The $MKR token is the native token that governs the MakerDAO, a digital community that owns and operates $MKR, as well as the Maker protocol. Most people know Maker for the Dai stablecoin, a token that directly reflect the value of the United States dollar. Owners of the $MKR token have voting rights to decide the future of the Maker protocol and Dai. The token and protocol both live within the Ethereum blockchain.
The Maker Protocol is known predominantly for decentralized finance use cases. While you can trade the $MKR token, the main output of the project is the Dai stablecoin. While the protocol has been around for some time, we haven't seen much development beyond borrowing and lending via the stablecoin.
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Maker is apowered by,uses to validate transactions,and is.Maker also supports.
Interesting facts about Maker
Here are some facts you may not already know about Maker. Something surprise you? Go ahead, share it!Any fact missing? Contact us.
The Maker Protocol was one of the first decentralized finance protocols to gain mainstream popularity.
The $MKR token is a a governance token that allows owners to vote on the platform.
MakerDAO produces the Dai stablecoin.
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Maker price and insights
See how much Maker is worth and learn from other insightful metrics
-0% past 1 week
Based on 1 community reviews
0% feel totally fine about Maker today
0% think this is a great investment
0% believe in the potential
0% say the development team is great
0% say the community is great
Market capitalization Very small
24 hour trading volume Very small
Market cap % of total Very small
# Discord members -
# Telegram members -
% of total supply circulating Very small
What’s the community like?
Community matters for projects like Maker, because an active community drives the development of use cases for a blockchain project. The more people are active, the better to have healthy discussions and create something valuable.