Maker
MKR
About Maker
Maker is an Ethereum token that describes itself as “a utility token, governance token, and recapitalization resource of the Maker system.” The purpose of the Maker system is to generate another Ethereum token, called Dai, that seeks to trade on exchanges at a value of exactly US$1.00.
Resources
Maker (MKR) is a governance token associated with the MakerDAO and Maker Protocol, both of which are built on the Ethereum blockchain. The primary function of Maker is to manage DAI, a decentralized cryptocurrency that aims to maintain a stable value closely tied to the US dollar. MKR tokens do not provide dividends to their holders, but they do grant voting rights over the development of the Maker Protocol. The value of MKR tokens may fluctuate based on the performance of DAI. The Maker ecosystem is a project in the decentralized finance (DeFi) space, which seeks to create decentralized financial products on smart-contract-enabled blockchains like Ethereum.
Maker operates by allowing its token holders to participate in the governance of DAI. Every holder of Maker tokens has the right to vote on various changes to the Maker Protocol, with their voting power proportional to the size of their MKR stake. Some of the aspects of the protocol that holders can vote on include adding new collateral asset types to the protocol, amending the risk parameters of existing collateral asset types, changing the DAI Savings Rate, choosing the oracles, and implementing upgrades to the platform. The ability to participate in the management of one of the stablecoins on the market may influence the demand for MKR tokens.
Maker's primary use case is to provide a decentralized governance system for the DAI stablecoin. By holding MKR tokens, users can participate in the decision-making process that shapes the future of the Maker Protocol. This includes voting on potential upgrades, selecting trusted oracles, and deciding on risk parameters for different collateral types. Additionally, the Maker Protocol allows users to generate DAI by depositing collateral assets into Maker Vaults. This provides a way for users to access liquidity, making Maker a component in the broader DeFi ecosystem.
MakerDAO, the first entity within the larger Maker ecosystem, was established in 2015 by Rune Christensen, a Danish entrepreneur. Christensen, who holds a degree in biochemistry from Copenhagen University and studied international business at the Copenhagen Business School, co-founded and managed the Try China international recruiting company prior to creating MakerDAO. The Maker project was conceived in 2015 and fully launched in December 2017. It was one of the early projects in the DeFi space and has since played a role in the growth and development of decentralized finance.
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Market
Spain Market Stats
€2.3B
€41.0M
927.7K MKR
14 days
#47
€5,891.49
Spain Market performance
+0.35%
-0.98%
-7.13%
-6.2%
-3.51%
+303.92%
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Social
Some highlights about Maker on social media
378 unique individuals are talking about Maker and it is ranked #384 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Maker has an average sentiment score of 3.4 out of 5. Finally, Maker is becoming more newsworthy, with 0 news articles published about Maker. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly bullish about Maker. There were 43.1% of tweets with bullish sentiment compared to 20.69% of tweets with a bearish sentiment about Maker. 36.21% of tweets were neutral about Maker. These sentiments are based on 58 tweets.
On Reddit, Maker was mentioned in 59 Reddit posts and there were 36 comments about Maker. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Overview
378 people
32 posts
0.11%
#384
3.4 out of 5
58 people
43.1%
Bullish
36.21%
Neutral
20.69%
Bearish
59
36
46
50
Maker Calculator
How much is 1 MKR?
MKR/USD (United States Dollar)
$2,653.01
MKR/CAD (Canadian Dollar)
CA$3,617.73
MKR/GBP (British Pound)
£2,082.36
MKR/JPY (Japanese Yen)
¥417,294.51
MKR/INR (Indian Rupee)
₹221,390.96
MKR/BRL (Real)
R$13,917.85