Maker (MKR) is a governance token of the MakerDAO protocol, a decentralized finance (DeFi) platform that supports the creation, management, and trading of decentralized assets.$MKR
Key Features:
- Decentralized Governance: MKR holders govern the Maker Protocol.
- Stablecoin Issuance: DAI stablecoin is issued and managed through the Maker Protocol.
- Collateralized Debt Positions (CDPs): Users can create CDPs to borrow DAI.
Token Information:
- Circulating supply: 1,005,796 MKR
- Total supply: 1,005,796 MKR
- Market capitalization: $640 million
Use Cases:
- Governance and Voting
- DAI Stablecoin Issuance
- Collateralized Lending
Partnerships:
- Ethereum
- Compound
- Uniswap
MakerDAO Benefits:
- Decentralized and community-driven
- Secure and transparent
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