CRYPTOPROJECTS

MKR

MAKER

The Maker token (MKR) serves as a governance token for the Maker protocol, allowing holders to participate in decision-making regarding the protocol's smart contracts and system parameters. Maker is a smart contract lending platform established in 2015 by the Maker Foundation. It enables users to secure loans by providing collateral in exchange for Dai, a stablecoin pegged to the US dollar. Initially launching with Single Collateral Dai (SAI) backed by Ether (ETH),

Maker later introduced Multi-Collateral Dai (DAI) in 2019, replacing SAI. With a mission to provide economic opportunities globally, Maker has become the largest decentralized lending platform, boasting approximately $2.58 billion in total value locked (TVL) as of December 2020.

MKR token holders play a crucial role in governing and maintaining the stability of the Maker protocol, ensuring its continued success and growth within the decentralized finance (DeFi) ecosystem.