MKR (Maker) is the governance token of the MakerDAO decentralized finance (DeFi) protocol.$MKR
Token Information:
- Symbol: MKR
- Type: Governance Token
- Total Supply: 1 million MKR
- Circulating Supply: 900,000 MKR
- Market Capitalization: $500 million
Use Cases:
- Governance and voting
- Stability fee adjustment
- Collateral asset addition
- Protocol upgrades
Features:
- Decentralized governance
- Stablecoin (DAI) issuance
- Collateralized debt positions (CDPs)
- Scalable architecture
Exchanges and Availability:
- Listed on major exchanges (Binance, Huobi, etc.)
- Compatible with MetaMask, Trust Wallet, and Ledger
Partnerships:
- Collaboration with DeFi protocols
- Integrations with blockchain projects
- Partnerships with financial institutions
Website:
https://makerdao.com
Additional Resources:
- Whitepaper: https://makerdao.com/en/whitepaper
- GitHub: https://github.com/makerdao
Recent Developments:
- Multi-Collateral DAI (MCD) upgrade
- Integration with Polygon and Solana
- Enhanced security measures
- Growing adoption in DeFi
MKR's benefits:
- Decentralized governance
- Stablecoin issuance
- Scalable architecture
- Growing ecosystem
MKR's use cases:
- Governance and voting
- Stability fee adjustment
- Collateral asset addition
- Protocol upgrades
MakerDAO aims to create a decentralized,