Maker-MKR

$574.04
$13.78 +2.46%
$592.31
24H High
$559.90
24H Low
$95.25M
24H Vol

Base Info

  • Max Supply
    1000000 MKR
  • Total Supply
    1000000 MKR
  • Circulating Supply
    1000000 MKR
  • MarketCap
    $574.04M

Maker-MKR Introduction

Maker DAO is a decentralized autonomous organization on the Ethereum blockchain seeking to minimize the price volatility of its own stable token Dai against the IMF's currency basket SDR. It's token,MKR is a speculative Ethereum based assetthat backs the value of the dai, a stable price stable coinissued on Ethereum. Maker earns a continuous fee on all outstanding dai in return for governing the system and taking on the risk of bailouts. Maker's income is funnelled to MKR owners through BuyBack program (Buy&Burn).MKR functions as the governance and fee token of the Dai Stablecoin Platform. It is used to vote on Dai risk parameters, and used to pay stability fees by Dai generators.