Maker MKR
standardized id:
maker-mkr
Asset valuation (marketcap): $674,672,555
Ownerships:
Supply:
- circulating @ 977631
- Form: tokens
- Price: $ 690.110
What is the Maker MKR asset token:
Maker (MKR) is the native governance token of the MakerDAO platform, a decentralized finance (DeFi) ecosystem that allows users to generate the stablecoin DAI by locking up collateral in smart contracts. MKR token holders have the ability to propose and vote on changes to the platform, influencing its parameters, such as stability fees, collateral types, and debt ceilings. In addition, MKR plays a role in maintaining the stability of DAI by acting as a recapitalization resource in the event of system insolvency. MakerDAO's innovative approach to decentralized lending and stablecoin generation has made it a foundational component of the DeFi ecosystem.