Maker (MKR)

  • Market Cap: 334,255,464.00
  • Available Supply: 728,228.00

  • Last Price: 469.8508
  • Total Supply: 1,000,000.00

Maker is a smart contract platform on Ethereum that backs and stabilizes the value of Dai through a dynamic system of Collateralized Debt Positions (CDPs), autonomous feedback mechanisms, and appropriately incentivized external actors. In addition to payment of the Stability Fee on active CDPs, the MKR token plays an important role in the governance of the Maker Platform. Governance is done at the system level through election of an Active Proposal by MKR voters. The Active Proposal is the smart contract that has been empowered by MKR voting to gain root access to modify the internal governance variables of the Maker Platform.

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