-runners for a viable decentralized marketplace and has been growing at a rapid pace since its marketplace launched in April 2018.

With over $1 million worth of trades conducted on its marketplace in the first 24 hours, and with strategic partners such as Joseph Lubin, Bill Tai, and Mike Novogratz, AirSwap is a decentralized marketplace to keep your eye on.


Newsletter (Sidebar)

  • This field is for validation purposes and should be left unchanged.


Cobinhood Featured Image

What is Cobinhood Coin (COB)? A Beginners Guide

Cobinhood – A Zero Trading Fee Cryptocurrency Exchange Say hello to Cobinhood, a cryptocurrency exchange that charges zero fees for trading. Yes, you heard that right, zero! With a cheeky take on the Robinhood theme, Cobinhood has decided to move in…

Read More
bitcoin energy

What is the Environmental Impact of Bitcoin Mining?

Bitcoin has radically changed the payment model for worldwide transactions. So far in 2018, the number of transactions has ranged between the 150 000 and 400 000 per day level. But now, as more and more people worldwide start using…

Read More
digital money

Do We Really Need Cryptocurrency? – A Modern Exploration of Money

A number of leading businessmen and economists have questioned the need for cryptographic currencies over traditional fiat (paper) ones. Bitcoin, the first decentralized cryptocurrency, was largely created as a response to and rose to popularity as a result of the…

Read More


Getting Started Gold Bars.


Quantum Computing | Bitcoin’s Doomsday Maker

Quantum computing has the potential to end Bitcoin’s security as we know it. Learn more about the super-frozen computers and their threat to crypto.


Getting Started Gold Bars.


Alex is the Editor-in-Chief of CoinCentral. Alex also advises blockchain startups, enterprise organizations, and ICOs on content strategy, marketing, and business development. He also regrets not buying more Bitcoin back in 2012, just like you.