What is Maker?
Maker is the cryptocurrency unit native to the Maker platform and operates alongside another coin which exists on the same platform - Dai, which is a decentralized stablecoin based on the Ethereum blockchain. Maker is an ERC-20 token native to the Maker Protocol, a decentralised finance (DeFi) project. It acts as a governance token, so MKR holders have voting rights over the development of the protocol.
Maker goals
The primary function of Maker is to manage Dai, a decentralized cryptocurrency that aims to maintain a stable value closely tied to the US dollar. Maker tokens grant voting rights over the development of the protocol and are used for paying interest rates on Dai loans. The Maker Protocol enables the creation and use of Dai, a stablecoin that can be used for various purposes, including margin trading, generating operational capital, and savings.
Maker fondamentals
The Maker Protocol was created in 2015 by a group of developers led by Rune Christensen. The group was formalized later into the Maker Foundation, a Cayman Islands company. In 2017, the Maker team raised funds by selling MKR tokens to noted venture capital firms.
Marketcap
$1.208B
Total number of Maker
919728 MKR
Maker technology
Maker operates on the Ethereum blockchain. The Maker Protocol is a decentralised finance (DeFi) project that allows users to leverage assets to generate Dai, a community-managed decentralised cryptocurrency that tracks the price of USD.
Maker competitors
Maker is one of the top DeFi lending platforms in the world, combining both decentralised finance and stablecoins. It differentiates itself from competitors by making it easy for people to take out loans and pay them back after a stipulated period. Maker's unique governance model, where MKR holders have voting rights, sets it apart from competitors.
Maker price history
Frequently asked questions
Maker is a cryptocurrency that operates alongside Dai, a decentralized stablecoin, and acts as a governance token for the Maker Protocol.
The Maker Protocol is a decentralised finance (DeFi) project that allows users to leverage assets to generate Dai, a community-managed decentralised cryptocurrency.
Dai is a decentralized stablecoin that aims to maintain a stable value closely tied to the US dollar, and is managed by the Maker Protocol, which uses Maker tokens as governance tokens.
Maker tokens grant voting rights over the development of the protocol and are used for paying interest rates on Dai loans.
The Maker Foundation is a Cayman Islands company that was formalized from a group of developers led by Rune Christensen, who created the Maker Protocol in 2015.
Maker operates on the Ethereum blockchain.
The primary function of Maker is to manage Dai, a decentralized cryptocurrency that aims to maintain a stable value closely tied to the US dollar.
Maker differentiates itself from competitors by making it easy for people to take out loans and pay them back after a stipulated period, and by its unique governance model, where MKR holders have voting rights.
Automated strategies for crypto investors
Drakkar-Software - 15 rue des halles, 75001, Paris, France
Drakkar-Software © 2021-2025 Copyright. All rights reserved.