Maker

About Maker

Maker (MKR) is a decentralized governance and utility token built on the Ethereum blockchain, central to the MakerDAO protocol. It powers the system behind Dai, a decentralized stablecoin pegged to the US dollar. MKR holders participate in governance through voting on risk parameters and system upgrades, directly influencing protocol health. The token is algorithmically created or burned in response to Dai price fluctuations, aligning incentives for responsible governance. MakerDAO represents one of the foundational projects in decentralized finance, establishing an early model for collateral-backed stablecoins and community-driven protocol management entirely on-chain.