Lucia
Tue Oct 15 2024
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7 answers
1657
What is an MKR maker?
MKR, also known as Maker, is the governance and utility token of the MakerDAO platform. It plays a crucial role in managing the Dai stablecoin system, enabling holders to pay stability fees and participate in system management. Dai, pegged to the US dollar, is a decentralized stable currency used for various applications like loans, leverage trading, and more. MKR's value is closely tied to the performance of the entire Maker system.
