Maker ($MKR ) is the governance token of the MakerDAO ecosystem, which powers DAI, a decentralized stablecoin. MKR holders vote on important decisions within the Maker protocol, ensuring its long-term stability.
Why $MKR is essential:
DAI Stablecoin: A decentralized, price-stable cryptocurrency backed by collateral.
Decentralized Governance: $MKR holders control updates and risk parameters.
Collateralized Debt Positions (CDPs): Used to mint new DAI.
MakerDAO and MKRare foundational elements in the DeFi space.
