Cryptocurrency Q&A What is MakerDAO MKR?

What is MakerDAO MKR?

AzurePulseStar Thu May 23 2024 | 5 answers 1154

Could you please explain what MakerDAO MKR is? I've heard it mentioned in the cryptocurrency circles but I'm not entirely sure what it stands for or how it works. Could you elaborate on its purpose and functionality within the blockchain ecosystem? Is it a token, a protocol, or something else? How does it contribute to decentralized finance? I'm curious to understand the significance of MakerDAO MKR in the larger crypto world. What is MakerDAO MKR?

What is MakerDAO MKR?

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