Maker
MKR
Crypto
Governance
USD 1,646.57+1.57%
Maker
UMushroom community rating:
About
Governance
Categoryn/a
Consensus MechanismL2
L1/L2n/a
Sub-cateegoryethereum
Ecosystem2017
Year of creation
Description
Maker (MKR) is a Governance crypto token. Maker was founded on 2017-01-29 on the ETHEREUM ecosystem. More information can be found at https://makerdao.com/.
Key Technical Advantages:
Multi-Collateral Dai (MCD) System: The Maker Protocol allows users to generate Dai, a stablecoin soft-pegged to the US Dollar, by leveraging collateral assets approved by Maker Governance. It supports multiple Ethereum-based assets as collateral, with corresponding risk parameters for each asset voted on by MKR holders. Maker Governance: The community of MKR token holders manages the Maker Protocol through a system of scientific governance involving Executive Voting and Governance Polling. Voting power is proportional to the amount of MKR a voter stakes in the DSChief voting contract. Built on Ethereum: The Maker Protocol is built on the Ethereum blockchain and was the first decentralized finance (DeFi) application to gain significant adoption. Its components include the Dai stablecoin, Maker Collateral Vaults, Oracles, and Voting. Decentralized Autonomous Organization (DAO): MakerDAO is an open-source project and a DAO, managed by people worldwide who hold its governance token, MKR. It ensures the stability, transparency, and efficiency of the Dai stablecoin through decentralized governance. Key Foundations: The Maker Foundation built and launched the Maker Protocol with outside partners, working to bootstrap decentralized governance for the project. The Dai Foundation, based in Denmark, is self-governing and independent, safeguarding intangible assets like trademarks and code copyrights. Content summarized by AI chatbotSource:
https://makerdao.com/en/whitepaper/#overview-of-the-dai-stablecoin-systemKey figures
28.1%1Y
-28.1%3Y
251%5Y
Performance
1,725/ 1,6461D
2,405/ 1,5051M
4,059/ 2391Y
Highs/ Lows
13.09.2022
USD 6,066.83
All Time High
27.14%
% of All Time High
-96.06%All Time
-94.11%1 year
Max drawdown
#71
Ranking by Market Cap
1,510.31 M
Market cap (USD)
0.00%
% of Market
40.793 B
Category Market Cap (USD)
3.70%
% of Category
919889
Circulating Supply
891115
Liquid Supply
96.87%
Liquid/ Circulating Supply
1005577
Max Supply
91.48%
Circulating/ Max Supply
121648596
Volume Traded
13.19%
Volume Traded/ Market Cap
Ratings & reviews
Performance:
0.00
Innovation:
0.00
Society:
0.00
Nature:
0.00
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