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Maker (MKR)

  • Category: Decentralized Finance
  • Coin Launched: August, 2014
  • Resources: White Paper
  • Official Website: Maker
  • Reddit: Maker
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About

The Maker token (MRK) is a governance token that is used to govern and recapitalize the Maker protocol. Holders of the token can participate and vote on changes to the protocol’s smart contract and system parameters such as Stability Fees and the Dai Savings Rate (DSR).

ledger wallet

MAKER History / Information / Buying / Staking

  • MAKER HISTORY

    The Maker protocol is an open-source project started in 2014 with the goal of creating a permissionless credit system that would allow users to take out loans collateralized by cryptocurrency.

  • HOW MAKER WORKS

    Maker (MKR) is an ERC-20 token native to the Maker Protocol, a decentralised finance (DeFi) project which is also known as the Multi-Collateral Dai (MCD) system as it allows users to leverage assets to generate Dai – a community-managed decentralised cryptocurrency that tracks the price of USD. Maker acts as a governance token, so MKR holders get to vote on the development of the Maker Protocol and proposals affecting the use of Dai.

  • BENEFITS OF USING MAKER

    Some of the benefits of using Maker are:

    COMMUNITY GOVERNANCE

    DEFLATIONARY

    COLLATERALIZED DEBT POSITION

  • CAN YOU STAKE MAKER

    You can soft stake Maker on Crypto.com and other major crypto exchanges.

  • COINS SIMILAR TO MAKER

    Direct competition to Maker which are considered similar coins are:
    DAI TETHER