MakerDAO: Decentralized loans with DAI stablecoin and MKR governance.
MakerDAO is a DeFi protocol using DAI and MKR tokens for collateral-backed loans and governance on Ethereum.
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What is Maker (MKR)?
MakerDAO is a decentralized lending platform built on Ethereum, enabling collateral-backed loans without intermediaries. Its widespread adoption and DeFi integration have established it as a significant protocol in the crypto space. The platform operates through smart contracts, managing borrowing and lending using two tokens: DAI and MKR. DAI is a stablecoin pegged to the US dollar, while MKR serves as a governance token. When a user takes out a loan on MakerDAO, DAI is generated, representing the borrowed amount. Users repay the loan with DAI, which is then burned. MKR holders vote on protocol changes, influencing the direction of MakerDAO. DAI is issued when users purchase a CDP (Collateralized Debt Position) with ETH, using ETH as collateral. Essentially, users can borrow against their...
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Maker price live information
As of now, Maker is trading at 1 709.765 USD, with a 24-hour trading volume of approximately 9.12M USD. The MKR to USD price is updated in real time. Over the past 24 hours, Maker has increased by 8.84%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 1.43B USD. Currently, there are 834 794.624941 MKR in circulation out of a maximum supply of 859 757.672248 MKR.
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