Maker Price (MKR)
MKR Price Live Data
The live price of Maker is 1,923.20 per (MKR / USD1) today with a current market cap of 0.00 USD1. 24-hour trading volume is 67.51M USD1. MKR to USD1 price is updated every minute. Bitcoin is 8.65 in the last 24 hours. It has a circulating supply of 1,923.20 MKR.
MKR Price Performance USD1
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MKR Price Information
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MKR Market Information
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Maker (MKR)
Maker is the governance token of the MakerDAO protocol, the organisation behind the creation of Dai, a decentralised stablecoin. Maker token holders have the power to propose and vote on decisions regarding the protocol, such as adding new collateral types, adjusting risk parameters, and managing the system’s stability.
Maker plays a vital role in maintaining the integrity of the Dai stablecoin. It absorbs risks during extreme market volatility to ensure Dai retains its 1:1 peg to the US dollar. This dynamic incentivises Maker token holders to carefully govern the protocol.
Beyond governance, Maker has been an active contributor in the DeFi space, setting the foundation for decentralised lending and stablecoin innovation. It has inspired numerous protocols and remains integral to the growth of the DeFi ecosystem.
MKR token holders benefit from the protocol’s growth, as successful governance can lead to token appreciation. Its dual role as a risk management tool and governance token highlights its importance in the MakerDAO ecosystem.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions.
Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind.
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